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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

Jul 20, 2026
Jul 20, 2026
1hr 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
1hr 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
1hr 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
1hr 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
1hr 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
1hr 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
1hr 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*

Mar 13, 2026
Mar 13, 2026
1hr 27 min
In Episode 101, Ben uses a series of provocative tweets as the jumping off point for a wide ranging conversation on immigration, millennials leaving the GTA, the growing divide between an owner class and a tenant class, declining fertility and what it will take for Canada to stay competitive. With Matt Spoke from Toronto Standard, Eric Lombardi, Liberal Party candidate, and Zoë Coombes of the Neptis Foundation, the discussion moves from immigration whiplash and Greenbelt trade offs to milestone recession, family formation and whether building more desirable housing near jobs matters more than corporate subsidies. It is a candid, policy heavy episode about growth, opportunity and the long term direction of housing and the Canadian economy.
*Sponsored by: BCGi Baron Consulting Group Executive Search*

Feb 23, 2026
Feb 23, 2026
1hr 22 min
In Episode 100 of Toronto Under Construction, Ben is joined by Gus Stavropoulos of Tribute Communities, Stuart Wilson of Alterra and Amanda Ireland of Osmington Gerofsky Development Corp for a developer focused check-in on where the market actually sits in early 2026. The group digs into construction costs and financing, the rental pivot and what this slowdown means for land, staffing and the next wave of supply.
*Sponsored by: BCGi Baron Consulting Group Executive Search*

Feb 2, 2026
Feb 2, 2026
1hr 13 min
In episode 99 of Toronto Under Construction, Ben is joined by Daniel Fama from GWL Realty Advisors, Adam Molson from The Daniels Corporation and Jason Shedletsky from Graywood Developments to unpack how purpose-built rental is reshaping the market. From condo sites pivoting to rental, to complex capital stacks, service-focused operations, family-sized units and succession at major development firms, the group looks at how strategy is shifting in a market that is still finding its footing.
*Sponsored by: BCGi Baron Consulting Group Executive Search*
