Welcome to the CRE podcast, 100% Canadian, 100% commercial real estate. What if the down cycles everyone fears are actually the best entry points for disciplined capital?
In this episode of the Commercial Real Estate Podcast, powered by First National, hosts Aaron Cameron and Adam Powadiuk welcome back returning guest Jeremiah Shamess, Executive Vice President at Colliers and head of the Private Capital Investment Group. Jeremiah revisits his previous market calls from 2016 and 2022 to examine where Canada’s commercial real estate market stands today. He unpacks why income-producing properties and urban residential land are reaching their bottoms, how private capital and family offices are navigating current yield compression, and why patient long-term planning will set up operators for success as supply deficits loom later this decade.
The conversation explores structural shifts in capital allocation, comparing the risk-averse posture of institutional capital against the agile approach of family offices who are positioning for the next cycle. Jeremiah breaks down the realities of development land economics, the impact of high absorption rates in purpose-built rental markets, and the historical duration of Canadian real estate cycles. From street-front retail challenges to suburban office opportunities, this episode provides a data-grounded overview of how operators can navigate today’s pricing discovery phase to capture long-term value.
What You Will Learn
- How to identify market bottoming signals across multifamily, office, and development land.
- Why Canadian real estate cycles historically take 8 to 11 years to fully play out.
- The critical difference between private family office strategies and institutional hurdle rates in today’s market.
- How current rental absorption numbers signal an impending supply deficit by 2028–2029.
- How to underwrite development land opportunities at today’s compressed land values.
- Why risk-adjusted returns in suburban office and urban multifamily are attracting opportunistic capital.
Jeremiah Shamess is an Executive Vice President at Colliers and heads the Private Capital Investment Group. With over a decade of experience in commercial real estate brokerage, Jeremiah specializes in asset sales across development land, multifamily, urban office, retail, and industrial properties across the Greater Toronto Area and Canadian markets.
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