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
Economy
The BoC Came Through With A Rate Cut. Economists Are Already Anticipating Another
Economists with CIBC, BMO, and Desjardins are optimistic that the Bank of Canada will deliver on a third interest rate cut in September.
Real Estate News
More Than 75 New Condo Projects On Hold In GTHA Amid “Dislocated” Market
“We need a combination of lower rates, higher resale prices, and higher rents for the math to work again for investors,” Urbanation's Shaun Hildebrand tells STOREYS.
Taxes
Easing Does It: Bank Of Canada Lowers Interest Rate By Another 0.25%
Wednesday’s cut brings the policy interest rate down to 4.5%, and was by and large anticipated by economists with Canada’s ‘Big Five’ banks.
Economy
Where Every Big Bank Stands On Tomorrow's Interest Rate Announcement
Recent data releases have been encouraging on the interest rate front, and economists with CIBC, RBC, and BMO are optimistic that we will see a quarter-point cut from the Bank of Canada tomorrow.
Industry
OREA CEO Tim Hudak Steps Down After Seven Years
Tim Hudak has revealed to OREA members that he is stepping down as chief executive officer, effective August 2, 2024.
Real Estate News
Canadian Cities Are Moving Into Buyers’ Markets, But Experts Say That Buyers Aren’t Biting
“For a buyers’ market to truly exist, you need to have real buyers.”
Development Projects
Less Than A Year After Launch, Capital Developments’ Yorkville Flatiron Breaks Ground
“It's not just a big milestone for Capital Developments, I think it's also a really big milestone for the whole industry.”
Real Estate News
"A Record High": Nearly 26,000 New Condo Units Going Unsold In GTHA
Amid weak condo market conditions, more projects are expected to be put on hold or ultimately pulled from the market.
Construction
Housing Starts Are Buckling Under Interest Rates — And Cuts Aren’t Going To Save Them Anytime Soon
We may have gotten some good news on the rate cut front with the latest inflation dip, but economists with CMHC have warned that a “partial rebound” in starts activity isn’t expected until 2025, or maybe even 2026.
Industry
Ottawa Shopping Mall Makes A Comeback From Receivership Order Issued In June
As far as receiverships go, things have taken an atypical turn for the Ottawa Train Yards, which were involved in an appointment order in early June amid allegations of a $40M debt.
Development Projects
Liberty Development Unveils 36-Storey Condo To Kick Off Six Points Plaza Redevelopment
The multi-phase project was approved by the City in July 2023, and will see Liberty Development bring buildings ranging from eight to 45 storeys to the site of the popular Etobicoke shopping mall.
Real Estate News
It’s Been One Year Of Olivia Chow. Here’s What She’s Done For Housing
In her first 12 months, Chow’s housing record has seen her already make good on many of her campaign promises, staying true to her emphasis on affordable housing and proving to be a champion for renters.
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