Brandon Donnelly
Daily insights for city builders. Published since 2013 by Toronto-based real estate developer Brandon Donnelly.
Brandon Donnelly
Daily insights for city builders. Published since 2013 by Toronto-based real estate developer Brandon Donnelly.
I was reading through PwC and ULI’s 2016 Emerging Trends in Real Estate report this evening and a handful of charts stood out to me. They’re not all related to each other, which is why this blog post is called what it is. But I think you’ll find them relevant to many of the things we talk about on this blog.
1. Average home size by country
With all the interest today in “small urban spaces” it’s interesting to see that the average home size for half the countries on this list is somewhere between 500 and ~1100 sf. It’s also amazing to see Hong Kong hovering just below 500 sf.

2) The decline in homeownership in the US
I like to follow home ownership rates because there’s a lot of debate around whether or not this obsession with homeownership – which has been so central to the ethos of countries like the US and Canada – is at all falling out of a favor. This chart shows some pretty significant drops from previous highs.

3) Average home prices and the price to income ratio in major Canadian cities
Not surprisingly, Vancouver and Toronto are the top of this list with the highest average home prices and the highest price to income ratios (i.e. the worst affordability).

4) Drivers as a percentage of all commuters in the US
This chart is similar to what you would see if you looked at vehicle miles traveled. I’ve heard some people say that driving is now once again on the rise, but for the past decade and a half it’s been on a slow and steady decline.

5) Countries buying US real estate
Canada is a big buyer of US real estate. But with the dollar where it is today, I am sure that number is headed downwards.

At the time of writing this post, it’s still 2015 – at least here in Toronto. But by the time you (subscribers) get this post in your inbox, it will be 2016. So happy new year! I am thrilled about getting this year started and I hope you feel the same way.
To kick things off, I thought I would share a great interactive post from Guardian Cities called, A history of cities in 50 buildings. It’s a look at our urban history through 50 important and pivotal buildings. Buildings such as Southdale Center, which was the first fully enclosed, climate-controlled shopping mall, and Chicago’s Home Insurance Building, which was a building that really set the stage for the modern skyscraper that we know today.
Not all of these buildings have left a positive legacy on our cities. I am sure that some of you would argue that the creation of the suburban shopping mall, with its corresponding “sea of parking”, was not a step forward for cities, but a step backwards. The architect behind Southdale Center, Victor Gruen, has even gone on record saying that he refuses “to pay alimony for those bastard developments.” He hated the shopping mall.
But like them or not, these buildings are part of our urban history, and I think it’s not only interesting but important to understand their impacts. If you want to see which important buildings were missed, at least according to Guardian readers, click here. I have to say that I was happy to see both Montréal and Toronto represented in the original list, as well as a few other buildings that I’ve written about here.
On that note, happy new year to you all, again, and many thanks for reading Architect This City. If you have any suggestions for content you would like to see on this blog in 2016, please leave it in the comment section below. This may be my personal blog, but my goal is to make it valuable for all of you. Hopefully I achieve that sometimes.
Thanks to this blog, it’s pretty easy for me to go back and look at what I was doing and thinking throughout the year. That’s one of the benefits of writing a daily blog/journal. And as is usually the case, 2015 was a year of ups and downs.
For my annual ski and snowboard trip with the guys, we went to Banff (Alberta) and Revelstoke (BC). But we got stuck with unseasonably warm weather in the west (the opposite of what’s happening this winter) and I got injured on day 3. That put me in the emergency room and knocked me out of snowboarding for the rest of the season – as well as from the gym for a number of months.
Shortly after that I also got struck with some family health issues. That was pretty scary for a good solid month, but in the end, everything seems to have worked out. What a relief.
Towards the end of March, I did a brand partnership between Architect This City and Porter Escapes, which brought me to Quebec City for a weekend. That was a lot of fun and gave me the opportunity to be a real flâneur in one of the most interesting cities in Canada.
In April, I left my real estate development job at TAS and shortly after I joined CAPREIT (TSE: CAR.UN) to help build out their (real estate) development platform. Previously their/our focus had just been on acquiring existing rental assets. But now it is time to build.
Later this month I also participated in the Toronto filming of a documentary called Waterfront Cities of the World. That was a lot of fun. But come to think of it, I don’t think I ever watched the final video.
In May, I started lobbying hard for the removal/replacement of the eastern portion of the Gardiner Expressway East here in Toronto. If you’ve been reading this blog since the summer, I am sure you remember this period. With the help of a colleague of mine, I even started a petition that ended up getting presented at City Council.
But in June, Toronto City Council voted to demolish and then rebuild the elevated expressway along our waterfront. I am still surprised by that. What a shame.
In July, we (CAPREIT) announced our first joint venture development project. A mixed-use project – 506 rental apartments on top of about 160,000 square feet of retail – in Toronto’s Liberty Village.
In August, I went back to Philly to relive my Penn days. I do that every couple of years just to make sure that Bob and Barbara’s is still offering up “The Special.” The Special is a can of PBR and a shot of Jim Bean for $3. It’s famous in Philly, but it always sounds like a far better idea the night before, as opposed to the morning after.
In this same month I also hit the 2 year mark here on Architect This City. That’s 2 years of getting up every single day and staring at a blank blog post screen and thinking of something insightful to say.
The following month on September 11 (I’ll never forget this date), I got laser eye surgery. More specifically, I got custom wavefront LASIK. And today it’s pretty hard to imagine that I used to have to reach for my coke bottle glasses as soon as I woke up every morning.
Later in September, I also gave a talk at my alma mater, the Rotman School of Management, to a delegation of about 70 urbanists from Portland. It was an honor to be invited alongside rockstars such as Richard Florida and Jennifer Keesmaat.
In October, I featured a guest post from the former mayor of Toronto, John Sewell. I don’t often do guest posts on my blog, but John had just published a new book and I thought it would be a good way to change things up here. John and I aren’t necessarily on the same page with many urban issues, but we did agree on the Gardiner East.
For the remainder of October, it was basically just the Jays.
In November, I spoke at a Product Hunt event focused on real estate + tech. It was incredibly encouraging to see so many entrepreneurs here in Toronto focused on the intersection of real estate and tech. There are lots of opportunities in this space and I am sure that there are many success stories in the making right now. Toronto is the perfect place for real estate + tech innovation.
And finally, in December, I crossed something off my bucket list and attended Art Basel Miami Beach. I have wanted to go for well over a decade; pretty much since I started studying art history in undergrad. I don’t know what took me so long.
Oh, I also announced that I was writing a book on becoming a real estate developer.
What a year. I can’t wait for 2016.
What do you have on your to-do list for next year?
I was reading through PwC and ULI’s 2016 Emerging Trends in Real Estate report this evening and a handful of charts stood out to me. They’re not all related to each other, which is why this blog post is called what it is. But I think you’ll find them relevant to many of the things we talk about on this blog.
1. Average home size by country
With all the interest today in “small urban spaces” it’s interesting to see that the average home size for half the countries on this list is somewhere between 500 and ~1100 sf. It’s also amazing to see Hong Kong hovering just below 500 sf.

2) The decline in homeownership in the US
I like to follow home ownership rates because there’s a lot of debate around whether or not this obsession with homeownership – which has been so central to the ethos of countries like the US and Canada – is at all falling out of a favor. This chart shows some pretty significant drops from previous highs.

3) Average home prices and the price to income ratio in major Canadian cities
Not surprisingly, Vancouver and Toronto are the top of this list with the highest average home prices and the highest price to income ratios (i.e. the worst affordability).

4) Drivers as a percentage of all commuters in the US
This chart is similar to what you would see if you looked at vehicle miles traveled. I’ve heard some people say that driving is now once again on the rise, but for the past decade and a half it’s been on a slow and steady decline.

5) Countries buying US real estate
Canada is a big buyer of US real estate. But with the dollar where it is today, I am sure that number is headed downwards.

At the time of writing this post, it’s still 2015 – at least here in Toronto. But by the time you (subscribers) get this post in your inbox, it will be 2016. So happy new year! I am thrilled about getting this year started and I hope you feel the same way.
To kick things off, I thought I would share a great interactive post from Guardian Cities called, A history of cities in 50 buildings. It’s a look at our urban history through 50 important and pivotal buildings. Buildings such as Southdale Center, which was the first fully enclosed, climate-controlled shopping mall, and Chicago’s Home Insurance Building, which was a building that really set the stage for the modern skyscraper that we know today.
Not all of these buildings have left a positive legacy on our cities. I am sure that some of you would argue that the creation of the suburban shopping mall, with its corresponding “sea of parking”, was not a step forward for cities, but a step backwards. The architect behind Southdale Center, Victor Gruen, has even gone on record saying that he refuses “to pay alimony for those bastard developments.” He hated the shopping mall.
But like them or not, these buildings are part of our urban history, and I think it’s not only interesting but important to understand their impacts. If you want to see which important buildings were missed, at least according to Guardian readers, click here. I have to say that I was happy to see both Montréal and Toronto represented in the original list, as well as a few other buildings that I’ve written about here.
On that note, happy new year to you all, again, and many thanks for reading Architect This City. If you have any suggestions for content you would like to see on this blog in 2016, please leave it in the comment section below. This may be my personal blog, but my goal is to make it valuable for all of you. Hopefully I achieve that sometimes.
Thanks to this blog, it’s pretty easy for me to go back and look at what I was doing and thinking throughout the year. That’s one of the benefits of writing a daily blog/journal. And as is usually the case, 2015 was a year of ups and downs.
For my annual ski and snowboard trip with the guys, we went to Banff (Alberta) and Revelstoke (BC). But we got stuck with unseasonably warm weather in the west (the opposite of what’s happening this winter) and I got injured on day 3. That put me in the emergency room and knocked me out of snowboarding for the rest of the season – as well as from the gym for a number of months.
Shortly after that I also got struck with some family health issues. That was pretty scary for a good solid month, but in the end, everything seems to have worked out. What a relief.
Towards the end of March, I did a brand partnership between Architect This City and Porter Escapes, which brought me to Quebec City for a weekend. That was a lot of fun and gave me the opportunity to be a real flâneur in one of the most interesting cities in Canada.
In April, I left my real estate development job at TAS and shortly after I joined CAPREIT (TSE: CAR.UN) to help build out their (real estate) development platform. Previously their/our focus had just been on acquiring existing rental assets. But now it is time to build.
Later this month I also participated in the Toronto filming of a documentary called Waterfront Cities of the World. That was a lot of fun. But come to think of it, I don’t think I ever watched the final video.
In May, I started lobbying hard for the removal/replacement of the eastern portion of the Gardiner Expressway East here in Toronto. If you’ve been reading this blog since the summer, I am sure you remember this period. With the help of a colleague of mine, I even started a petition that ended up getting presented at City Council.
But in June, Toronto City Council voted to demolish and then rebuild the elevated expressway along our waterfront. I am still surprised by that. What a shame.
In July, we (CAPREIT) announced our first joint venture development project. A mixed-use project – 506 rental apartments on top of about 160,000 square feet of retail – in Toronto’s Liberty Village.
In August, I went back to Philly to relive my Penn days. I do that every couple of years just to make sure that Bob and Barbara’s is still offering up “The Special.” The Special is a can of PBR and a shot of Jim Bean for $3. It’s famous in Philly, but it always sounds like a far better idea the night before, as opposed to the morning after.
In this same month I also hit the 2 year mark here on Architect This City. That’s 2 years of getting up every single day and staring at a blank blog post screen and thinking of something insightful to say.
The following month on September 11 (I’ll never forget this date), I got laser eye surgery. More specifically, I got custom wavefront LASIK. And today it’s pretty hard to imagine that I used to have to reach for my coke bottle glasses as soon as I woke up every morning.
Later in September, I also gave a talk at my alma mater, the Rotman School of Management, to a delegation of about 70 urbanists from Portland. It was an honor to be invited alongside rockstars such as Richard Florida and Jennifer Keesmaat.
In October, I featured a guest post from the former mayor of Toronto, John Sewell. I don’t often do guest posts on my blog, but John had just published a new book and I thought it would be a good way to change things up here. John and I aren’t necessarily on the same page with many urban issues, but we did agree on the Gardiner East.
For the remainder of October, it was basically just the Jays.
In November, I spoke at a Product Hunt event focused on real estate + tech. It was incredibly encouraging to see so many entrepreneurs here in Toronto focused on the intersection of real estate and tech. There are lots of opportunities in this space and I am sure that there are many success stories in the making right now. Toronto is the perfect place for real estate + tech innovation.
And finally, in December, I crossed something off my bucket list and attended Art Basel Miami Beach. I have wanted to go for well over a decade; pretty much since I started studying art history in undergrad. I don’t know what took me so long.
Oh, I also announced that I was writing a book on becoming a real estate developer.
What a year. I can’t wait for 2016.
What do you have on your to-do list for next year?
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