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Steve McLean

Business Writer

More about the author

Steve McLean

Business Writer

Steve is a veteran writer, reporter, editor and communications specialist whose work has appeared in a wide variety of print and online outlets. He’s the author of the book Hot Canadian Bands and has taught reporting to college students. He is based in Toronto.

Why Toronto’s distressed real estate may not bottom out until 2028: ULI

Steve McLean Commercial Distressed Properties Toronto / GTA 46 minutes ago

A correction and stabilization phase is underway in Toronto’s distressed real estate market, but industry experts caution that a broader bottom may stretch into 2027 or 2028 as lenders and developers navigate an unprecedented inventory overhang.

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Alberta Atlantic Canada Banff British Columbia Calgary Charlottetown Edmonton Greater Montreal Greater Toronto / GTA Halifax Hamilton International Jasper Lethbridge Manitoba Metro Vancouver National Nova Scotia Ontario Ottawa Quebec Quebec City Regina Saskatchewan Saskatoon Surrey Toronto / GTA Victoria Waterloo Winnipeg Yukon / NWT / Nunavut
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