Laura Hanrahan
Laura has covered real estate in Toronto, New York City, Miami, and Los Angeles. Before coming to STOREYS as a staff writer, she worked as the Toronto Urbanized Editor for Daily Hive.
Deputy Editor
Real Estate News
The Last "Uneventful Month"? Canada's Home Price Decline Comes To A Halt In February
“It’s looking like February may end up being the last relatively uneventful month of the year as far as the 2024 housing story goes,” said Shaun Cathcart, CREA’s Senior Economist.
Development Projects
Still No Completion Date For The One As SKYGRiD Takes Over Construction
A weeks-long transition culminated this week in SKYGRiD fully taking over construction of The One.
Real Estate News
Rare Piece Of Lake Ontario Cuts Asking Price By $20M
The drop in price comes after the City of Pickering made two unsuccessful bids on the Frenchman's Bay property.
Development Projects
Junction Rental Plans Scrapped As Site Listed For $11.75M
The owners of 2978-2988 Dundas Street West, located on the northwest corner of Dundas and Pacific Avenue, brought the property onto the market late last week.
Renting
"Unrelenting": Canadian Rent Prices Up 21% Since Rate Increases Began
In the last year alone, rent prices grew 10.5% across Canada, which represents the fastest annual growth since September 2023.
Profiles
Christina Giannone On Leading One Of The GTA's Largest Developments
Christina Giannone shares what it's like working on the gargantuan Brightwater development in the very area she was born and raised, and what it's like being one of the few female leaders in the development sector.
Listed Commercial
Under Receivership, Scarborough Office Building Listed For $39.5M
The eight-storey office building, located just south of the Scarborough Town Centre mall, was placed under receivership in November after the owner defaulted on $26.6M in loans.
Economy
For The Fifth Time, Bank Of Canada Holds Interest Rate At 5%
Although inflation ticked down in January, the BoC has long maintained that a sustained trend of low inflation needs to be seen before rate cuts can be considered.
Muskoka
Muskoka Rentals Could Soon Face Restrictive Licence Requirements
Under the proposed bylaw, aimed at reining in unruly cottage renters, properties can only be rented out for 50% of the summer and 50% of the rest of the year.
Real Estate News
GTA Sees Record-Setting Absence Of High-Rise Condo Launches In 2024
With sales being harder to come by, developers may have realized that launching in the fall of 2023 was a mistake, thus the sharp drop off come the new year.
Development Projects
"A Difference In Vision": Mizrahi On Being Pushed Out Of The One
Sam Mizrahi, the developer behind the sky-scraping, embattled tower rising at the corner of Toronto's Yonge and Bloor streets known as The One, is being forced off of the project in favour of another construction manager.
Policy
Ford Gives Toronto $114M For Exceeding Housing Targets
Of the $114M, $38M is an additional bonus for exceeding Toronto's provincially mandated housing target by 51%.
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