Westman Centre for Real Estate Studies

Thought Leadership

Westman Centre for Real Estate Studies 

The Westman Centre for Real Estate Studies works collaboratively with industry leaders and faculty from business and beyond to advance thought leadership for the real estate industry.

Alexander Whalley headshot

Alexander Whalley, PropTech Fellow

Professor Whalley's research interests are in urban economics, labour economics, innovation and productivity. His work has been published in the Journal of Political Economy, Review of Economics and Statistics, American Economic Journal - Economic Policy, and the Journal of Public Economics, among other outlets. Professor Whalley teaches courses in economics and real estate.


Future of Real Estate series

This year, the Westman Centre launched a new engagement series, Future of Real Estate, where academia and industry converge to engage in meaningful discussions relevant to both communities. Our first edition assessed the lingering impacts of working from home on the future of real estate. The prevalence of remote work exploded at the onset of the COVID-19 pandemic. As the nation continues moving toward a “return to normal,” the discussion centred around what we have learned about working from home and how trends continue to influence the real estate industry.  

The event showcased the extensive research and data collected through the work-from-home and return-to-office movements that have impacted real estate since the start of the pandemic. Following this keynote presentation on work-from-home data by the Westman Centre’s Proptech Research Fellow Dr. Alex Whalley, leaders from various real estate industry sectors shared their perspectives and what they expect to see in the future.  

Dr. Whalley's presentation explored the impact of changing work locations on tenant dynamics, asset management and markets.

Key research insights

Where does the US stand?

In the US, less than 10% of employees aged 20-64 worked from home pre-pandemic. This number soared to 60% in 2020 and had held steady at 30% for the last two years.

Where does Canada stand?

Globally, Canada leads with the highest number of days working from home per week at 1.7 days.

Effect on technology advancement

Technology supporting work-from-home is advancing rapidly; the share of new patent applications for work-from-home technologies has doubled in recent years.

Future of real estate breakfast photo with audience and panelists

Panelists consensus

Panelists agreed that, regardless of the future of remote work, there is a strong demand for greater autonomy and flexibility in work schedules. 

Without open, trusted and transparent collaboration between industry and academia, our economy will not be able to meet its potential. It is on us as business leaders to stay vested and committed to continuous learning.

Dr. Sandip Lalli

Former President and CEO, Calgary Chamber of Commerce