Deputy Editor

Development Projects

'A Centre Of Gravity': Building A Post-Pandemic Student Hub

Located at the southwest corner of Rathburn Road West and Duke of York Boulevard, the building is the third on Sheridan College's Mississauga campus and is the only one dedicated entirely to student life

Real Estate News

"Signs Of Life": Canadian Home Sales Up 22% From Same Time Last Year

"Sales are up, market conditions have tightened quite a bit, and there has been anecdotal evidence of renewed competition among buyers," said Shaun Cathcart, CREA's Senior Economist.

Real Estate News

CNN Names Ontario Development To World Architecture List

It's not often that London, Ontario is the London that's making noise on the world stage, but thanks to an innovative development planned for the city, it's now garnering international attention.

Economy

Interest Rates Won't Fix Housing Affordability: Macklem

The BoC head instead pointed to other aggravating factors, like the lack of housing supply, exacerbated by "zoning restrictions, delays and uncertainties in the approval processes, and shortages of skilled workers."

Real Estate News

GTA Home Sales See Significant Jump As Lower Borrowing Costs Emerge

This boom in sales comes "as some homebuyers started to benefit from lower borrowing costs associated with fixed-rate mortgage products," TRREB says.

Industry

Greenbelt Developer Tricked Partner Into Selling Valuable Land, Lawsuit Alleges

Businessman Allan Fenwick alleges that developer Michael Rice of the Rice Group of Companies fraudulently convinced him to sell his shares in a 100-acre East Gwillimbury property.

Industry

Mississauga, Hamilton-Burlington, Waterloo, Simcoe Realtors Merge Under New Association

The new 'Cornerstone Association of Realtors' will be the second-largest real estate board in Ontario when it launches on July 1.

Industry

Lender Seeks Receivership For Mizrahi, Rogers Yorkville Condo Development

The lender, Duca Financial Services Credit Union, alleges that the developers – Sam Mizrahi and Edward Rogers – are in default, owing $16M.

Industry

Blackstone's Real Estate Revenue Plummeted By 50% In 2023

Blackstone recently acquired Toronto-based Tricon Residential in a $3.5B deal that saw the giant asset manager buy up all outstanding common shares of Tricon in order to take it private.

Real Estate News

Historic Berkeley Church To Be Sold Under Receivership

Proceeds from the sale will go towards paying back Berkeley Events' debts and, if there is money left over, refunding the deposits of customers who had planned events with Berkeley that were cancelled as a result of the company's insolvency.

Economy

Bank Of Canada Holds Key Interest Rate At 5% For Fourth Straight Time

The hold was largely expected, with many economists predicting in the weeks leading up to Wednesday's announcement that a rate cut was not yet on the table.

Profiles

RioCan COO John Ballantyne Looks Back On The REIT's 30 Year History

RioCan, now holding 192 properties valued at around $12.7B, celebrated its 30th anniversary last week with the ringing of the TSX opening bell.