Following yesterday’s post about the most expensive home in Brooklyn’s Dumbo, Jed Bryne of Oak City CRE fame shot me a note asking about the typical land multiple that developers need in Canada in order to make a project feasible. In other words, if your… Read More
Today, Slate Asset Management announced its latest condominium project: Corktown. Named after its neighborhood, Corktown is located in downtown Hamilton just south of the GO Centre station. If you’re a longtime reader of this blog, you might remember that I first wrote about this site… Read More
If you’re building a multi-family rental building, you’re almost certainly building it “on spec.” What this means is that you’re building an empty building and, once it’s done, you will then work to rent it out. (Nobody rents an apartment years in advance.) In this… Read More
A rezoning submission was recently filed with the City of Vancouver for two towers on Alberni Street in the West End. Designed by Heatherwick Studio for Bosa Properties and Kingswood Properties, this will be the design firm’s first high-rise project in the country when built.… Read More
There are many development narratives that I don’t quite understand. (I’m thinking of Toronto, but you can probably replace Toronto with any number of global cities for this discussion.) One is the belief that our transit network is full and so no new development should… Read More
Every year my friends at Urban Capital publish an annual magazine called Site. And every year it contains some great articles about the real estate development industry across Canada. (Some of you may also remember that I’ve written a few articles for it in previous… Read More
Condo developers are merchant builders. They build a project and then move on. Because of this, there’s a belief that there’s little incentive to build for durability, in comparison to say purpose-built rental buildings where the developer might continue to own over an extended period… Read More
A few weeks ago, I tweeted that I was creating a simple email newsletter that would notify you of new planning/development applications (and updates) near where you live (in Toronto). About 100 people subscribed following that tweet and we then spent the following few weeks… Read More
Today I’m excited to announce that the Junction House Sales Gallery has just received a Best of Canada Award (2019) from Canadian Interiors. Link, here. Shout-out to Dialogue 38, Vanderbrand, Unique Urban Homes, Superkul, and the rest of the team for making it happen. We… Read More
Urbanation released its Q3-2018 condo market results for the Greater Toronto Area earlier this month. Here are a few highlights: – The unsold inventory of new condos in development is currently 33% below the 10-year average of 14,806 units. – Year-to-date sales of new condominiums… Read More
BRANDON DONNELLY 