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
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
Toronto Considering DC Deferrals, Property Tax Cuts For Purpose-Built Rentals
Toronto City Council is due to consider a new Purpose-Built Rental Homes Incentive on November 13.
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?
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