Jeremiah Shamess | Toronto Land & Building Sales
@JShamess
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Follow me for Canadian Commercial Real Estate insights. I sell buildings & development land. Lead @ColliersCanada Private Capital.$2.16 Billion sold (211 sales)
Toronto & Montreal
Joined March 2009
How Does Seller Financing Transaction work?. STB: Seller take back mortgage or better known as a VTB. I'm going to show a breakdown but let's start with a few upfront assumptions. 1. I am not an accountant.2. This is for illustration only to show how the numbers work, this is
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Tall guys & Josh podcast . Listen if you’re curious about:. Industrial development .Office downtown stabilized + new dev.Residential Rental Development.
TUC Podcast 91 - Multi-Family, Office, Land & Industrial - @benmyers29 chats with three industry experts! . #ToRE .
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An important reminder how specific market knowledge is so key in hiring an advisor, as the same problem happens when value going up happens as when the value goes down. In December 2021, we pitched a site we had been speaking to the owner for 5 years. Because of in-depth
Not a fluke. After I posted last week's Testimonial Tuesday (415 Eighth Avenue), I received several DM's telling me that the 50% difference I came up with in value for the site at 31st & Eighth was a fluke. A one-time event, essentially, and I got lucky.
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A big mistake sellers make today in the current market is parading a deal around by numerous brokers. Not only does this cause a perception of weakness, but this also causes confusion. Lower dollar volume = lower liquidity . Typical assumption of 6 month sale processes are.
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The Ontario new condo market is in it's 4th year of a correction: . Sales at 502 units in Q2 still breaking 30-year lows. Activity declining 10% every quarter and dropped 69% from last year. A reversion to the mean as they say.
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I think this is still true. Let's see how the next 12 months plays out.
Stay alive ‘till ‘25 .Take your licks to ‘26.Wait for heaven in ‘27 .It’s going to be great in ‘28
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This may be the ugliest Fall in Toronto History for residential development land. I have never responded to more receivership and power of sale RFPs in my career (times 3). With that said, 6 record breaking transactions year over year are closing soon and have just closed (we.
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Really excited to present for sale or JV partnership the best high rise tower in heart of downtown St Catharines. One of the pillars of the Golden Horseshoe. An efficient size at 230,000 SF, walking distance to the GO station and FirstOntario arena where the OHL team play
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Could be a lagging metric:. Anecdotes: One of the best cost consultants in the city of Toronto just did a study with Devs building currently showing costs down 30-40% from 2022 depending on if developer self performs. Top 10 industrial developer has costs down 22% specifically.
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This is a must watch interview with John and one of Toronto’s best end user condo developers Devron founder Pouyan. Why do only small condos get built?. The same reason our market didn’t crash for years. Pre-sell condos to trigger construction financing = only mom and pop.
Why does Toronto almost exclusively build micro condos owned by investors? . And why have we decided that families don’t belong in our downtown core?. I’ve heard every excuse for Toronto’s obsession with tiny condos. Some say it’s illegal to build family-sized units.🧵.
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Daily reminder that the city has no interest in making housing more affordable. 2023:.IF City of Toronto increased property taxes 23% overnight this would equal the annual infrastructure budget paid for by Development Charges ("DC"s). 2025: .Toronto has increased now property
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Hiring a financial analyst based in Vancouver. Low margin for error, high stakes, fast moving constantly analyzing live deals. Up to $166,000 in compensation based on experience. Come to the Wild West:.
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What is your favourite metric to analyze real estate deals: . Answer and reply why and what asset class?.
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Another opinion on the matter:.
The IRR metric can be a wild game of smoke and mirrors. So many people talk about IRR like it’s the holy grail - the ultimate test of how a deal performed. But the IRR can be wildly misleading. And worse, it can be manipulated pretty easily. One example of how this happens:.
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Had the pleasure of speaking to the legend Mortgage Ron about what is going on with development land market!.
BOOM 💥 to BUST — How did we get here?. Jeremiah Shamess, EVP at Colliers & one of Canada’s top land & building salespeople, breaks down the housing cycle from the ground up — buying land, starting development & more 🏗️. Don’t miss this Angry Mortgage Podcast — now on YouTube!
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In the meantime, happy to get the 2nd largest high rise deal this year over the goal line.
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If you’re curious on the state of the development land market:. 2021 (height of the market). Total sales volume: $8.1 billion .# of Transactions: 554 . 2025 YTD: . Total sales volume: $998 million .# of transactions: 96. Annualize ‘25 market:. 71% decrease in dollar volume.
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One of largest real estate Insolvency firms in Canada:. “In 2024 our real estate receivership book was $1 Billion”. In 2025: . $7 Billion.
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Canadian Pension Plan continues to divest of Canadian Real estate. While Ontario-based OMERS pension fund continues to add to their Canadian portfolio . 4 million SF in 7 buildings across Western Canada - 50% position acquired. Fact: Vancouver office vacancy rate dropped to 10.7%
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Yesterday morning with Fitzrovia & Devron Developments we spoke about the difficulties of today’s market. How condo development should be catered to end users with larger units. Why rental development can be one of the most difficult equations to pencil today without optimism
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