Our cost consultant, Finnegan Marshall, gave our team a presentation today on what’s happening with construction costs in Toronto and across Canada. I’ve said this before, but hard costs are no joke right now. One of the areas that they focused on was the impact… Read More
Last week I wrote about a project in New York by DDG Partners called 100 Franklin. If you missed it, go here. I didn’t, however, say much about the developer. Though at the time I was wondering why their website was no longer up. DDG… Read More
Sundae, which is a residential real estate marketplace that connects distressed sellers and/or dated properties with potential investors, has just raised $80 million in Series C funding. Since its founding in 2018, the company has raised a total of $135 million. The marketplace is largely… Read More
The Greater Toronto Area builds a lot more condominiums than purpose-built rental units. This isn’t the case everywhere though. I was recently reading an article about Salt Lake City and how developers there don’t want to build condominiums. It’s mostly rental housing. There’s simply too… Read More
One of the debates I came across on Twitter this week was about multi-tenant houses (also known as rooming houses) in Toronto. Currently, they are allowed in the former city of Toronto, parts of Etobicoke, and in York. But they are illegal everywhere else in… Read More
@OceanJangda shared a great article with me today about “the psychological benefits of commuting to work.” It is excellent, it cites a lot of psychological research, and I would encourage all of you to give it a read. While it is never fun getting on… Read More
Levered assets, such as real estate, tend to have prices that are correlated with interest rates. Lower rates usually translate into higher asset prices. We are living through this kind of environment right now. And so it is generally valuable to have a view on… Read More
This is an interesting chart from the New York Times showing the breakdown of (real estate) uses across the largest downtowns/CBDs in the US. It was put together using satellite data and data from CoStar, including their boundary definitions for each downtown/CBD. The point of… Read More
One of the ways to try and keep tabs on where people are moving is to look at the number of permanent address changes. Another way is to look at the number of one-way U-Haul trucks that enter versus leave a particular state. And it… Read More
Here are some interesting figures from a recent Statistics Canada article about Canada’s national net worth. In the first quarter of this year, Canada’s national net worth increased by over $1 trillion or 7.7% to reach nearly $15 trillion. This is, as I understand it,… Read More
