Zakiya Kassam
Zakiya has reported on real estate for Apartment Therapy, Curbed, and Post City Magazines. She also writes a quarterly series for a Canadian design publication.
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
Montreal, Ottawa Lead National Home Sales To Best August Since 2021
National home sales have picked up 12.5% since March, and CREA economists are optimistic for a more active fall.
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.”
Construction
Latest CMHC Report Confirms What We Already Know — Toronto Is In Crisis
The federal housing agency says that Toronto is in for its lowest level of housing starts in 30 years.
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
Fengate Forges Ahead With “Landmark” Purpose-Built Rental Site Zoned For 44 Storeys
Fengate Asset Management announced that it had closed on the sale of the site at 4-10 Beamish in Etobicoke in mid-July.
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.
Development Projects
Former Ontario Association Of Architects Headquarters To Anchor 31-Storey Rental
50 Park Road in Midtown Toronto was also the offices of architecture, landscape architecture, and urban design firm DTAH.
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.”
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