Tim Hortons is a popular coffee chain in Canada (and elsewhere in the world). And every year, similar to other coffee chains, they adopt special Christmas/holiday cups. In the early 2000s, the designs they used were from an illustrator by the name of Gary Alphonso. His work can be found, over here. Today, his cups and other packaging designs are considered vintage. And so if you search online, I'm sure you can find someone reselling them.

Here's what the cups look liked:

And here's what this illustration looks like unrolled:

It's a romantic notion of winter. There's kids making a snowman. People skiing and walking with snowboards. People drinking beverages (presumably from the nearby Tim Hortons) while being pulled on horse-drawn sleighs in a large public space. And in the background, there's a mixed-used main street with Tim Hortons naturally at the center of it. It's a kind of ideal winter moment. But to what extent is this a fantasy?

According to the 2021 Canadian Census, approximately 78.4% of the Canadian population living in our 11 largest CMAs (census metropolitan areas) lived in a suburb. Only about 21.6% lived in an urban core (either a downtown or an inner ring). So for the majority of Canadians, it is statistically probable that this an uncommon winter scene (never mind, for a second, the horses and stuff). A more likely scenario might be a suburban Tim Hortons with a drive-thru window.

I find this ironic. I find it ironic that the places we yearn to visit on vacation and the places we romanticize on coffee cups tend to be different than the ones that the majority of Canadians choose to live in. In fact, if you ask people across North America (this is a survey covering the US), the majority often say that they would prefer to live in a community where the houses are further apart and where you need to travel/drive to things.

Is it because we all just like fantasies on our coffee cups, or could it be that we've simply forgotten how to build walkable mixed-use communities?

Images by Gary Alphonso via i2i Art

The years seem to only go by faster. December, in particular, is always a hectic month with social commitments. There never seems to be enough time. Then, all of a sudden, everything stops. Billions of people around the world slow down and unplug for the holidays. I'm the kind of person who is allergic to free time. I always want to be doing and accomplishing something, and that has consequences every now and then where I run out of steam. So Christmas is a good time for me in multiple ways.

It's been an eventful year. I left Slate to focus 100% on Globizen. Bianca and I got married in the summer, and then travelled around the mediterranean for a few weeks in August. One Delisle progressed substantially (we poured the level 10 slab right before the holidays). Project Bench received its zoning approvals. We completed Parkview Mountain House in Park City (bookings are now open). And we also laid the groundwork for a bunch of new projects and real estate strategies that I'm really excited about for 2025.

But until then, I'm going to enjoy celebrating Christmas and the holiday season. I'm highly suspect of any religion created by people (I guess that's all of them), but I do love celebrating Christmas and I do appreciate my upbringing more and more the older I get. Bianca and I went to church when we were in Mallorca in the summer and, even though we understood exactly 0% of the mass and it was a sauna inside the cathedral, we both enjoyed it. Later today, I'll be going to church with my mom.

I don't love the shopping part of Christmas -- it can be stressful. A simpler Christmas is probably better. I come back to something that Justin Welsh recently said about modern luxury. He defined it as the ability to "think clearly, sleep deeply, move slowly, and live quietly in a world designed to prevent all four." These are likely good things to focus on at this time of year with your closest family and friends. Merry Christmas and happy holidays, everyone.

For those of you who celebrate, I wish you a Merry Christmas.

This year has been a hectic year for many; certainly for those of us in real estate. I've heard a lot of people tell me that they've "never worked so hard only to feel like they have accomplished so little."

Looking back at what I wrote on the first day of this year, I was wrong about many of my 2023 predictions. I thought the interest rate hikes would be over by the first quarter of the year and that the spring would bring greater optimism for new development projects.

This was partially true -- we did see some buoyancy around spring -- but then further increases over the summer really quashed the pre-construction condominium market and overall developer sentiment for basically the rest of the year.

I also thought that we would see distress within the industry in the first half of the year. That didn't quite play out, as far as I can tell, and I now think that 2024 will be the year for this.

All of this said, I do feel that 2023 was a highly productive year. I'm proud of what I accomplished both personally and professionally. And this holiday season, I'm looking forward to slowing things down, spending time with family and friends, and catching up on some life management.

Hopefully you are all able to do something similar. Merry Christmas, everyone.