Associate Editor

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 developer and asset manager tells STOREYS that 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 15 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.”​

Construction

Plunging Housing Starts In Ontario To Have “Dire Consequences” By 2026: RBC

Economists with RBC are sounding the alarm on a housing construction slowdown that could hit Ontario far earlier than expected.

Development Projects

AC Development Bumps Up Sheppard East Proposal To 30 Storeys With Undulating Facade

​Plans to bring a 12-storey mid-rise to the site at 635 Sheppard Avenue East and 1 Greenbriar Road were adopted by Toronto City Council in October 2023.

Industry

Altus Group In “Strategic Review” That Could Result In Sale

Altus Group has released a statement revealing that the company is in a “process of review, which includes but is not limited to acquisitions, divestitures, and a sale or merger.”

Development Projects

High Park Church Conversion In Receivership Finds Buyer, Presales To Be Terminated

Bogged down by budget overruns, the condo project at 248 and 260 High Park Avenue has yet to come to fruition, and now the property’s fate is up to the new owner.

Construction

Toronto Among 70% Of Ontario Municipalities That Fell Short Of 2024 Housing Target

​The Province updated its housing supply tracker on Monday, which shows that 35 out of Ontario’s 50 largest municipalities fell short of their 2024 targets.

Retail

Claire’s Canadian Arm Under Creditor Protection With $8M In Net Losses This Year

​While stores will stay open during the restructuring, it’s not been uncommon over the past few years for embattled retailers have their CCAA proceedings culminate in liquidation.