Associate Editor

Finance

Where Every Big Bank Stands On Wednesday's Interest Rate Announcement

We could be looking at a quarter-point interest rate cut this week, but a strong inflation reading on Tuesday could change the name of the game.

Real Estate News

From Pandemic Peak To Pricing Reality: What GTA Sellers Need To Know

​“We are going into this eyes wide open, and having those hard conversations very early in the process.”

Listed Commercial

Receiver Seeks Sale Of Midtown Toronto Site Approved For 32-Storey Flatiron

​The parcels at 3742, 3748, and 3750 Bathurst Street were placed under receivership in June with lenders alleging indebtedness of over $28 million.

Development Projects

Osmington Gerofsky Advances Vandyk’s Multi-Tower Mimico Project In Receivership

The site at 39 Newcastle Street is part of a series of Toronto-Area addresses that were placed under receivership in late-2023 as Vandyk Properties fell into severe financial distress.

Commercial

Block Of Eglinton Ave W, Office Of TAS Sells To Skye Capital For $20.85M

While transaction records from Altus Group identify TAS as the vendor, the real estate company tells STOREYS they provided property management services to the previous owner, but were not the seller.

Real Estate News

Withering GTA New Home Sales Have Now ‘Eclipsed’ The ‘90s Downturn

In the absence of sales, new home inventory in the Greater Toronto Area grew to 20 months in July — the highest level recorded to date.

People

Long-Time Royal LePage COO Carolyn Cheng Retiring

Cheng stepped into the newly created role of Chief Operating Officer in May 2016, and has spent over 20 years in total with Royal LePage.

Construction

There’s Promise In Prefab — But First We Need The Big Builders (And Big Money) On Board

“On a per-capita basis, we are producing far less housing despite our intent, all the incentives, the industry's desire. The only way to change that is to try something radically different from what we have done in the past.”​