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Q1 2021 GTA Investment Market Overview


Roelof van Dijk and Jeremiah Shamess provide an investment market overview for Q1 2021, discussing factors impacting the market; sales volumes and pricing; how different asset classes are faring amidst the state of the market and economy; and anticipated effects of the upcoming inclusionary zoning policy change in the Greater Toronto Area.

The residential sector led the way in volume. Industrial and multifamily saw significant upticks and so did, surprisingly, retail. Roelof and Jeremiah tackle the question: “Why is 2021 so aggressive in terms of volume and velocity?” Delving into the “big plays” transpiring in the market, Roelof and Jeremiah talk about the purchases private buyers are making, the driving factors behind these moves, as well as what’s next for this segment that accounts for “over 60% of transactions in the GTA on any given year”. Likewise, they discuss foreign investment into commercial real estate, 32.8% of which flows into the GTA.

Why is this region so attractive to foreign investors? Will this trend continue? A conversation on the investment market is not complete without the mention of yield (a major driver of commercial real estate investment in Canada), cap rates (“Most people are looking at the Toronto area's fairly low cap rates.”), risk in each asset class (“The age-old sentiment ‘location is everything’ continues to prove right.”) and interest rates (which “will remain at least relatively flat in the near future”). Roelof and Jeremiah also cover the effect of immigration (or the lack thereof) on the GTA, and the market outlook once immigration resumes. Juxtaposing the positive with the negative, the experts speak about distressed assets. With the vaccine rollout and businesses and consumers resuming activity, they expect to see the number of challenged properties decrease. 

Roelof and Jeremiah round out their conversation with key takeaways for 2021, including what to watch for in the multifamily sector, how e-commerce will continue to drive demand in the industrial asset class, and the enduring need for office space.

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Jeremiah Shamess

Senior Vice President, Sales Representative | Private Capital Investment Group

Toronto Downtown

Jeremiah Shamess  founder of the  Colliers Private Capital Investment Group, a team of  6 professionals specializing in the sale of development land  and buildings in the  GTA and GGH.  Jeremiah has a proven track record of executing for his  clients and maximizing the value of their commercial real estate.  A consistent closer (81.3% of deals first  contracted successfully close) and creative deal maker.

The Private Capital Investment Group is the top team in Ontario for  Middle-Market Investment Sales. Some  noteworthy clients include  TAS, Canadian Tire, Silver Hotel Group, Marlin Spring Development, One Properties (AIMCO), Tricon and Greybrook, among others. 

In 2021,  ranked #1 Investment Advisor in the Greater Toronto Area, as well as Top 20 in the country. 

In 2018, Jeremiah was ranked in Colliers’ "Top 6 under 6,” recognizing him as one of the top real estate sales professionals in the country with less than six years tenure at Colliers, the largest commercial real estate firm in Canada by number of brokers. In 2019 and 2020, Jeremiah was recognized in the top 10%, and 15% respectively for Colliers, the top 0.2% and 0.5% respectively  for Toronto Regional Real Estate Board. 

His experience with a vast array of building sales, redevelopment properties, and land dispositions allows Jeremiah to maximize value, mitigate risk and increase the probability of successful sales. His team increases value from unsolicited offers through their proven disposition process that protects land and building owners. 

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