Industry Outlook; 2026 & Beyond - Peter Norman - Altus Group (#41)
Peter Norman is the Vice President and Chief Economist at Altus Group, where he leads the firm’s national economic advisory and market research practice. With more than 25 years of experience in real estate economics, he is recognized as one of Canada’s foremost experts on housing markets, construction trends, and development forecasting.
Before joining Altus Group, Peter worked as Vice President at Clayton Research Associates and as an Economist with the Bank of Montreal. A frequent speaker and media commentator, he provides data-driven insight into affordability, demographic change, and investment strategy—helping developers, policymakers, and investors navigate Canada’s evolving real estate landscape.
In this episode of the Real Estate Development Insights podcast, our host Payam sits down with Peter Norman, Vice President and Chief Economist at Altus Group. Together, they explore a wide range of topics critical to the real estate development industry, from shifting demographic demands and historical market data to current trends impacting the commercial real estate industry outlook. They dive deep into the importance of affordability, macroeconomic considerations, infrastructure finance, and the role of government initiatives in housing development. This comprehensive discussion provides invaluable insight for developers, investors, and professionals navigating the evolving landscape of real estate.
- Canada Commercial Real Estate Outlook
- Macro-housing outlook: Canada 2025
- Affordability as a structural driver in the GTA
- Impact of Demographic Shifts
- The shift to rental and multi-unit products in Canada
- Pre-sales risk in Ontario/BC and conversion to rental
- Pent-Up Demand and Future Projections
- Affordability and Productivity in Housing
- Investment Strategies for Real Estate Developers
- Top metrics developers and investors must watch
Retail and Office Space Market Outlook
Altus Group is a trusted partner to some of the world’s leading commercial real estate (CRE) investors, managers, and advisors, seamlessly connecting its capabilities across the business to deliver the on-demand performance intelligence the industry requires. By leveraging its proprietary ARGUS technology, investing in data standardization, and generating actionable insights, Altus Group empowers clients to make informed decisions, mitigate risks, and achieve exceptional returns.
Webinar Library
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Construction Innovation ChecklistÂ
This document is a supplementary resource to
episode #24 of the Real Estate Development
Insights Podcast in which Payam Noursalehi shares a practical framework for evaluating and selecting the most suitable innovative systems for your next project.Â
