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Welcome to Altus Insights Podcast Series. This podcast brings together some of our leading brainiacs at Altus Group to discuss, debate, and on occasion complain about the evolving state of Canada's residential and commercial real estate. Join Ray Wong, Marlon Bray, and Avi Zelver for monthly podcasts covering the latest market and construction cost trends across major markets in Canada.
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Toronto Under Construction

Toronto Under Construction

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Welcome to Toronto Under Construction, a residential real estate podcast hosted by Bullpen Consulting’s Ben Myers and co-hosted by Cameron Stephens’ Steve Cameron. This monthly podcast will dive into the nitty-gritty of Toronto Real Estate, with a specific focus on housing policy and economics. @BenMyers29 @THEONESTEVIEC
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Episode 64 of the Toronto Under Construction welcomes Nick Ainis from Fusioncorp, Marlon Bray from Altus Group and Shane Kennedy from Atria Development to discuss construction and costs in the GTA Real Estate industry with analysis on different asset classes including condo, purpose built rental, student housing, mass timber and more. Tune in now! …
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Episode 65 of the Toronto Under Construction podcast welcomes Ben Smith from Avesdo to discuss how to leverage technology and data analysis to identify trends and insights that will benefit the new home sales industry across Canada. Tune in now! *Sponsored by: BCGi Baron Consulting Group Executive Search*…
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Episode 63 of the Toronto Under Construction welcomes Lauren White from CBRE, Todd Cullen from Fieldgate Properties, Max Goyzman from Peakhill Capital to discuss Land development, financing and the outlook for multiple real estate asset classes in the Greater Toronto Area. Tune in now! *Sponsored by: BCGi Baron Consulting Group Executive Search*…
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Episode 62 of the Toronto Under Construction podcast explores financing, debt, equity and the mortgage market in the greater Toronto area with special guests Jeff Wagner from Marcus & Millichap Capital Corporation, Brian Dorr from Dorr Capital & ReaAlt Investment & Devon Cranson from Cranson Capital. *Sponsored by: BCGi Baron Consulting Group Execu…
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Episode 61 of the Toronto Under Construction podcast dives into the current state of the new condo market in Toronto and explores the predictions for 2024. Guests Pauline Lierman from Zonda Urban, Anson Kwok from Pinnacle International and Andrew Cotz from Tribute Communities share their insights on interest rates, Closings in this new market, pric…
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On episode 60 of the Toronto Under Construction podcast Ben and guest co-host Chris Spoke speak with Rob Spanier about the concept and principles of placemaking and how to use them to build great communities and vibrant neighbourhoods that people actually want to spend time in. *Sponsored by: BCGi Baron Consulting Group Executive Search*…
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Episode 59 of the Toronto Under Construction podcast takes our first deep dive into the marketing involved in the new home pre-construction industry with two industry experts Tim Ng and Rob Galetta. Both our guests share some of the innovative approaches they are taking to help their clients reach new audiences. *Sponsored by: BCGi Baron Consulting…
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Dayna Gilbert, Leor Marguilles and Greg Gilbert join episode 58 of the Toronto Under Construction podcast to talk about Toronto's real estate market outlook, building and innovation, purpose built rentals and the removal of HST for rental housing, Projects and Developers facing receivership and the HCRA, and developing outside of Toronto. *Sponsore…
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Erin Millar and Harley Nakelsky join episode 57 of the Toronto Under Construction podcast to talk about Toronto real estate investors and their importance to the market, broker partnerships, new condo sales and launches and the cost to build in Toronto. This episode takes an in depth look at the investor side of the Toronto real estate market. *Spo…
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Episode 56 of the Toronto Under Construction podcast welcomes Linda Mitchell Young and discusses her experience working in Toronto's Condo market. From launching her first project in Scarborough in 1995, to discussing Foreign Buyers tax, the investor market, and the rising cost of construction and condo prices this episode covers everything about T…
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Episode 55 of the Toronto Under Construction podcast is a roundtable discussion with Sayf Hassan from Elysium, Steve Keyzer from Colliers International and Kevin Marthinsen from Cameron Stephens Mortgage Capital. The group discusses the hottest topics and news articles in Toronto Real Estate including GTA land prices, new home buyers, affordability…
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Date: August 22, 2023 Name of podcast: Altus Insights Podcast Series Episode title and number: State of the Southwest Ontario CRE market Brief summary of episode: Southwest Ontario region has benefited from affordable housing, increasing population migration from the GTA, and significant growth in its tech center. In this episode, Mitchell Blaine, …
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Episode 54 of the Toronto Under Construction podcast is a roundtable discussion with Francesco Margani, founder of Franc & Co, Linda Chen, Vice President, Investments at Harbour Equity and Noorez Lalani, President and co-founder of MOD Developments. The group discusses the hottest topics in Toronto Real Estate including The Greenbelt, multi-family …
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Date: August 15, 2023 Name of podcast: Altus Insights Podcast Series Episode title and number: Canada office capital markets Brief summary of episode: In this episode, Jaysen Smalley, Vice Chairman at CBRE Investment Capital Markets in Toronto, joins Ray and Marlon to discuss the evolving dynamics of Canada’s office sector in a post-COVID world. Pa…
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Almadev CEO Rafael Lazer joins the Toronto Under Construction podcast to discuss how he became a developer in Canada, the acquisition of Elad Canada Realty, financing real estate projects, solutions to Toronto's affordability problems and details about Almadev's vision for the future of Toronto. *Sponsored by: BCGi Baron Consulting Group Executive …
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President at Beaux Properties International, Jason Birnboim joins the Toronto Under Construction podcast to discuss the future of rental housing in Toronto including multi-family housing, high-density development, the current rental market, affordability and changes to Toronto's multiplex legislation. *Sponsored by: BCGi Baron Consulting Group Exec…
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We live in contradictory times, demand for housing is at an all-time high. But developers across North America are struggling with a constantly changing environment that can inject risk from many different angles, entitlement approval, interest rates, supply chain, labor, construction costs, sustainability, climate change and the list goes on. To h…
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Tune in to the Altus Insights podcast as we dive into the ever-evolving Canadian real estate market. Two months ago (March 2023), we witnessed the impact of higher-than-welcome inflation and rising interest rates on the economy. Now, we're eager to explore what has changed with our special guest, Peter Norman, Chief Economist at Altus Group. Discov…
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Alex D’Orazio from Brixen Developments joins episode 51 of the Toronto Under Construction podcast to discuss starting his own home building company with his partner Andrew Iacobelli, their development strategy in peripheral markets and how they are adapting and finding success in the communities they build in. *Sponsored by: BCGi Baron Consulting G…
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Richard Lyall, President of RESCON, joins Marlon and Ray to dig into the complicated question: Can 1.5 million homes be built in Ontario within the next 10 years? Tune in to hear Richard, Marlon and Ray discuss the challenges, the opportunities and the politics around the crucial housing initiative. Panelists in this episode: Richard Lyall is an ac…
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Jacob Iftah from Kin Capital Partners joins Toronto Under Construction for our 50th episode to discuss his expertise in investment banking, and how that has allowed him to create a successful business investing in and financing Toronto real estate projects. *Sponsored by: BCGi Baron Consulting Group Executive Search*…
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Ray and Marlon continue their discussion Mike Czestochowski, Vice Chairman of the Land Services Group at CBRE Limited, and John Galluzzo, Senior Director of the Land Valuation team at Altus Group with a comparison of urban vs. suburban land prices, intensification, and ongoing challenges around achieving housing construction goals. Panelists in thi…
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Ray and Marlon are joined by Mike Czestochowski, Vice Chairman of the Land Services Group at CBRE Limited, and John Galluzzo, Senior Director of the Land Valuation team at Altus Group to discuss the various factors and the impact on residential land prices and availability of product in the greater Toronto area (GTA). Affordable housing continues t…
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Nick Macrae from Woodbourne Capital Management joins episode 49 of the Toronto Under Construction podcast to discuss his roles at Avison Young, Brookfield Financial and HOOPP and shares his perspective on real estate investing, leasing and purpose built rentals, portfolio and asset management and more! *Sponsored by: BCGi Baron Consulting Group Exe…
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Date: March 29, 2023 Name of podcast: Altus Insights Podcast Series Episode title and number: Episode 19 – State of the US commercial real estate market Part II: Industrial and office markets Episode summary: Ray and Marlon continue their conversation on the state of the US commercial real estate market with Omar Eltorai, US Director of Research at…
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Laurie Payne from Osmington Gerofsky Development Corp (OGDC) joins episode 48 of the Toronto Under Construction podcast to discuss planning, city building, Toronto community housing, financing infrastructure and building transit oriented communities. *Sponsored by: BCGi Baron Consulting Group Executive Search*…
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Date: March 22, 2023 Recorded: March 7, 2023 Name of podcast: Altus Insights Podcast Series Episode title and number: Episode 18 – State of the US commercial real estate market Episode summary: Ray and Marlon sit down with Omar Eltorai, US Director of Research at Altus Group, to discuss the state of the US commercial real estate market and the diff…
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The Toronto Under Construction podcast is excited to welcome Zev Mandelbaum from Altree Developments to episode 47 to discuss his family's history in real estate and the top issues facing Toronto's real estate market including interest rates, rental replacement, politics and the "broken system", the importance of investors to the Toronto new homes …
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Date: February 17, 2023 Name of podcast: Altus Insights Podcast Series Episode title and number: Episode 17 –Market conditions and escalation - Ontario Episode summary: Raymond Wong and Marlon Bray reunite for the first time in 2023 to discuss the state of the Ontario CRE market and debate what market conditions and construction will look like in t…
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The Toronto Under Construction podcast is excited to welcome you to our very first LIVE Panel recording. On January 25, 2023 over 100 real estate professionals gathered at EY Canada for a panel discussion on the state of the 2023 condo market with Derek Deutsch from CentreCourt Developments, Jeremiah Shamess from Colliers and Noorez Lalani from MOD…
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David Schoonjans, Senior Director of Altus Group’s Business Intelligence group, joins Marlon Bray to discuss the recent release of the 2023 Canadian Cost Guide, an annual guide providing a view of construction costs in local markets across Canada broken down by building type. Marlon and David cover the purpose of the Canadian Cost Guide, how it dif…
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The Toronto Under Construction podcast is excited to welcome Alison O'Neill from Mattamy Homes to the podcast to discuss her career in the Toronto Real Estate industry, some of her favourite projects and how she's adapting her sales and marketing techniques in this new market. *Sponsored by: BCGi Baron Consulting Group*…
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Date: January 25, 2023 Name of podcast: Altus Insights Podcast Series Episode title and number: Episode 15 – 2022 CRE Market in Review – Perspectives on industrial and multifamily residential Episode summary: Raymond Wong, Wendy waters and Phil Stone continue a discussion about the 2022 Canadian CRE market with a review of industrial and multi-resi…
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Date: January 13, 2023 Name of podcast: Altus Insights Podcast Series Episode title and number: Episode 14 – 2022 CRE Market in Review – Perspectives on capital markets and office Episode summary: Raymond Wong is joined by special guests, Wendy Waters, VP or Research Services at GWL Realty Advisors and Phil Stone, Principal and Head of Canadian Res…
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Toronto Under Construction welcomes Chris Wein from Lanterra Developments to Episode 44 of the podcast to discuss his experience working in real estate across 15 states and 5 provinces, affordability in Toronto, Bill 23, the importance of investing in transportation and infrastructure and how Toronto can partner with the private sector to creating …
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In episode 43 of the Toronto Under Construction podcast, Ramsey Shaheen from Cachet Homes joins Steve and Ben to discuss his experience working in the US and Canadian home building markets. Ramsey shares his thoughts on affordability, explains how Cachet Homes chooses where to build their next communities, and discusses BILL 23 and the major issues…
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In this episode, Ben is joined by Alex Bozikovic, Architecture Critic for the Globe and Mail to discuss how good architecture, planning, and policies affect the development of a city, and how these things have impacted the real estate market in Toronto. *Sponsored by: The Plus Group*By Toronto Under Construction
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Date: November 17, 2022 Name of podcast: Altus Insights Podcast Series Episode title and number: Episode 13 – Top 10 government policies / actions impacting CRE in Canada Episode summary: Marlon Bray and Raymond Wong share their top 10 list of municipal, provincial and national government actions that are making or will be making the most impact to…
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In episode 41 of the #TUCpodcast, we welcome Leona Savoie from Dorsay Developments to the show to discuss starting her career in Planning at the end of the 90's recession, her experience working with some of the GTA's top developers, the current state of the market and her advocacy work and being a woman in a male dominated industry. Tune in now! *…
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Date: October 18, 2022 Name of podcast: Altus Insights Podcast Series Episode title and number: Episode 12 – The impact of rising interest rates for CRE in Canada Episode summary: Colin Johnston, President of Altus Group’s Research, Valuation and Advisory division, joins Marlon Bray and Raymond Wong to discuss discuss some of the key takeaways from…
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On episode 40 of the Toronto Under Construction podcast Daniel Salerno from Paradise Developments joins us to talk about sales and marketing in the low-rise new home market, the product mix in Paradise's new communities, affordability, and how the pandemic has affected the low-rise market. *Sponsored by the Plus Group*…
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Date: October 11, 2022 Name of podcast: Altus Insights Podcast Series Episode title and number: Episode 11 - Benchmarking the GTA’s municipal development application process Episode summary: Daryl Keleher, Senior Director in Altus Group’s Economic Consulting practice, joins Marlon Bray and Raymond Wong to discuss a very recent GTA municipal benchma…
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On episode 38 of the Toronto Under Construction podcast, co-hosts Ben and Steve welcome Ben Rogowski from Canderel to the show to discuss retail, commercial and residential development in Toronto and other major Canadian cities. *Sponsored by The Plus Group*By Toronto Under Construction
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On episode 37 of the Toronto Under Construction podcast, the guys welcome, marketer, builder & housing advocate Chris Spoke from Buildstack.co to discuss NIMBYs, YIMBYs and housing and transportation policies that have shaped the city of Toronto to be what it is today. *Sponsored by The Plus Group*By Toronto Under Construction
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Date: August 22, 2022 Name of podcast: Altus Insights Podcast Series Episode title and number: Construction cost escalation in the GTA: Past, present, future Episode summary: Raymond Wong sits down with David Schoonjans, Senior Director in Altus Group’s Cost & Project Management business unit, to discuss cost escalation in the GTA. In this episode …
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The #TUCpodcast welcomes Sam Crignano to the show to discuss his iconic projects, the value of great architecture, affordability and inclusionary zoning, and the feasibility of projects with the rising cost of construction. In this episode, the guys also discuss the Hamilton real estate market and Sam's philanthropy work on the Blu Genes Foundation…
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Date: August 9, 2022 Name of podcast: Altus Insights Podcast Series Episode title and number: Deciphering inclusionary zoning in Toronto Episode summary: Ray and Marlon take on Toronto’s inclusionary zoning policy with John Galluzzo, Senior Director Altus Group’s land valuation practice. In this episode Ray, Marlon and John discuss inclusionary zon…
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Date: July 21st, 2022 Name of podcast: Altus Insights Podcast Series Episode title and number: Rising construction delays in Canada – Part 2: The solutions Episode summary: Ray and Marlon continue their discussion on commercial and residential real estate development delays with Duan van der Merwe, Associate Director in the Contract Solutions Group…
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