GTA residential land price trends and impacts - Part II

Altus Insights Podcast Series

Ray and Marlon continue their discussion Mike Czestochowski, Vice Chairman of the Land Services Group at CBRE Limited, and John Galluzzo, Senior Director of the Land Valuation team at Altus Group with a comparison of urban vs. suburban land prices, intensification, and ongoing challenges around achieving housing construction goals.

Panelists in this episode:

· Mike Czestochowski is the Vice Chairman of the Land Services Group at CBRE Limited. Mike specializes in the sale of development land throughout the Greater Toronto Area and Greater Golden Horseshoe Area. His experience and knowledge of the GTA and GGH markets complement his proven abilities for site acquisitions, and dispositions, as well as the marketing and sale of real estate. Since 1995, Mike has been ranked as one of the top ten salespeople for CBRE’s Toronto North Office and CBRE Canada and is uniquely qualified in locating development and investment properties and evaluating their feasibility for landowners, developers, users, and investors.

· John Galluzzo is a Senior Director at Altus Group and currently manages the Land Valuation Team based in the downtown Toronto office of the Altus Group Research, Valuation and Advisory (“RVA”) division providing real estate valuation services to developers, lawyers, financial institutions, accounting firms, pension funds, real estate divisions of national corporations, various levels of government, etc. John is an accredited appraiser and a land economist with over 25 years of experience and has presented at various industry events.

· Marlon Bray is the head of Altus Group's Ontario pre-construction and contract administration services as part of the Cost and Project Management team. With over 25 years of experience, specializing in budgeting, value optimization, and providing visibility on risk through the entire lifecycle from early due diligence through to completion. Marlon oversees a team that leads the way with cutting-edge estimating technology and data analytics, bringing a greater level of transparency, and added value to all projects he is involved with.

· Raymond Wong is the Vice President of Data Operations for Altus Group’s Data Solutions team. Overseeing 60+ researchers across Canada, Ray’s primary responsibility is to ensure data collection is all-encompassing, reliable and accurate and that it adheres to the Altus Group data governance guidelines. Ray works closely with both internal and external clients to ensure the information meets their needs and that it is both accurate and timely. He also regularly presents on key market trends to clients and at industry events.