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
Development Projects
Choice Properties Plans 10- & 35-Storey Rentals Next To Woodbine Station
Six years later, plans have evolved from nine- and 15-storey buildings with 402 residential units to 10 and 35 storeys with 615 units — plus a pre-school space, theatre space, and grocery store.
Condos
Over 2,800 GTHA Condo Units Were Cancelled In 2024 — The Most In A Year Since 2020
“It’s difficult to put a number to it, but there are likely more cancellations coming in 2025,” Urbanation's Shaun Hildebrand tells STOREYS.
Development Projects
Glassy 67-Storey Tower Proposed On Yonge, Steps From Eaton Centre
The proposal would bring 774 new purpose-built rental units to 239-247 Yonge Street.
Mortgages
“The Norm For Some Time”: BMO Calls For Mortgage Rates Below 4% In 2025 Outlook
“There is room for variable rates — currently around 4.7% — to test the 4% level, which would be an important psychological and valuation barrier, but the Bank will have to continue easing.”
Development Projects
Plans Filed For 11 Buildings Up To 42 Storeys Near Kipling Station
Plans from Rinomato Construction go part and parcel with an Official Plan Amendment application to re-designate the site from “core employment” to “mixed use.”
Taxes
Toronto Floats 6.9% Residential Property Tax Increase In 2025 Budget
While 6.9% is by no means slight, it follows last year’s increase that was proposed to be 10.5% and was approved at 9.5%.
Renting
“A Steepening Decline”: Average Canadian Rent Sinks To 17-Month Low
Average asking rent was $2,109 in December, putting it 3.2% below the year-ago level. Nonetheless, the average has climbed 16.8% over the past five years.
Industry
The Canadians Who Earned A Spot On Prestigious US Real Estate List SP 200
Nine Canadian industry leaders, were named on this year's list, including returnees like Royal LePage’s Phil Soper and Carolyn Cheng and TRREB’s John DiMichele.
Policy
What Will Happen To Liberal Housing Policies After Trudeau’s Resignation?
With Conservatives firmly leading the polls, we may have mere months with a Liberal government. What's next for federal housing policy is very much so up in the air.
Real Estate News
“A Transitionary Year”: Toronto Home Sales, Prices Flat In 2024
“All else being equal, further rate cuts in 2025 and home prices remaining below their historic peaks should result in improved market conditions over the next 12 months.”
Policy
Mass Timber Buildings Can Now Be Up To 18 Storeys In Ontario
According to the Province, mass timber offers an "environmental solution for quieter and faster construction with the same fire and structural protection as other building methods."
Economy
What’s In Store For Interest Rates In 2025, According To Every Big Bank
The policy interest rate of could trend as low as 2% by mid-2025, some economists say.
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