State of the Southwest Ontario CRE market

Altus Insights Podcast Series

Date: August 22, 2023

Name of podcast: Altus Insights Podcast Series

Episode title and number: State of the Southwest Ontario CRE market

Brief summary of episode: Southwest Ontario region has benefited from affordable housing, increasing population migration from the GTA, and significant growth in its tech center. In this episode, Mitchell Blaine, Executive Vice President at JLL, sits down with Ray and Marlon to discuss how the present cycle has impacted the CRE market in Southwest Ontario and predictions for the region’s future.

Panelists in this episode:

• Mitchell Blaine is the Executive Vice President at JLL Canada. Mitchell has over 20 years of experience in commercial real estate in the Southwestern Ontario market. His resume includes more than 1 000 transactions totaling $2.7 B, as he has represented a wide array of global, national, and local companies. Mitchell has consistently been recognized as a top performer, and his successes can be credited to his profound market knowledge, unsurpassed problem-solving capabilities, communication, transparency and relentless drive to deliver superior results for his clients.

• 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.

• 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 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.