CoStar is relatively new to Canada but a giant in commercial real estate research. In 2015 alone, the company’s 1,600 researchers made more than 12 million calls to verify critical property information and drove more than two million miles to accumulate on-site research data. Every commercial real estate practitioner can benefit from the data they’re bringing to the Canadian market. In this episode we discuss:
- CoStar’s background and entry into Canada.
- The scope of their research team.
- The most difficult data to collect.
- Their expansion plans within Canada.
- The mobile platform.
- The major U.S. and Canadian sub-markets they cover.
We also have a discussion about two markets covered by CoStar, Toronto and Vancouver. Topics include:
- Supply or demand?
- Foreign buyer’s tax.
- The introduction of multi floor industrial and retail developments.
- Urban sprawl.
- Public transit.
- Intensification in clusters.
- Proposed changes to rent control for Post 1991 built apartments.
In the news….
Foreign buyers tax good politics or good policy? Not increasing affordability but has rid perception of “foreign buyer boogeyman” #vref2017
— Louise Tagulao (@LouiseTagulao) April 11, 2017
— RENX (@RENXca) April 11, 2017
John Stovell: we’re going to be shocked in 24 months when we see how much of what is under construction will be rental #vref2017
— James Speakman (@JamesASpeakman) April 11, 2017
A bit about our guest….
Matt Popow is a Senior Account Executive at CoStar Group Canada, headquartered in downtown Toronto ,where he is responsible for sourcing and managing the sale of CoStar Group’s flagship products, CoStar Suite and CoStar Market Analytics. He works closely with Canada’s largest commercial brokerages, lenders and property owners to help them gain deep insights into the commercial real estate market. Understanding tenant movement, space absorption benchmarking to assess supply and demand, identifying market indicators and opportunities to develop new business are all in the scope of his focus. Prior to joining CoStar Group Canada in 2015, he was a Vice President and commercial real estate broker that managed investment sales transactions of retail, office and industrial assets while also completing land density and highest/best use studies for commercial developers in addition to securing facilities for corporate space users.