Home-Builders-Changing-Landscape-GTHA
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Home Builders Need to Brace for Changing Role of the CEO Five years from now, 64% of CEOs of home building companies across Canada see themselves as playing a more strategic, less hands-on role than they do now. Within the GTHA, the view of the future is varied—some CEOs plan to stay hands on, some will pass the reins within the family and other CEOs plan to step back. 64 % But as CEOs step back, challenges loom—only 36% of home builders nationally, and few within the GTHA, have a succession plan in place for the top leader. 36 % Bottom Line: Despite pessimism among economists and analysts about Canada’s faltering economy, home builders in the GTHA and across Canada are optimistic about the future. 0.1 % As of October 2015, overall real estate activity in Canada increased marginally—0.1% over the year before. Average home sale prices in the GTHA, rose by 10.33%, compared to average growth of 6.70% nationally. The GTHA outperformed the national market for average home sale prices. [$570,400 vs. $505,900] HOME BUILDERS’ CHANGING LANDSCAPE Greater Toronto and Hamilton Area Changing Consumer Tastes Are Reshaping the Market Across Canada, Generation Y and Baby Boomers are shifting away from large, single-family dwellings in favour of smaller, more affordable living spaces. In the GTHA, Boomers and young families are driving the shift to smaller, livable spaces in the heart of the urban core. Consumers expect more, but they don’t want to pay a premium for it. are increasing land acquisition costs and impacting development opportunities in the GTHA and across Canada. Land scarcity, price, regulation and new market entrants For more information please contact: Salmaan Alvi Leader, Real Estate & Construction Practice 905-946-5403 / [email protected] Frank DelZotto Partner, Real Estate & Construction Practice 905-946-2514 / [email protected] Or visit: www.bdo.ca/real-estate $505,900 10.33 % Environmentally Friendly Efficient High-end Finishes Confidence in the Real Estate Market Grows Canadian homebuilders are feeling more confident about the real estate market. Despite a rocky economic start to the year, and rumours of a housing valuation bubble, the Canadian economy is improving as employment rates have stabilized, interest rates remain at historic lows and national consumer confidence has grown. $570,400
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Transcript of Home-Builders-Changing-Landscape-GTHA
Home Builders Need to Brace for Changing Role of the CEO
Five years from now, 64% of CEOs of home building companies across
Canada see themselves as playing a more strategic, less hands-on role
than they do now.
Within the GTHA, the view of the future is varied—some CEOs plan to stay hands on, some will pass the reins within the family and other
CEOs plan to step back.
64%
But as CEOs step back, challenges loom—only 36% of home builders
nationally, and few within the GTHA, have a succession plan in place for
the top leader.
36%
Bottom Line: Despite pessimism among economists and analysts about Canada’s faltering economy, home builders in the GTHA and across Canada are optimistic about the future.
0.1%
As of October 2015, overall real estate activity in Canada increased marginally—0.1% over the
year before.
Average home sale prices in the GTHA, rose by 10.33%,
compared to average growth of 6.70% nationally.
The GTHA outperformed the national market for average home sale prices.[$570,400 vs. $505,900]
HOME BUILDERS’ CHANGING LANDSCAPEGreater Toronto and Hamilton Area
Changing Consumer Tastes Are Reshaping the Market
Across Canada, Generation Y and Baby Boomers are shifting away from large,
single-family dwellings in favour of smaller, more a�ordable living spaces.
In the GTHA, Boomers and young families are driving the shift to smaller, livable spaces in the heart of the urban core.
Consumers expect more, but they don’t want to pay a premium for it.
are increasing land acquisition costs and impacting development opportunities in the GTHA and across Canada.
Land scarcity, price, regulation and new market entrants
For more information please contact:
Salmaan AlviLeader, Real Estate & Construction Practice905-946-5403 / [email protected]
Frank DelZottoPartner, Real Estate & Construction Practice905-946-2514 / [email protected]
Or visit:www.bdo.ca/real-estate
$505,900
10.33%
Environmentally Friendly
E�cient
High-end Finishes
Confidence in the Real Estate Market GrowsCanadian homebuilders are feeling more confident about the real estate market. Despite a rocky economic start to the year, and rumours of a housing valuation bubble, the Canadian economy is improving as employment rates have stabilized, interest rates remain at historic
lows and national consumer confidence has grown.
$570,400
