In our latest podcast, Steve Jagger sits down with Jeremiah Shamess, Executive Vice President of Colliers Private Capital Investment Group, to dive into the complexities of commercial real estate in the Greater Toronto and Hamilton areas. With over 15 years of industry experience, Jeremiah shares invaluable insights into commercial real estate trends, challenges, and opportunities shaping these dynamic regions.
Key Highlights:
From Research Analyst to Industry Leader
Jeremiah recounts his journey into commercial real estate during the 2008 financial crisis, starting as a research analyst and eventually founding Colliers’ Private Capital Group. His story is a testament to resilience and adaptability in a competitive field.
Toronto vs. Hamilton: A Tale of Two Markets
- Land Market Trends: While Toronto has faced significant corrections in land pricing due to rezoning uncertainties, Hamilton’s steady zoning regulations have helped it maintain consistent land pricing in comparison to the GTA.
- Development Dynamics: Hamilton’s incentives, such as Brownfield and development charge grants, make it an easier city to navigate for builders compared to Toronto’s skyrocketing development charges since the year 2000.
Impact of Development Charges
Jeremiah highlights the staggering increase in development charges in Toronto—rising by over 10,000% since 2000. These costs are a significant burden on developers and ultimately passed down to buyers and renters, raising concerns about housing affordability.
The Role of Rent Control
Ontario’s rent control policies are another critical factor influencing the market. Jeremiah explains how these regulations impact older stock and new developments differently, shaping investor decisions in the multifamily sector.
2025 Market Outlook
Looking ahead, Jeremiah predicts another challenging year for commercial real estate. However, he emphasizes that cash-ready investors could find significant opportunities, particularly in undervalued assets. He remains optimistic about Canada’s long-term potential as a desirable destination for real estate investment.
Why Listen to This Episode?
Whether you’re a seasoned investor or new to the world of real estate, this episode offers a deep dive into the nuances of commercial property markets in two of Canada’s most dynamic regions. From the effects of municipal policies to long-term investment strategies, Jeremiah’s expertise provides actionable insights for anyone looking to navigate these markets.
Watch the full episode on YouTube
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Connect with Jeremiah Shamess
- Website:Jeremiah Shamess
- Instagram:Jeremiah Shamess Instagram
- Linkedin:Jeremiah Shamess LinkedIn
- X: Jeremiah Shamess X
