Ben Myers
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Ben Myers is a member of the executive team at Fortress Real Developments, holding the title of Senior Vice President, Market Research and Analytics. Fortress is a leading source of equity capital for development projects across Canada, and Ben provides market and product analysis during the underwriting process. In addition to assessing the revenue assumptions for all projects the stakeholder team evaluates, Ben’s produces research and educational content regarding the conditions of local, metropolitan and national housing markets via robust statistical reports.
Ben has nearly 15 years of real estate research experience, starting his career as a Research Associate tracking the Dallas-Fort Worth new housing market, to most recently acting as Executive Vice President of Toronto’s leading condominium market research firm. During his career, Ben has worked on consulting reports for Canada’s largest low-rise home builder, Toronto’s biggest high-rise developer, and the nation’s tallest residential tower. As a noted housing market expert, Ben has given presentations for BILD, OHBA, and Canada’s major banks, met with mortgage insurers and government agencies to discuss the condominium market, been quoted in the Wall Street Journal, Toronto Star and Financial Post, and has appearing on Global, CTV and CP24 discussing new housing activity. He co-authored the most comprehensive report on Toronto condominium investor activity in partnership with The Altus Group, in addition to providing data and content to Brian Persaud’s Investing in Condominiums how-to book.

Since joining Fortress, Ben was named one of the keynote speakers at the ULI Emerging Trends event, presented at MCAP’s breakfast seminar series, appeared live on the Sun News network, and has written regularly for the Toronto Sun, the New Condo Guide, Renx.ca, BuzzBuzzHome.ca and for the Real Estate Investment Network (REIN). Ben and Fortress’ Market Manuscript reports have been featured in the Calgary Herald, the Globe and Mail, the Winnipeg Free Press, BNN, MoneySense magazine, and Ontario Homebuilder magazine.

Ben is a licensed Mortgage Broker with Centro Mortgage Inc. and holds an undergraduate degree in economics from the University of Texas at Arlington. He has also studied real estate finance at MIT in Boston.

Entries by Ben Myers

Your Kids Will Never Own A Single-Detached Home

(9) Comments | Posted November 28, 2016 | 8:28 AM

If you are under the age of 50 and live in the Greater Toronto Area (GTA) or the Greater Vancouver Area (GVA), chances are your children will never be able to afford a single-detached home anywhere near you in their lifetime.

In the GTA, the average price for a...

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Canada's Housing Market Crisis Is Your Fault

(13) Comments | Posted September 22, 2016 | 2:07 PM

The first time I heard the line "you're not stuck in traffic, you are traffic" I immediately liked it. People tend to ignore their participation and impact on a situation and often believe things are happening to them, not because of them. I wanted to explore this concept as it...

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Can Government Intervention Cool The Housing Market?

(2) Comments | Posted June 27, 2016 | 6:01 PM

Housing markets in Toronto and Vancouver are extremely hot, and average prices are skyrocketing. Every new data release, real estate report, and housing related comment is scrutinized, debated and analyzed in painstaking detail. A red flag is raised, an alarm bell is sounded, a stern warning is issued or extreme...

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Is A Ban On Foreign Buyers The Right Solution To Canada's Housing Crunch?

(44) Comments | Posted March 30, 2016 | 12:11 PM

Canadians, rightfully, consider themselves a welcoming people. In 2014, Canada welcomed over 250,000 new permanent residents. We celebrate our diversity. We don't build walls -- we open doors.

Except, perhaps, in real estate. Surging house prices have led to a hunt for a culprit -- and for a large number...

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What's Really To Blame For High House Prices In Canada?

(21) Comments | Posted January 28, 2016 | 12:37 PM

As the population of Canada experiences growth and immigration remains steady, many communities and neighbourhoods across the nation have felt the sweeping changes that occur when new residents move in. Although there was always concern about displacement of lower-income residents, "there will be losers in the name of progress" was...

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Toronto And Vancouver Real Estate Is Undervalued - Globally Speaking

(27) Comments | Posted December 16, 2015 | 6:08 PM

For over a decade, the articles, commentary and analysis focusing on the Toronto and Vancouver housing markets have addressed high levels of mortgage debt, speculative investors, foreign buyers and the inevitable unfolding of the markets when interest rates inevitably rise. It has been hypothesized that the unraveling of these major...

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Housing Bubble Fears Are Causing A Rental Housing Boom

(17) Comments | Posted November 6, 2015 | 4:18 PM

Fear is a powerful motivator. Fear of losing money is an extremely powerful motivator. Many homeowners have the majority of their net worth in their homes, and countless prospective buyers are contemplating using most of their life savings to buy their first property. It's no surprise then that an article...

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Are Homes Really Too Expensive or Are Your Expectations Too High?

(22) Comments | Posted September 10, 2015 | 9:13 AM

A journalist was interviewing me a couple years ago about the "Manhattanization" of Toronto and how high-rise condominiums were becoming the only affordable housing type in the Greater Toronto Area (GTA). I commented that the majority of children being born these days will never be able to afford a single-detached...

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Stop Complaining About Housing Prices and Start Looking for Solutions

(49) Comments | Posted August 25, 2015 | 6:14 PM

Earlier this year a Vancouver-based Twitter campaign with the hashtag #DontHave1Million garnered significant media attention, raising awareness of the affordable housing crisis in that city. Politicians keen on capitalizing on this fundamental concern among young voters have conceived programs to assist this disenfranchised group. Stephen Harper has promised...

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Alberta Residential Construction setting New Record Highs in 2015

(0) Comments | Posted July 8, 2015 | 7:26 PM

The economic climate in Alberta changed in 2015 - but it doesn't look like that's reflected in the new housing market. In fact, Alberta housing continues to be built at record levels.

Typically, during tough times, the housing industry takes a major hit. Volatility and uncertainty are disliked by both...

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Are Housing Experts being Narrow Minded Again? Why They Shouldn't Overlook a Rapid Rebound in Alberta

(2) Comments | Posted May 1, 2015 | 12:47 PM

Part of my duties as Senior Vice President at Fortress Real Developments is to prepare both micro and macro level studies for clients and partners, as well as give presentations on the housing market to real estate investors, brokers, and prospective homebuyers. I published a robust 50-page report...

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More Jobs Coming to Calgary and Edmonton in 2015 Despite Oil Price Fears

(1) Comments | Posted March 10, 2015 | 2:22 PM

What a difference a few months make. Throughout 2014, Calgary and Edmonton were ranked as the top two Canadian 'Markets to Watch', both ranking high for investment, development and housing prospects. That ranking would likely be different today: low oil prices have thrown a monkey wrench into developers' 2015 plans....

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