Services
Clayton Research approaches residential studies from an economic
perspective, with a solid understanding of real estate markets,
the land development process and the housing policy environment.
Studies can range in scope from concise letters of opinion to detailed
reports. Our in-depth market analyses are enhanced by the use of
our in-house residential demand and buyer profile models.
Site-Specific Market Studies
Clayton Research can assess the market opportunity for developing
new housing of all kinds on sites ranging from small infill properties
to large-scale communities. In the context of the existing and expected
market conditions in the applicable local market area, we identify
the target buyer or renter groups, the expected demand arising from
these groups and the positioning of the site relative to the existing
and future competition, and recommend appropriate housing types,
tenure, unit sizes, lot sizes, unit prices or rents and project
amenities. Clayton Research has developed a particular expertise
in studies for all forms of adult lifestyle housing.
Strategic Business Planning
Whether you are looking at new opportunities in your existing market(s)
or entry into a new locale, Clayton Research can provide insights
into short term and longer-term market trends and prospects. We
begin by gaining a thorough understanding of the clients needs
and objectives and then provide the necessary information, analysis
and strategic advice to enhance their decision-making. We work with
you to identify the opportunities that fit best with your companys
business objectives.
Government Approvals
Often, a developer or builder requires a residential analysis to
be submitted in support of an application for a change in land use,
change in density, and demolition of existing housing or conversion
of units from rental to condominium. Clayton Research has prepared
all types of reports for submission to all levels of government,
including many studies of housing need for urban area boundary expansions.
Clayton Research is well respected for these analyses having gained
a thorough understanding of the key elements required for defensible
submissions through its extensive work for both the private and
public sectors.
Consumer Research
Clayton Research conducts mail and telephone surveys related to
existing and proposed development to gain insights into topics such
as housing and community preferences, project design and customer
satisfaction. These surveys can be stand-alone assignments or, as
is often the case, a component of a larger market study. Focus groups
are sometimes undertaken to gain additional insights into consumer
response to proposed housing concepts. The firm has also been conducting
the semi-annual PULSE survey of new homebuilders and renovators
for the Canadian Home Builders Association since 1989.
Housing Policy
In Canadas mixed economy, the evolution of housing policy
is a constant on both the public and private sector agendas. Through
meaningful research and analysis, Clayton Research assists clients
to evaluate proposed or existing policy options, and recommends
changes where desirable. The firm works with industry associations,
government and individual firms. It is widely respected for its
broad perspective on policy issues -- and it has the credibility
to get key messages heard.
Experience
Examples of the some residential assignments undertaken by Clayton
Research are outlined below:
Greater Toronto Area Condominium and Rental Apartment Study
A large developer of condominium and rental apartments in western
Canada was looking to enter the Greater Toronto Area market. After
meeting with the client to discuss their business plan objectives,
Clayton Research prepared a comprehensive analysis of recent condominium
and rental apartment market trends, a market outlook for short to
medium term demand, an assessment of the opportunities and constraints
that would face the developer and an analysis of the particular
market segments and geographic locations that would offer the best
market opportunities taking into account the clients business
objectives.
Adult Lifestyle Community in the Greater Toronto Area
Clayton Research has done ongoing work for the Ballantrae Golf
and Country Club, a 900-unit adult lifestyle community currently
under development and one of the most successful adult lifestyle
communities in Ontario. We first prepared a market analysis for
both internal use by the client and project team to help design
the community and homes and also for submission to the Town of Whitchurch-Stouffville
in support of an official plan amendment to permit the development.
A subsequent report was prepared in response to a peer review by
another consultant. Most recently, an updated market analysis has
been prepared in support of an application to allow the next phase
to proceed.
Park Lane and Mill Cove Apartment Sites, Halifax
The firm undertook analyses of the market potential for the development
of condominium and/or rental apartments on two separate sites, one
near downtown Halifax and the other in Bedford, on behalf of Atlantic
Shopping Centres. The studies examined the target buyers/renters,
potential absorption rates, recommended tenure, optimal building
sizes, unit sizes, price and rent ranges, and in-suite and common
area amenities.
Village of Brooklin, Whitby
Clayton Research has been conducting ongoing market research for
this new community, which received the Project of the Year award
in 1994 by the Ontario Home Builders Association. This work has
included regular updates of the original demand analysis prepared
by Clayton Research, a mail survey of potential buyers, analysis
of potential for an adult lifestyle housing enclave within the community
and participation in strategic planning sessions with the key decision-makers.
The Rental Housing Problem in Ontario
To gain a better understanding of the rental housing problems in
Ontario, the Fair Rental Policy Organization (FRPO) commissioned
Clayton Research to provide an independent examination of the rental
housing market situation in Ontario and appropriate government initiatives
for dealing with the key problems. The study focused on Ontario,
the Greater Toronto Area and the rest of Ontario. It identified
potential changes to taxation and other policies that could be considered
by the federal, provincial and municipal levels of government.
Expertise
Robert Feldgaier, Vice President, Residential Services, oversees
the residential studies practice at Clayton Research. Mr. Feldgaiers
expertise has been gained through more than 10 years as a consultant,
involved in a variety of assignments across Canada, and over 8 years
with a large public real estate company. Frank A. Clayton, President,
also has extensive background and experience in residential market
structure. Read more about Robert
Feldgaier, Frank A. Clayton
and other senior staff members.
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