Associate Editor

Profiles

For Toronto’s New Chief Planner, City Building Is A “Team Sport”

Growth in a city like Toronto can be achingly slow, but Thorne’s focus is on the fact that the thirst for transformation runs deep.

Construction

Housing Starts Rise 3% In January, Propped Up By Purpose-Built Rental

But any optimism for the rest of year is tempered by trade uncertainty as experts warn of the potential drag on housing construction.

Mortgages

Experts Caution Against Blanket Appraisals, Calling It A “Questionable Practice”

Blanket appraisals have been around for 30 years, but in today’s market, they could come with more risk than they’re worth.

Real Estate News

Toronto Real Estate Board Forecasting 'Buyer-Friendly' 2025

Slower price growth is expected to entice waiting buyers to come off the sidelines in the year ahead, as will lower borrowing costs. While polling also shows around two-thirds of renters would 'seriously consider' homeownership amid further rent increases.

Multifamily

Brampton Development Site Planned For 3 Towers Sold Under Receivership

With over $10M in debt linked to the property by late 2023, the site was placed under receivership on February 8, 2024.

Taxes

Chow Sticks To 6.9% Property Tax Hike In ‘Mayor’s Budget’

“I understand that it is challenging for many across the city,” Chow wrote in a mayoral decision. “That’s why with this increase, we are expanding property tax relief programs.”

Economy

Bank Of Canada Cuts Interest Rate Down To 3%, Lowest Since 2022

Wednesday’s quarter-point cut is in line with messaging that Governing Council will be taking a more “gradual approach” to monetary policy, after delivering 50 bps cuts in both October and December.

Construction

Ontario Only Added 40% Of The New Homes It Needs To Keep Up With Population

Estimates show that Ontario needed to start 200,000 new homes to keep up with the rate of population growth last year and achieved just 82,000.

Policy

Toronto Looks To Permit Fiveplexes, Sixplexes In Scarborough North

A “city-wide sixplex study” is set to be delivered to Toronto City Council by the fourth quarter of this year.