Back in April, the US Census Bureau started running weekly surveys in order to try and assess how COVID-19 was impacting people’s lives. They call this the “Household Pulse Survey.” They’re now up to week 12, with the latest data running up until July 21,… Read More
Urbanation released its Q2-2020 condo market survey results earlier this week. This data represents the first full quarter of sales to be entirely impacted by COVID-19. Not surprisingly, sales activity was way down. But pricing and construction starts actually increased. Here are some of the… Read More
Back in March, SPUR Regional Strategy published a report called: “What It Will Really Take to Create an Affordable Bay Area.” Much of its focus is on all of the housing that the San Francisco Bay Area should have been building over the years and… Read More
I recently discovered and subscribed to Packy McCormick’s “Not Boring” newsletter. So far it’s quite good, and so here I am mentioning it to you all on the blog. In his latest newsletter, he makes the case for why Airbnb and Zillow — the two… Read More
Our first shoring rig was delivered and setup today at Junction House. A second one is on the way shortly. It will take a couple of months to complete all of our caisson piles. If you’d like to learn about how shoring is constructed, check… Read More
The latest condo market data from Urbanation is encouraging. As I reported last month, April was a very slow month, which isn’t surprising given that it was the first full month of lockdown. Residential resales across the Greater Toronto Area were down 67% year-over-year. In… Read More
The New York Times is running an opinion series right now called, The America We Need. It is all about how the US might emerge from this crisis “with a fair, resilient society.” This piece by Carol Galante covers many of the topics that we… Read More
Let’s say that we have a piece of development land worth $100. That is the market value of the land based on its highest and best use at this particular point in time. Now let’s assume that the land was just encumbered with a new… Read More
Today I am going to talk about 3 things that recently happened and/or that are on my mind. Sidewalk Labs pulled out of Toronto. I think this is sad. A lot of people have said that they’re surprised, but not surprised. The official reason is… Read More
Somehow — even after I sarcastically put out the above tweet — I ended up on a BISNOW panel next week about the impact of COVID-19 on Toronto’s residential real estate market. When I was asked if I would do it, I replied with: “Does… Read More
