Today we’re talking residential development in the Greater Toronto Area (GTA). President of Urbanation and previous podcast guest Shaun Hildebrand joins us to discuss the drivers of supply and demand for condominiums within the GTA.
The last time we spoke with Shaun (previous episode), the market was adjusting to the idea that condos were not over-built in Toronto. Fast forward 20 months and the condo market is at an all time high and prices continue to increase with a record number of new projects and pre-construction sales in 2017.
Topics covered include:
- How the condominium market has remained so resilient.
- Moving up and downsizing, and the effect it has on the market.
- Cost of living and the need for companies to keep and entice talent in the GTA.
- What the demise of the OMB (Ontario Municipal Board) means for developers.
- Is it more cost efficient to rent or own?
- How the LRT expansion is affecting specific sub-markets.
A bit about our guest…
Shaun leads the team at Urbanation, setting the research agenda and guiding the analytics that form the company’s market insights. He has acted as a key spokesperson for the industry for several years, providing regular commentary to the media, delivering presentations at numerous events and preparing research and forecast reports to a wide variety of stakeholders. Shaun has a Master’s Degree in Economics from Carleton University, and prior to joining Urbanation he managed the GTA housing market analysis team for the Canada Mortgage and Housing Corporation (CMHC).
Shaun Hildebrand LinkedIn