Real Estate Roundtable 2022

StreetsOfToronto.com and Post City Magazines presents the 15th annual Real Estate Roundtable, featuring 10 of the city’s top experts on the housing market discussing Toronto’s supply problem, solutions for affordable housing, the urban spread happening from those getting priced out of the city and other factors currently affecting Toronto's real estate market.

In the fifth and final part of the real estate roundtable discussion, the panel of experts get personal and share the biggest mistakes they've made when it comes to their own real estate decisions. The panel also shared their predictions for the real estate market in the coming year. After COVID-19 was declared a pandemic, we reached out to our panellists again for their revised predictions for the real estate market in the year ahead and those predictions can be found in the cover story of the April 2020 edition of Post City Magazines and on TRNTO.com.

In part four of the real estate roundtable discussion, the panel of experts discussed creative ways in which people are purchasing or staying in their homes. Interior designer Brian Gluckstein shared what he is seeing in the luxury market as well as the transit and infrastructure problems in our city while Rotman professor William Strange and former chief city planner Jennifer Keesmaat allude to potential solutions for the infrastructure problems and transit overcrowding issues.

In part three of the real estate roundtable discussion, the panellists addressed questions from Rotman MBA students. The questions covered topics such as the impact of immigration on the real estate market in Toronto and how that contributes to the supply problem as well as the risk factors that could lead to a housing crash in the city, similar to what happened in 1991. Additionally, CBC Dragon Michele Romanow addressed the question that is on the minds of most millennials as to whether the dream of being a homeowner in Toronto and the GTA is dead and if they should set their sights elsewhere.

In part two of the real estate roundtable discussion, the expert panellists address the issue of housing affordability in the city. The average price of any home in the city, from condos to detached homes, is now almost one million dollars and the average rent for a one-bedroom apartment now sits at $2,300; do these figures show that housing affordability has become a crisis? Former chief city planner Jennifer Keesmaat and interior designer Brian Gluckstein discuss density, purpose-built rental units and the impact of Airbnb while condo king Brad Lamb and real estate agents Odeen Eccleston and Barry Cohen focus on the supply issue and creating more housing outside of the GTA.