Category Archives: Industry News & Commentary

Rent Control Isn’t The Whole Story

      No Comments on Rent Control Isn’t The Whole Story

Generally speaking my visits to LinkedIn are rare but not long ago I checked in for a few minutes and happened to see the following post (dated August 30th) made by a marketing person in the industry: “When rents surge and supply gets tighter (like it is now) it becomes easy to forget the paradoxical fact that renters are the… Read more »

‘Streamlining’ Development

      No Comments on ‘Streamlining’ Development

Last weekend (Sunday, June 5) the Toronto Star newspaper published an article written by Donovan Vincent which examined the mismatches between regulatory reality of Ontario’s planning process and the political promises of the re-elected Doug Ford government. The last topic in the article caught my eye. It was about so-called “streamlined development,” an initiative by the Ford government to encourage… Read more »

The Alternative To Apartment Buildings

      No Comments on The Alternative To Apartment Buildings

Recently I’ve been digging through an old MS Word document into which I copy-and-pasted interesting anecdotes and funny jokes I came across whilst wandering around the interweb over the years. The following quote (source unknown) caught my eye: An alternative to apartment buildings would be neighborhoods full of tiny houses. Read it again, and then read it a few more… Read more »

Silent Running…

      No Comments on Silent Running…

Each day I receive hundreds—no, thousands!—of emails from readers hungry for more posts and wondering why I haven’t posted in a few months. The explanation is that I have some articles in the hopper and ideas for a lot more, but I’m waiting for all of the data from the 2021 Census to be released so I can incorporate the… Read more »

Pandemic Affects On Multi-Family Housing

      No Comments on Pandemic Affects On Multi-Family Housing

Canadian Apartment (Magazine?) posted last week an article about “rent slippage” among multifamily rental properties caused by the pandemic. The article was written by Barbara Carss of Canadian Property Management. The article can be read in full via the following link. https://www.reminetwork.com/articles/multifamily-rent-slippage-deemed-temporary-blip/ Most of the article reports on the findings of an index prepared by MSCI which tracks net operating… Read more »

Focusing On Your Client’s Needs

      No Comments on Focusing On Your Client’s Needs

One of the many things I’ve learned over the years from consulting work is that in most cases what your client needs is 100% at variance from what you think they need, and often 50% at variance from what they tell you they need. In other words, it’s easy for consultants to make assumptions about what their clients need, and… Read more »

How We Got Into This House Price Problem

      No Comments on How We Got Into This House Price Problem

The following paragraphs are from a Toronto Star newspaper article (dated December 4th, 2021) on GTA house prices and affordability. It’s a good summary of how we got where we are. Kean Birch, as associate professor at York University, said because housing as an investment has historically paid off, those who can afford it are signing up for huge debt… Read more »

Being Proven Right Takes Time

      No Comments on Being Proven Right Takes Time

One of the biggest frustrations with real estate consulting is having to wait to find out whether you’re right or wrong. Because most development projects, especially multi-unit rental properties, take years to get approved, built, and leased, if you as a consultant give advice to a developer you won’t find out for 3 or 4 years whether your advice was… Read more »

Weathering The 2020 Pandemic

      No Comments on Weathering The 2020 Pandemic

This past Saturday (November 6th) the print edition of the Toronto contained an interview with Dennis Mitchell, the CEO of Starlight Capital. In the interview he was asked how Starlight’s “multi-residential properties” did during the pandemic. His response: The businesses that we own collected well north of 90 per cent of their rent during the pandemic. Actually, during the recovery… Read more »

A Sign Of The Times: The Billionaire Amateur Architect

Charlie Munger is pretty much a household name in the finance and investing worlds, having made his name by becoming wealthy and being Warren Buffett’s investing partner for many decades. Apparently, he also has aspirations to be an architect. Read the article below. What can I say? To give credit where credit is due, his design is well suited to… Read more »