Zakiya Kassam
Zakiya STOREYS Associate Editor. She 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
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
“The continued weakening in condo market conditions during the second quarter of 2024 is likely to cause more projects that were slated to launch this year to remain on hold, while others that are struggling to meet sales thresholds for construction financing may ultimately be 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.
Development Projects
35- And 39-Storey Condos Proposed Near “Under-Utilized” Glencairn Station
Osmington Gerofsky Development Corp has set sights on a stretch of single-detached houses just a stone’s throw away from Glencairn subway station and a 15-minute walk from the future Eglinton Crosstown LRT.
Industry
Buyer Found For Vandyk’s King’s Mill Site Under Receivership
As part of the sale of the property to PAD Investments Ltd., it appears that existing pre-sale agreements will be terminated per a notice sent to buyers of The King’s Mill project on June 28.
Renting
Brampton Announces Fines Up To $1,200 For Unlicensed Landlords
Landlords that fail to comply with the city’s rental licensing pilot will face a $600 fine for first offences, a $900 fine for second offences, and a $1,200 fine for third and subsequent offences.
Industry
Developer Behind Richmond Hill Townhome Project Owing $22.5M In Receivership
The receivership order over King Development Inc. extends to include a stacked and freehold townhome development at 8, 10, 12, 14, 16, and 18 Bostwick Crescent, and 2, 6, and 8 Bond Crescent in Richmond Hill.
Economy
“More Likely Than Not”: CIBC Sticks To July Interest Rate Cut Prediction
May’s inflation uptick has had some experts faltering on their previously-held belief that the central bank will cut rates again this month — however, CIBC’s Avery Shenfeld is not in that camp.
Industry
Mississauga Industrial Development Sites In Receivership Await Sales Approval
The undertakings at 759 Winston Churchill Boulevard, 688 Southdown Road, and 2226 Royal Windsor Drive have been mired in receivership proceedings since mid-February.
Load more