Houses for sale in Ottawa

Peter Altobelli is back with us today to once again go through his top five key takeaways from the 2022 Toronto Real Estate Forum. Peter is the Vice President of Yardi Canada, which provides many different solutions to the real estate industry.

Unsurprisingly, the most common talking point at the forum was the Canadian economy. We’ll hear Peter’s take on how that will continue to affect real estate investment activity. Later, he explains the changes companies have been making to better accommodate their employees, along with the significance of ESG.

Topics covered include:

  • #1: The Canadian economy and its rising inflation, interest rates, and government debt.
  • The bumpy ride that Peter is expecting for 2023, and not just in Canada.
  • Why strength in multifamily should continue despite the economy.
  • #2: The future of workplace.
  • Companies having to reinvent how they use their space.
  • Tenants asking owners what they will do for employees.
  • #3: Where is the investment market heading given the change in cost of capital?
  • Various arguments about how much cap rates have moved.
  • Aaron’s deduction for why cap rates have gone up.
  • #4: ESG at a crossroads.
  • Why Peter thinks ESG is going to be the hottest topic in real estate over the next five years.
  • The actions that companies take regarding ESG and why they must have actual meaning.
  • #5: Thought leadership in the C-suite.
  • Lessons learned during the pandemic about how people want to live.
  • When and where pent-up capital will start being deployed.
  • Why Peter thinks this is the best time to learn about real estate.

More about our guest….

Peter Altobelli is Vice President of Sales and General Manager for Yardi Canada Ltd. Yardi develops industry-leading property and investment management software for all real estate asset classes.

Peter has worked in the technology industry for more than 30 years, with a foundation in software development for the healthcare sector in the 1980s. His first role involved transforming existing software for an outpatient clinic scheduling system and introducing innovative PC technology for what has now become Hamilton Health Sciences.

The CRE Podcast is powered by First National.

In partnership with Canadian Real Estate Forums.

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