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Welcome to Toronto Under Construction, a residential real estate podcast hosted by Bullpen Consulting’s Ben Myers. This monthly podcast will dive into the nitty-gritty of Toronto Real Estate, with a specific focus on housing policy and economics. @BenMyers29
Episodes

Sep 22, 2026
Sep 22, 2026
1 hr 17 min
In Episode 111 of Toronto Under Construction, Ben Myers sits down with Matt Young of Republic Developments, Michael Williams of Hazelview Investments, and Alexander Suppa of Elysium Investments to explore how Canada's development industry is adapting to a rapidly changing housing landscape. As market conditions continue to challenge traditional development models, the conversation examines the new strategies, partnerships and financing tools helping projects move from concept to construction. From the evolution of the condominium market and the long-term outlook for purpose-built rental to government investment, student housing and the transformation of emerging neighbourhoods, the episode offers an insightful look at how developers and investors are finding new ways to deliver much-needed housing across the country.
*Sponsored by: BCGi Baron Consulting Group Executive Search*

Sep 1, 2026
Sep 1, 2026
1 hr 29 min
In Episode 110 of Toronto Under Construction, Ben Myers sits down with Jeremy Dason of Primont, Tyler Pridham of Manulife Investment Management, and Daniel Marinovic of PwC Canada to examine how developers, investors and advisors are adapting to a rapidly evolving real estate market. As shifting capital markets, changing buyer behaviour and new financing structures reshape the industry, the conversation explores the strategic decisions influencing everything from purpose-built rental and condominium development to investment, product design and long-term risk. From the future of rental housing and creative capital structures to distressed condominium opportunities, changing buyer demographics and the role of policy in shaping housing supply, the episode offers a thoughtful look at how today's market is forcing the industry to rethink old assumptions and embrace new approaches.
*Sponsored by: BCGi Baron Consulting Group Executive Search*

Aug 11, 2026
Aug 11, 2026
1 hr 7 min
In Episode 109 of Toronto Under Construction, Ben Myers sits down with Myles Millard of CentreCourt, Christopher Janisse of Park Property, and Aleks Karamarkovic of Karamark Capital for a discussion on what it takes to deliver and operate purpose-built rental housing in today's market. As developers increasingly pivot away from condominiums, the conversation explores the realities of financing, leasing, design, construction and long-term ownership through the lens of those actively building, operating and investing in the sector. From improving construction economics and evolving capital markets to tenant retention, floorplan optimization and the changing expectations of institutional investors, the episode examines how Canada's rental industry is adapting to a very different development landscape.
*Sponsored by: BCGi Baron Consulting Group Executive Search*

Jul 20, 2026
Jul 20, 2026
1 hr 20 min
In Episode 108 of Toronto Under Construction, Ben Myers sits down with Scott Arbuckle of Arcadis, Warren Sault of the Mississaugas of the Credit Business Corporation (MCBC) and Derek Goring of Northcrest Developments for a conversation about the evolving role of Indigenous partnerships in shaping the future of city building. The discussion explores how relationships between First Nations, developers and design firms are moving beyond traditional consultation toward long-term collaboration across planning, infrastructure, economic development and real estate. Using projects such as YZD and the newly announced MCBC-Arcadis partnership as a backdrop, the episode examines how Indigenous-led development, economic reconciliation and shared stewardship are influencing the next generation of communities across the Greater Toronto Area.
*Sponsored by: BCGi Baron Consulting Group Executive Search*

Jun 30, 2026
Jun 30, 2026
1 hr 20 min
In Episode 107 of Toronto Under Construction, Ben Myers sits down with Josh MacLeod of NBLC, Carlo Timpano of Capital Developments and Address Rentals, and Quinn Samardzic of Mattamy Homes for a discussion on how developers are responding to a housing market increasingly driven by end users rather than investors. The conversation explores the rise of bulk condo acquisitions, the growing divide between investor and end-user product, the evolution of purpose-built rental, new approaches to housing design and construction, and the realities of pricing, closings and expansion in a slower market. From underwriting rental projects to prefabricated housing and shifting buyer expectations, the episode examines how some of the industry's most active players are adapting their strategies for a market that looks very different than it did just a few years ago.
*Sponsored by: BCGi Baron Consulting Group Executive Search*

Jun 12, 2026
Jun 12, 2026
1 hr 21 min
In Episode 106 of Toronto Under Construction, Ben Myers sits down with Kiel O'Sullivan of Previon Capital, Duncan Smith of Oben Group and Anthony Staffieri of Fengate for a discussion on where capital is flowing as the housing industry adapts to a changing market. The conversation explores everything from construction costs, purpose-built rental economics and institutional investment to vertical integration, development incentives and the evolving relationship between housing policy and private capital. From Toronto to the United States, the guests share their perspectives on how developers, investors and operators are adjusting their strategies, rethinking traditional business models and positioning themselves for the next phase of growth in residential real estate.
*Sponsored by: BCGi Baron Consulting Group Executive Search*

May 21, 2026
May 21, 2026
1 hr 37 min
In Episode 105, Ben sits down with Jim Ritchie of Tridel and Hunter Milborne of Milborne Group for a wide-ranging discussion that blends market history with today’s realities. Drawing on research about the early 1990s real estate crisis, the post-recession recovery of the late 1990s, the Global Financial Crisis, and more recent commentary on demand and product mix, the conversation explores how lending practices, leverage, buyer psychology and product strategy have shaped Toronto’s housing cycles. From Olympia & York to stacked townhouses, from luxury conversions to micro-suites, the episode examines what actually changes in downturns, what repeats, and what lessons still apply as the market recalibrates once again.
*Sponsored by: BCGi Baron Consulting Group Executive Search*

May 4, 2026
May 4, 2026
1 hr 27 min
In Episode 104 of Toronto Under Construction, Ben Myers sits down with Ian Pinchin of Crestpoint, Kalliopi Karkas of RioCan, and Lee Piccoli of Fusion Homes for a wide-ranging discussion on the intersection of policy, capital and development strategy across Ontario’s housing market. The conversation moves from the province’s temporary HST elimination on new homes to bulk condo-to-rental conversion funds, large-scale mixed-use redevelopment, institutional capital markets constraints and the long-term evolution of ownership in Canada. Spanning high-rise urban intensification, income-producing retail repositioning, master-planned communities and private equity discipline, the episode captures a market navigating uncertainty while still making long-term bets on growth.
*Sponsored by: BCGi Baron Consulting Group Executive Search*

Apr 22, 2026
Apr 22, 2026
1 hr 26 min
In Episode 103, Ben sits down with Cara Hirsch of Hirsch + Associates, Elliott Taube of Pivot Real Estate Group, and Sean Zahedi of SCOP Inc. for a roundtable discussion on the state of the new housing market from the people actively selling it. The conversation spans the immediate reaction to the proposed HST changes, the disconnect between condo pricing and fundamentals during the pandemic run-up, investor retrenchment, closing risk heading into 2026, and the growing shift from condo to rental as a default development model. From low-rise pricing resets to high-rise inventory pressure, the discussion reflects a market recalibrating around value, absorption and execution rather than momentum.
*Sponsored by: BCGi Baron Consulting Group Executive Search*

Mar 31, 2026
Mar 31, 2026
1 hr 35 min
In Episode 102, Ben sits down with Mike Czestochowski of CBRE, Josh Lerner of Harbour Equity, and Sharon Florian of Florian Group for a direct conversation about where the market actually stands. From lender behaviour and condo land receiverships to high-density resets, rental underwriting and product strategy, the discussion moves through the structural pressures shaping development decisions across the GTA. The tone throughout is pragmatic. Capital is cautious. Execution matters. And timing remains the central variable.
*Sponsored by: BCGi Baron Consulting Group Executive Search*
