Today's 3-pointer will be brief, and it could very quickly become functionally irrelevant as the coronavirus panic spreads from grocery stores to real estate viewings. There are 3 statistically-biased reasons you really shouldn't get too wrapped up in the idea that "spring market" pricing is any different than the other seasons: People - selection bias Product … Continue reading 3 reasons you shouldn’t get caught up in spring “price growth”
Coronavirus, more formally known as the disease Covid-19, and the infection Sars-Cov-2, just became a lot more real for North Americans, as it's finally permeated our two favourite things, the economy, and pop-culture. There is a travel ban between Europe & USA. All major indices are in bear-market territory. The NBA is shutting down, an … Continue reading 3 hidden ways coronavirus is going to impact the real estate market.
Municipalities (cities, towns, regions, etc.) are more than just a place to live. They're a firm within the economy, and like every other firm in the economy, they want to sell you something. The way that they sell you something is through a supply chain that starts with the land registry system and ends with … Continue reading Firms exist to make profit. Towns exist to make progress.
I recently had a conversation about this with my brother, who is a landscape architect. We're working together on a project right now, and we were looking at a house called "The Millbrook House" trying to figure out if we should set up a visit for inspiration. It almost felt out of place to be … Continue reading The architectural role of small towns in urban areas
Being half-Swiss, I spent a lot of time in Switzerland, as a military conscript there. I was captivated by the mountains every moment I was there. My Omi (grandmother), a Swiss immigrant to Canada, seems to be similarly emotive towards the large bodies of water we have here. This fascinated me, and has always given … Continue reading A tale of two shores – Harbours [Innisfil & Georgina]
One of the easily ignorable differences in the future analysis of the Shores of Lake Simcoe is the differences in urban planning and settlement patterns over the course of the histories of these municipalities. Both municipalities have their historic cores, with a couple of 190X homes densely put together to capitalize on some random enterprise … Continue reading A Tale of Two Shores – Arteries, Highways & Regional Roads [Innisfil vs. Georgina]
A Tale of Two Shores - Chapter 2 See Chapter 1: How the GO Train may not change the future of Innisfil vs. Georgina The first point of fascination for me in regards to these two municipalities is that they're functionally very similar, and a small detail in their past has made them ever so … Continue reading A tale of two shores – They’re called “Skilled” trades for a reason. [Innisfil vs. Georgina]
Investment capital is moving further and further away from the core. We've already seen it East & West along the 401. As a result, I find myself often providing detailed market analysis and planning reviews for clients in smaller and smaller municipalities. I have a lot of groups looking for high-margin infill sites, and a … Continue reading A tale of two shores – How the GO Train may not change the future of Innisfil & Georgina
Stuck on the Highway It's just a cultural norm in the GTA that you can send a text and just say "stuck on the highway" and you're automatically excused from being late. In the GTA, it seems that housing capital migration is "stuck on the highway", too. I had to spit out my conclusion quickly … Continue reading How we move: regional migration patterns along provincial highways
Real estate is a technology. I've had this idea marinating in my head for a little while that is sort of an expansion of the concept I've already communicated I believe in: real estate is a technology. Land is the surface of a floating rock in space we're lucky enough to exist upon. It is a … Continue reading The burning Amazon, and real estate as an information system