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The Numbers Game
Ben Myers President, Bullpen Consulting

What will Toronto’s condo market look like in the next five years?

Ben Myers Residential Buying and Selling Toronto / GTA Aug. 20 2019
If you’ve followed Toronto’s new condominium market over the past 10 years, it’s been quite a ride. At the start of 2009, it was all doom and gloom, as the U.S. housing market crash and global contagion had the Toronto

Will higher development costs affect GTA high-density land prices?

Ben Myers Residential Transactions Toronto / GTA Apr. 25 2019
The rate of price growth for new condominium apartments in the Greater Toronto Area has finally started to calm down after several years of rapid appreciation. Unsold new condo prices jumped by approximately 40 per cent in 2017 and 15

Toronto condo market: Will it follow Vancouver, N.Y. or Phoenix?

Ben Myers Residential Development Toronto / GTA Aug. 2 2018
About 10 years ago, you’d often see new condo investor marketing pieces with projected carrying costs for a specific unit spelling out the monthly mortgage payment, condo fee, taxes and expected rental rate at completion. At the time, there were

Who sets new homes prices, the market or developers?

Ben Myers Residential Affordable Housing Ontario Jun. 14 2018
A frequent talking point among southwestern Ontario new condominium and apartment developers this year is the sharp increase in construction costs. Ronnie Mandowsky of Pelican Woodcliff Inc., whose firm offers cost consulting and quantity surveying services, notes that trades with fixed-price contracts

Can mid-sized homebuilders survive influx of public money?

Ben Myers Residential Homebuilders Toronto / GTA Apr. 26 2018
When I started my real estate career 15 years ago in Texas, most of the major homebuilders in Dallas operated across the state, and many were publicly traded companies with offices across the United States. When I moved back to

Should the Ontario Municipal Board be overhauled?

Ben Myers Residential Development Ontario Sep. 21 2017
In Toronto, people regularly complain they can’t find an affordable place to buy or rent, but they also complain the city is overrun by condominiums and developers have run amok, filling the skyline with glass towers. Have they ever considered

Does Toronto have a condo-flipping problem?

Ben Myers Residential Market Trends Toronto / GTA May. 11 2017
Ontario’s Minister of Finance Charles Sousa recently railed against “property scalpers” in the Toronto new housing market, and the recently announced Fair Housing Plan places increased scrutiny on pre-completion assignments. Given the more modest new condominium price growth between 2012

If you hate condos, you should hope that more get built

Ben Myers Residential Market Trends Toronto / GTA Sep. 30 2016
A lot of people don’t like condominium apartments, they would never live in them, and they don’t like that they have sprouted up like weeds in Toronto, Vancouver, Calgary, Edmonton and Montreal. People complain about shoddy construction, the painful experience

The greenbelt’s collateral damage

Ben Myers Commercial Development Toronto / GTA Jun. 14 2016
The Ministry of Municipal Affairs and Housing announced in May that Ontario is proposing to grow the Greenbelt. Ontario’s Greenbelt is an area of green space, farmland, forests, and watersheds, and is one of the largest bands of permanently protected

Are millennials still interested in buying homes?

Ben Myers Residential Market Trends Ontario Mar. 31 2016
Canada is in the midst of a rental housing boom and every major city is building at near-record-level highs. As of February, there were 2,307 rental units under construction in Calgary, compared to the 20-year average of 359 between 1995 and 2014.

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