BNN Bloomberg just published this article on the Toronto condo market. It is based on a roundtable discussion that was held at their Toronto office last week with Jim Ritchie of Tridel, Jared Menkes of Menkes Developments, Shamez Virani of CentreCourt, and Jane Renwick of Diamond Kilmer Developments.

The overarching theme is that, after a couple of frenetic record setting years, the market should settle down in 2019, which is likely a good thing. Hopefully that will also temper construction cost inflation. We have been seeing double digit increases over the last few years (hence some of the cancelled projects).

But as Jared points out, the fundamentals here are still strong and there are a number of supply constraints creating upward pressure on pricing:

Jared Menkes, executive vice president of high-rise residential at Menkes Developments was unwavering for the future. “There’s a lot of red tape that’s slowing down bringing more product to market,” Menkes said. “I promise you, pricing is going up.”

For the rest of the article, click here.

I was at a Proptech dinner earlier this week (graciously hosted by Venturon) and I was introduced to the International Blockchain Real Estate Association (also known as IBREA). I feel like I should have known about this group. They have over 5,000 members and host an annual summit focused on blockchain + real estate.

They have several videos from this year’s summit up on their website – everything from blockchain for titles to the tokenization of real estate assets. There are also a number of industry working groups that have been set up, which bring companies together around specific problems and ambitions (such as, creating a universal property identifier).

To get you started, here is Blockchain Real Estate 101. If you can’t see the video below, click here.

[youtube https://www.youtube.com/watch?v=1WcLOcWyfHk&w=560&h=315]

BNN Bloomberg just published this article on the Toronto condo market. It is based on a roundtable discussion that was held at their Toronto office last week with Jim Ritchie of Tridel, Jared Menkes of Menkes Developments, Shamez Virani of CentreCourt, and Jane Renwick of Diamond Kilmer Developments.

The overarching theme is that, after a couple of frenetic record setting years, the market should settle down in 2019, which is likely a good thing. Hopefully that will also temper construction cost inflation. We have been seeing double digit increases over the last few years (hence some of the cancelled projects).

But as Jared points out, the fundamentals here are still strong and there are a number of supply constraints creating upward pressure on pricing:

Jared Menkes, executive vice president of high-rise residential at Menkes Developments was unwavering for the future. “There’s a lot of red tape that’s slowing down bringing more product to market,” Menkes said. “I promise you, pricing is going up.”

For the rest of the article, click here.

I was at a Proptech dinner earlier this week (graciously hosted by Venturon) and I was introduced to the International Blockchain Real Estate Association (also known as IBREA). I feel like I should have known about this group. They have over 5,000 members and host an annual summit focused on blockchain + real estate.

They have several videos from this year’s summit up on their website – everything from blockchain for titles to the tokenization of real estate assets. There are also a number of industry working groups that have been set up, which bring companies together around specific problems and ambitions (such as, creating a universal property identifier).

To get you started, here is Blockchain Real Estate 101. If you can’t see the video below, click here.

[youtube https://www.youtube.com/watch?v=1WcLOcWyfHk&w=560&h=315]