Reforming Canada’s Rental Housing Market with Richard Lyall, President of RESCON

Commercial Real Estate Podcast

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In this episode of the Commercial Real Estate Podcast, hosts Aaron and Adam connect with Richard Lyall, President and CEO of RESCON. This non-profit organization represents builders of Ontario’s low, mid, and high-rise residential buildings. Richard discusses his journey in real estate, the evolving construction industry, and the challenges facing Canada’s rental housing market. Topics include labor shortages, development charges, and the need for housing reform through technology, modular construction, and a streamlined approval process. Despite the challenges, Richard remains optimistic about the future of the housing industry.

Here are the key talking points from the episode:

• Richard’s journey in real estate
• Evolution of the Construction Industry
• Rescon’s Core Mission
• Key Challenges in the Affordable Housing Market
• The Disconnect in Tax Structures
• The Impact of Immigration and Housing Demand
• Calls for Policy Reform

More about our guest…

Richard is an accomplished and experienced executive who has represented the residential construction industry in Ontario since 1991. He is a frequent speaker and popular source quoted by the media on construction industry issues. His insightful columns appear regularly in The Toronto Sun, Canadian Real Estate Wealth, Storeys, Builder Bites, Daily Commercial News and Canadian Construction Business.

He has a successful track record in advancing RESCON’s vision, mission and values through his high-level board and strategy work. He was honoured with the 2019 Canadian Lifetime Volunteer Award from the International Foundation of Employee Benefit Plans for enriching the organization’s educational efforts. He is also on a steering committee of the Chicago-based Council on Tall Buildings and Urban Habitat. He is also on the Ontario Housing Supply Action Plan Implementation Team.

Episode Highlights

• 00:00 – Intro
• 02:31 – Richard’s Journey in Real Estate
• 07:16 – Evolution of the Construction Industry
• 12:46 – Rescon’s Core Mission
• 15:31 – Key Challenges in the Affordable Housing Market
• 21:01 – The Disconnect in Tax Structures
• 24:16 – The Impact of Immigration and Housing Demand
• 27:01 – Calls for Policy Reform

Episode Resources

• Richard Lyall on LinkedIn
• RESCON Website
• Aaron Cameron on LinkedIn
• Adam Powadiuk on LinkedIn
• First National Website

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