Ongoing expansion in our Saskatoon commercial retail sector has resulted in the overall supply exceeding demand.
Our 3Q19 retail market update reports the average vacancy rate has edged up to 4.6 per cent.
Let’s look at where that expansion is taking place and the
market locations where the most interesting vacancy story can be told.
The City of Saskatoon has tabled their epic discussion on a
two-year budget for 2020/2021.
While the preliminary budget released this summer projected a 3.97 per cent property tax increase overall, we can all breathe a sigh of relief because it will only be 3.7 per cent.
Wait, what the heck?! That’s still a lot!
This is not good news for anyone, especially commercial
property owners who already carry a greater tax load than their residential
The overall Saskatoon vacancy rate has been trending lower
since its peak in 2016. Our Q319 Industrial Market survey reports an overall
current vacancy rate of 6.04 per cent.
That one number does not, however, reveal the complete story.
I consider a rate under 5 per cent to reflect a relatively
How close are the eight submarkets to regaining balance?
Here’s an overview along with the factors that are important to consider surrounding that question.
Canadians have never been more in love with household pets.
According to the latest statistics from the Canadian Animal
Health Institute (CAHI), there are 8.2 million dogs and 8.3 million cats in
That’s a ten per cent increase over the past ten years,
This equates to approximately 41 per cent of all homes
having one dog, or 37 per cent having one cat.
It’s no surprise then that the pet business is booming.
As a commercial real estate broker/advisor, the type of
assignments I take varies significantly.
They’re never boring; there’s a different nuance to every
I started my career in real estate sales when I was 20 years
old and to this day, still find it immensely rewarding when a client’s goals
are met through a closed transaction.
I was privileged to be invited along on yet another great ICR sales adventure, with the company treating us to a trip to Nashville this past month!
Nashville, Tennessee is known best by its nickname of Music City
as the home of country music.
According to a study completed through Belmont University, the
City is home to over 80 record labels, 130 music publishers, 180 recording
studios, 27 entertainment publications and estimated 5,000 working union
Belmont estimated in 2006 that the music industry, through tourism
as well as direct and indirect industry spending contributed $6.38 billion to the
Quite the economy indeed, when you consider the first citizen to
inhabit Nashville had a wildly different background from music.
It seems like just yesterday that Justin Trudeau shocked
Westerners with a decisive victory in the 2015 federal election.
However, it’s been a brisk four years and now everyone’s
hitched back up on the old campaign trail.
As is the season, all parties are setting their plans
forward for Canadians should they get a chance to lead.
I may have to read between the lines a little, but is there
anything in these election promises for the commercial real estate industry?
It was represented to you that you have an option to renew.
There is a specific clause in your lease that spells out
details of that option to renew.
However, can that clause effectively achieve what you intend
Technically, I suppose they’re both!
Though apartments buildings may exist in traditional
residential zoning, they absolutely qualify as a commercial investment
I started writing my blog to increase my social media footprint. While it has helped, it’s no longer my purpose.
Rather, I now enjoy expressing my thoughts on issues that pop up in my week. It’s usually something that has happened that inspires me to write about a topic…here’s what’s on my mind.
I want to work with a professional, whether it may be financial, medical or technical, that’s prepared to, at times, tell me what I need to hear.
If I am working with an individual or firm that is always selling me and/or agreeing with my line of thinking, I’m inclined to move on.