Benjamin Haythornthwaite

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 ...

Affordability pressures are reshaping investor behaviour across the Greater Toronto Area’s multifamily market, and the clearest signal is showing up in transaction activity.

Canada’s housing market is entering a structural transition in which near‑term conditions in major urban centers increasingly favour renting over buying. One consequence of these dynamics may be that ...

Canada’s housing crisis is multifaceted: Picture a Venn diagram of overlapping issues involving affordability, availability and price stability. In an ideal world, home prices would remain relatively ...

The industrial property investment market in Toronto has fluctuated significantly, a phenomenon that shows up when comparing completed sales from the first 11 months of each year.

Toronto’s multifamily market has been buoyed by chronic undersupply, but cracks are beginning to appear.

Toronto’s office investment market still faces significant headwinds, with sales volumes plummeting to $1.05 billion in the first 11 months of 2025 from $4.28 billion in 2022, the lowest since the ...

Investment in Toronto retail properties has had a strong run, but signs of cooling are beginning to emerge in a reflection of both market dynamics and shifting investor priorities.

While the housing market is correcting, there are some specific reasons why it won't end up as a repeat of 2008.

Investor sentiment toward the office market has become more positive, spurred by the Ontario provincial government’s worker mandate of five days of in-office attendance starting in January and major ...

The housing boom that took place in Canada during 2020–2021 was driven by historically low interest rates and pandemic-induced demand. In Toronto, home sales peaked in March 2021 with over 15,000 ...