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Recent content by BMyers

  1. BMyers

    Baby, we got a bubble!?

    I know some of you don't appreciate me linking my reports here, but I actually wrote a section on Toronto's housing bubble earlier this year: https://fortressrealdevelopments.com/news/mm8-fortress-fall2017/
  2. BMyers

    Baby, we got a bubble!?

    There is a lot changing in the Canadian housing market, I'd love to get everyone's thoughts for my next Market Manuscript. 10 question survey here: https://www.surveymonkey.com/r/CDNhousing17
  3. BMyers

    Baby, we got a bubble!?

    I apologize to those folks that don't like me posting my articles and reports, but I wrote lengthy sections on housing bubbles and government market intervention in my latest report, you can download it here: https://fortressrealdevelopments.com/news/market-manuscript-ben-myers-spring-2017/
  4. BMyers

    Baby, we got a bubble!?

    The numbers being quoted in the article are for "unoccupied by usual resident" not just unoccupied. Likely a huge portion of those units are occupied by students, where their usual residence is their parents address. If you look at the Metro areas with the highest percentage of these units, they...
  5. BMyers

    Toronto | Via Bloor | 138m | 46s | Tridel | architectsAlliance

    Public listing last year. http://www.cbre.ca/AssetLibrary/Bloorpointe_flyer.pdf
  6. BMyers

    Ontario Should Tax Foreign Purchases of Real Estate

    Let me know what the best intervention would be to keep the Canadian housing market stable: https://www.surveymonkey.com/r/FRDIhousing
  7. BMyers

    Baby, we got a bubble!?

    I would have preferred to focus more on middle-class affordability as opposed to social housing or "non-market" housing as that is not really my area of expertise. It is clear that major government incentives are required to improve that segment of the housing market. I would never recommend...
  8. BMyers

    Baby, we got a bubble!?

    I wanted to make sure nrb knows I'll be on TVO's The Agenda with Steven Paikin tonight talking housing affordability: https://twitter.com/TheAgenda/status/780498599251632129 I didn't think he/she would want to miss it.
  9. BMyers

    Baby, we got a bubble!?

    Okay, I won't post my writings. This is a real estate forum no? Listen to this great podcast instead: http://morrisonsellsrealestate.com/real-estate-market-outlook-ben-myers/
  10. BMyers

    Baby, we got a bubble!?

    Canada's housing market crisis is your fault: http://www.huffingtonpost.ca/ben-myers/canadas-housing-market-crisis_b_12134820.html?ncid=engmodushpmg00000004
  11. BMyers

    Baby, we got a bubble!?

    I take a crack at the foreign housing debate in my latest housing market report. I look at the experiences in Australia and New Zealand. Taxes and government actions have yet to cool those markets: https://fortressrealdevelopments.com/news/mm-ben-myers-pulse-edition-fall-2016/
  12. BMyers

    Baby, we got a bubble!?

    s3rp, they sure did, not just the core, the entire GTA. Condo completions are down and so are resale listings. See the chart I posted yesterday: https://twitter.com/benmyers29/status/773969230765166594
  13. BMyers

    Baby, we got a bubble!?

    Land supply constraints is the biggest factor. Natural constraints like water, mountains, are huge as are zoning restrictions in housing price appreciation. These often lead to more NIMBYism and the cartelization of land ownership...
  14. BMyers

    Baby, we got a bubble!?

    I find it funny that people are still on the "we're overbuilding" train. According to CMHC, over 32,000 condo apartments completed in 2015, while prices and rents went up. 21,500 completions scheduled this year per Altus Data Solutions. Market seems to be doing well, my presentation from the...
  15. BMyers

    Baby, we got a bubble!?

    The GTA added something like 120,000 jobs in 2015, the highest level in a over a decade, and 75,000 new residents. So you probably need about 45,000 to 50,000 new units to accommodate that type of growth. The development industry will likely deliver less than 40,000 units. It's musical chairs...

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