Despite patting ourselves on the back for flattening the curve in Saskatchewan, we flatlanders are not out of the woods yet.
In the anticipated build up to employees returning to their traditional workspaces, stringent protocols will be in place for office users in particular.
A return to our previous normal practice seems a long time away and some speculators predict the Covid-19 pandemic will change office interaction permanently.
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 to early to assess
how property values will be affected.
It is however, becoming clear which sector will emerge as
strongest asset class.
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
It is certainly weird times out there right now.
With no one able to predict how long this will last, it is
imperative that we remember to support local business as they’ll be struggling
along with the rest of us.
But how can I support local business if I can’t leave my
This question that was asked of me yesterday triggered the notion that there was a need to write about it.
Each of these three valuation processes have different end goals. It’s important to understand which value can be relied upon to represent fair market value.
a real estate broker or accredited appraiser is gathering information to
determine a value, neither the insurance nor assessed tax values are taken into
what everyone wants to hear. If you’re hoping for a high value, you’re more
likely to quote the number stated on your insurance policy. Let me explain.
Megatrends are often described as powerful and transformational
forces that can change economy, business and society over the course of
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
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?
There are times in life where I’ve failed or hit the wall. In those moments, it’s easy to become engulfed with negativity.
However, reflecting objectively on those grim times, they’ve consistently happened for a reason.
Commercial real estate investing is all about how hungry you are for specific product types.
This desire will, in many ways, be fuelled by your aversion to
How much risk do you think you can chew?
I think it’s fair to say that we don’t recommend people and
their services if we don’t like them.
The problem, however, is that often liking someone can
hinder us from really considering if you’d recommend them.
Confused? Consider the following…
I promised you that I’d hold myself accountable in my Jan 2019 post and report back to you.
So, how did I do? At that time, I predicted a decline in the
overall Saskatoon Industrial vacancy rate from 6.8 per cent to 6 per cent.
That’s after a significant 2 per cent decline in 2018 and a 0.9 per cent decline to 6.8 per cent in 2019.