Development land in major Canadian markets is in dwindling supply and ever increasing in value. We are joined by Jeremiah Shamess, a development land specialist with Colliers International, to discuss. Here are the highlights;
- The subjective nature of determining land value.
- Sourcing new land opportunities. “If it hasn’t had an unsolicited offer on it, it’s probably not a good parcel of property”.
- The push for mid-rise development.
- Luxury mid-rise developments targeted at down-sizers (article).
- Land assemblies, including a recent transaction completed by Jeremiah.
- Land banking in the GTA.
- Jeremiah’s role as a “land quarterback” for his clients.
- Types of land finance – lenders, VTB, private.
- Environmental issues – one of the few things that will absolutely kill the financing of a property.
- “There is a glut of capital in the market and everybody wants to control property in downtown Toronto”.
- The types of foreign buyers in the market, and the answer isn’t what you think.
In the News…..
Blame the Banks For all Those Boring Chain Stores Ruining Your City via Bloomberg
A bit about our guest….
Jeremiah advises land owners and property owners on highest and best value through proper sale of lands. Land and redevelopment land dispositions & acquisitions specialist in the Greater Toronto Area, with a particular concentration on residential development land sites: low, medium and high density.
With capabilities in:
•Land Sales
•Greenfield Studies
•Mixed-Use Redevelopments
•Historic Property Re-positioning
•Density Studies
•Land Assembly Strategies
•Zoning Hurdles
•Architectural Considerations
•Market Analysis
•Financial Analysis
Jeremiah Shamess LinkedIn
A bit about Colliers International…..
Colliers International is Canada’s largest commercial real estate services company, providing a full range of services to real estate occupiers, developers and investors. Services include brokerage, real estate management, valuation, consulting, project management, project marketing and research. Through a culture of service excellence and a shared sense of initiative, Colliers Canada and our more than 1,700 professionals integrate the resources of real estate specialists across Canada to accelerate the success of our clients.
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