Benjamin Haythornthwaite

Industrial leasing activity across the Greater Toronto Area over the past two and a half years reflects a clear shift in tenant demand by industry sectors, particularly away from manufacturing.

At its core, land pricing is anchored in residual land values. And that can make land uniquely sensitive to changes in underlying assumptions.

As household delinquencies rise, the question of Canadian banks offloading distressed loan portfolios may become more commonplace.

Lengthy discussions over the past five years have reinforced the notion that office-to-residential conversion is not a broad solution to addressing affordable housing in the Greater Toronto Area. A ...

What has held back office-to-residential conversions in the Greater Toronto Area? Certainly not a lack of vacant office buildings. Numerous high-vacancy buildings exist in the market today that could ...

For much of the post-pandemic period, office-to-residential building conversions have been widely discussed but rarely pursued. In most cases, the concept is quickly dismissed due to the associated ...

New Tecumseth is a fast-growing municipality outside the northern edge of the Greater Toronto Area. Its largest community, Alliston, is anchored by a well-established Honda assembly plant that has ...

The Greater Toronto’ Areas industrial market currently has roughly 50 million square feet of space classified as “proposed," a figure that reflects future flexibility rather than near‑term supply ...

Toronto’s retail sector has shown remarkable resilience to date, but forward‑looking economic indicators increasingly point to a more challenging environment ahead.

Retail spending across Toronto has remained surprisingly resilient despite a clear deterioration in economic conditions.

The price premium for owning a home in the Greater Toronto Area relative to the rest of Ontario has narrowed meaningfully over the past decade.

Canada’s defence spending has risen sharply in recent years, marking a decisive break from the relatively flat spending on defence that characterized much of the the most recent decade.

Toronto’s industrial market over the past decade can be best understood as experiencing two distinct periods: Before interest rate hikes and after.

Toronto’s office investment market saw a notable divergence between transaction volume and dollar value in 2025. While pricing remains under pressure, deal activity has accelerated; it's a dynamic ...

Across the Greater Toronto Area, the office market has undergone a profound shift since the onset of the pandemic, as the amount of available office space increased by roughly 90% since the first ...

The Greater Toronto Area's sustained and pronounced drop in construction starts across all major commercial property typesis is very concerning and appears to represent an overcorrection, even as ...

Risk premiums across commercial real estate are materially lower these days than they were before the pandemic. Spreads over the 10‑year bond during 2017–2019 were meaningfully wider across every ...

Office real estate investment trusts entered late 2025 facing a familiar set of headwinds: Despite recent policy rate cuts, bond markets have remained elevated.

Sales of land tracts have fallen sharply since capital markets began to tighten in 2022.

Before the pandemic, Toronto's Downtown West office submarket was widely considered a main technology and creative tenant hub for the area, with demand for space largely driven by startups, digital ...