Ho, Ho, Holding out hope for next year

The past year has been a roller coaster for the commercial real estate industry.

Just when it looked like were gaining traction it seemed the world had another thing in store for us.

But I’m hopeful for 2021 and therefore I choose to focus on what’s in store for us.

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Industrial sales close in the blink of an eye

This may sound counterintuitive as we navigate the economic impact of a pandemic.

But I’ve recently reported that our Saskatoon industrial vacancy rate actually dropped in 3Q20 demonstrating the economic resilience of this asset class.

Two industrial properties I recently brought to the market sold within one week. 

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Don’t discount retail discounters

Price slashing. Mark downs. Lower prices. Discounted goods.

The word discount conjures up a variety of value for many consumers.

Discount is a deduction from the usual cost of something.

The irony of that rationale is by who’s standard is the cost of something?

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Investors should be parking cash in industrial CRE

In spite of the negative economic impact of COVID-19, the sale and lease activity within our existing industrial market continues.

The vacancy rate has risen marginally by 0.12 per cent to 5.86 per cent, according to our recent Q2 market report.

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The mall needs to be okay

I’ve not been shy about my love affair with the traditional interior mall as a retail institution.

While skeptics have been predicting their inevitable death, the interior mall seems to innovate and survive in spite of its critics.

But could the disruption of the Covid-19 pandemic finally have done them in?

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Coronavirus claims another victim: SK economy

Reporting to you live from Saskatchewan, stay tuned for more economic spinoff from the Covid-19 pandemic!

And by spinoff, I mean spinning off the tracks or wheels or whatever analogy you’d like to lend.

The Saskatchewan government delivered their budget three months late mid-June, with a big fat $2.4 billion deficit ribbon on top.

It’s a gift no one wanted, and we can’t return to sender.

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Industrial will evolve as the preferred CRE asset class

The sudden, real impact of COVID-19 can be seen in supply chain disruptions, lower consumer confidence and reduced consumer spending.

Trying to measure the macro picture, the scope and duration of the economic stoppage is not easy.

For those corporations who are currently sitting on surplus capital, waiting for the bargains to surface, it is still too early to assess how property values will be affected.

It is however, becoming clear which sector will emerge as strongest asset class.

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What might CRE look like after Covid-19?

There is no question about the effects of the Covoid-19 pandemic on Canada’s economy.

This sudden misfortune has tested the strength of the commercial real estate industry in ways we’ve never encountered before.

So what does the future hold for tenants when this is all over?

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Is there mega concern for megatrends?

Megatrends are often described as powerful and transformational forces that can change economy, business and society over the course of centuries.

Obvious examples of this would be the use of electricity, the creation of the automobile and in the most recent past, the adoption of the Internet.

We follow quarterly and annual trends in our markets, but what are some of the megatrends being predicted for our economy as they may affect commercial real estate specifically?

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Shining sector re-emerges in YXE commercial real estate

After reaching a record high vacancy rate of 10.3 per cent in 2016, the multi-family sector has rebounded.

The latest CMHC report, which was just released, indicates as of Oct 2019 that rate dropped to 5.7 per cent. That’s a significant decrease in just three years, 4.6 per cent to be exact, despite a rising supply of new rental units.

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