Leadership
Eve Lewis
CEO and Founder
Eve’s entrepreneurial passion for real estate began with Urbanation, founding the company In 1981. Since then, Eve has advanced the concept that up to date, well-founded research can substantially mitigate many of the risks involved in the development process. Eve’s experience, knowledge and ability to foresee trends in the condominium market continues to advise Urbanation’s overall vision.
Shaun Hildebrand
President
Shaun leads the team at Urbanation, armed with a background as an economist and 20 years of experience in residential market analysis. Shaun is a thought leader in the residential development industry, guiding Urbanation’s market insights, research strategy, and product expansion. Shaun is a highly sought after commentator and presenter on the housing market and acts a prominent industry spokesperson.
1981
Urbanation launches. New condo sales totaled less than 2,000 units for the year with average prices under $100 psf.
1986
The 1980s housing boom saw new condo sales in the GTA peak at nearly 13,000 units.
1990
A record low of only 644 new condominiums were sold as the economy entered into a prolonged recession.
1993
New condo prices fell to an average of $156 psf – a more than 40% drop from the 1989 peak of $264 psf.
2002
The new condo market recovered from the 1990s as sales reached a record high of over 15,000 units and average prices approached $300 psf.
2007
New condo sales surpassed 20,000 units for the first time.
2008-2009
The Global Financial Crisis caused annual new condo sales to fall below 15,000 units for the first time since 2004.
2010
Urbanation launches the UrbanRental subscription, the first ever detailed reporting on secondary market rental activity for condominiums.
2011
New condo sales reached a record high of 28,000 units and average prices surpassed $500 psf for the first time.
2015
Urbanation adds new purpose-built rentals to its UrbanRental subscription service, recognizing the emerging interest for new rental development for the first time in decades.
2016
Urbanation acquires The Marsh Report, expanding the company’s research into the commercial real estate sector and providing a launch pad for our land sale subscription service.
2017
New condo sales in the GTA reached a record high of 35,000 units, with prices surging by over 30% to nearly $900 psf. Urbanation expands its coverage of the GTA to include Hamilton.
2020
The global pandemic saw new condo sales fall to a seven-year low of 18,000 units. The 905 Region represented the majority of sales for the first time as prices surpassed $1,000 psf.
2021
New condo sales in the GTA surpassed 30,000 units for the second time as interest rates dropped to record lows. Urbanation expands into the Ottawa Region.
2023
Urbanation partners with Rentsync to launch the Rental Expansion database, which tracks market rents in real-time across the entire stock of purpose-built rentals.
2024
New condo sales fall below 5,000 units for the first time since 1996 following a sharp rise in interest rates. Urbanation expands its coverage to the Greater Golden Horseshoe.
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