Joining Adam and Aaron today is Frank Magliocco. He is a Partner and Real Estate Leader for PricewaterhouseCoopers Canada. PwC publishes an annual report about the emerging trends in Canadian real estate, which today’s conversation is centred around.
The three analyze different sections of the report and focus on topics of interest. These include diversifying real estate assets in Canada, global urbanization and its effect on real estate, and how lucrative Canadian cities are thought to be. Frank also discusses how PwC collects data for this report.
Topics covered include:
- Frank’s thirty-year history with PwC.
- The positioning of Canadian pensions funds on a global scale.
- The methodology of collecting data for the annual report.
- Oversupply of debt in Canada and how Frank would use this info to guide his clientele.
- Diversification of real estate assets.
- Potential disrupters of the real estate industry.
- Use of artificial intelligence to design buildings in Europe.
- The best picks for investment prospects in the report.
- Differentiating between high-income, moderate, and affordable apartments.
- Problems with time frames and taxes when developing property.
- Urbanization and the huge stress it causes on housing stock.
- The ranking of Canadian cities as good places to invest.
- What Frank foresees in next year’s emerging trends report.
For more commercial real estate content, visit the First National Commercial Resource Centre.
Listen to our previous episode here.
More about our guest:
Frank Magliocco is a partner in the Audit and Assurance Group of PwC Canada working in the Toronto office. He is also the national leader for the Canadian Real Estate practice.
Frank specializes in auditing, accounting and regulatory matters for real estate companies. He provides advice to clients in the broad real estate sector including property developers, residential construction companies, large national office, industrial and retail property owners, and property managers. In addition, Frank’s experience in the real estate sector includes instructing courses at the Real Property Association of Canada (RealPac), where he is a member of RealPac’s Financial Best Practices Committee.
Frank began his career at PwC in 1989 and became a partner in 2001. Prior to focusing on real estate, he provided assistance with acquisitions, reorganization and debt and equity offerings to a number of private and public companies. He has significant experience with Canadian securities regulation, and has provided assistance with public filings.
Frank is a CA and holds a BComm from the University of Toronto.