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September 12, 2013

The Hungarian House on St Clair

I was driving down St Clair West yesterday and I noticed that Urbancorp had erected a marketing sign on their site at 836 St Clair Ave West (former Hungarian House) and was in the midst of constructing a sales office.

The project is called The Homes of St. Clair West and it looks like it’ll be a promising set of semi detached houses. However, if you look at the City of Toronto’s Development Application website, the site shows a mixed use project with almost 100,000 square feet of residential space and roughly 12,000 square feet of retail space.

I’m not sure how to reconcile what’s planned for site, but I have two things to say:

First, I think it’s a damn shame that the Hungarian House was even torn down in the first place. I’m not exactly sure when it was built, but I thought it was an interesting building with lots of potential to be incorporated into a new mixed use project. We really need to get better at preserving the history that we do have in this city.

Second, if they’re planning townhouses along St Clair Avenue then I think it’s absolutely the wrong type of development for that street. St Clair deserves midrise. Let’s hope that’s what they have planned.

August 30, 2012

Real Estate Startups: Supply Side or Demand Side?

I was reading True tales from the real estate wars of 2012 (Toronto Life) this morning and reminded me that, first, Toronto real estate remains a topic everyone seems to love to talk about and, second, that most real estate startups are focused on the supply side of real estate. 

One thing I always find when I tell people I work in real estate is that they automatically assume I’m in sales. Sales are only one part of the real estate business — albeit an important one — but still only one part. As a result of this automatic association, I find that real estate startups tend to centre themselves around creating better listing platforms.

Another way of thinking about this is that they’re focused on the supply side of real estate. When real estate comes up for sale, available supply is increased. How do I then improve the way these listings are delivered to the marketplace?

But what about the demand side? If you read through Tale #1 from the real estate wars article, you’ll see that Matthew Slutsky and Carlie Brand ended up canvassing a St Clair West neighbourhood in order to find a private sale (after losing a few bidding wars). A smart and proactive move, for sure. 

However, why is there no easier way to do this? We’ve all been so focused trying to improve listing delivery that we’re forgetting that there are owners out there who are willing to sell given the right opportunity. 

This is one of my primary goals with Dirt. I want people to engage with real estate all the time — not just when they’re looking to buy/sell — and I want to shift the focus to the demand side of real estate: what neighbourhoods do people like, what houses do they like, what’s happening with this property, etc.

I’m reminded of a piece I recently read by Matthew May called Observe First, Design Second: Taming the Traps of Traditional Thinking. Often we can be so quick to jump to final solutions that we forget to take a step back and contemplate whether or not we’re even headed in the right direction.

If you like building mobile apps and are interested in real estate, I’d love to hear from you. Feel free reach out at @donnelly_b.

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Brandon Donnelly

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Brandon Donnelly

Daily insights for city builders. Published since 2013 by Toronto-based real estate developer Brandon Donnelly.

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