Associate Editor

Retail

Tokyo Smoke Exits Creditor Protection, Most Locations Unaffected By Restructuring

“The majority of Tokyo Smoke's retail locations were unaffected by the restructuring, and there will be no disruption or change to the Company's online business.”

Construction

Purpose-Built Rental Starts “Nearly Quadrupled” In A Decade (And More Are On The Way)

Rental construction is having a “renaissance” in Canada, and we’re seeing that realized in starts, completions, and the uptake of multi-unit insurance products from CMHC.

Mortgages

Canadian Mortgage Delinquencies Ease Amid Bank Of Canada Rate Cuts

While the phrase ‘mortgage delinquency’ may incite feelings of doom, gloom, and dread, a just-released report from Equifax comes through with a (relatively) positive swing.

Development Projects

49-Storey “Landmark” Tower Proposed Steps From Toronto Waterfront

Development plans from Arkfield come less than two months after the real estate group announced that they had completed acquisition of the site at 10 Lower Spadina Avenue on August 26.

Development Projects

Pinnacle Bumps Up Tower Heights For First Phase Of Lake Shore Master Plan

Revised development plans from Pinnacle International ask for increased heights across the board, bringing the proposed storey-count up to 54, 44, and 15 storeys.

Renting

‘Won’t Move The Needle Enough’: Toronto Approves Incentive Stream For Purpose-Built Rental

The program is called the Purpose-built Rental Homes Incentives Stream and, at a high level, it pairs qualifying projects with certain perks, including development charge deferrals and property tax reductions.

Renting

“A Rare Occurrence”: Average Canadian Rent Falls For First Time Since 2021

The national average was pulled down by steep annual rent declines observed in Toronto (-9%) and Vancouver (-8%) as renters flocked to more affordable markets.

Taxes

After “Axe The Tax” Announcement, Poilievre Calls On Premiers To Follow Suit

In a letter to premiers, Poilievre asked to “match my common sense sales tax cut with one of your own by axing the provincial sales tax (where applicable) on new homes under $1 million.”

Development Projects

OLT Approves Redevelopment Of Moriyama-Designed Japanese Cultural Centre

Plans that come from a Originate Developments, Westdale Properties, and Cameron Stephens call for a pair of 48- and 55-storey towers.

Renting

Condo Rents Slide In GTHA As Completions Surge Over 130%

There were over 23,000 new condo units registered across the GTHA between January and September, and that figure represents a 132% increase over the same period last year.

Real Estate News

GTA Condo Supply Is Approaching A Number “The Market Has Never Seen”

How long will it take for almost 40,000 condo units — be those unsold units in development, assignment listings, or resale listings on MLS — to be absorbed into the GTA market?