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Canada real estate news roundup
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Date: May 18th, 2022
Name of podcast: Altus Insights Podcast Series
Episode title and number: Canada real estate market news roundup
Episode summary: It’s been a hot minute since the National State of the Market presentation we hosted in February, 2022, so this episode serves as a special conversation between Marlon and Ray on all the changes they’ve observed in the Canada real estate market since then. It’s a little bit of good news, a bit of bad news, some opinion, and probably 100% of your daily value in gruff from Marlon.
Panelists in this episode:
- Raymond Wong is the Vice President of Data Operations for Altus Group’s Data Solutions team. Overseeing 60+ researchers across Canada, Ray’s primary responsibility is to ensure data collection is all encompassing, reliable and accurate and that it adheres to the Altus Group data governance guidelines. Ray works closely with both internal and external clients to ensure the information meets their needs and that it is both accurate and timely. He also regularly presents on key market trends to clients and at industry events.
- Marlon Bray is the head of Altus Group's Ontario pre-construction and contract administration services as part of the Cost and Project Management team. With over 25 years of experience, specializing in budgeting, value optimization, and providing visibility on risk through the entire lifecycle from early due diligence through to completion. Marlon oversees a team that leads the way with cutting-edge estimating technology and data analytics, bringing a greater level of transparency, and added value to all projects he is involved with.
Key topics:
01:10 – Q4 2021 performance afterglow
02:33 – Expectation on returns
03:23 – Increased property activity – retail & office
04:36 – Leasing activity
05:27 – Homage to Avi
05:42 – Challenge snowball for construction
07:55 – Construction levels
08:42 – Government policies
09:36 – Housing supply
11:02 – Inflation and interest rates
14:30 – Uncertainty in the market driving cautiousness
20:39 – Silver linings in the market
Referenced in this episode
· 2022 National state of the market presentation
· CMHC releases first series of reports on housing supply
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