Did you know when you’re buying or leasing that you can
engage a commercial broker to search listings, organize viewings, and write
offers, among other duties, for the low cost of… ZERO?
This relationship is referred to as a Buyer’s broker and as
the name suggests, they work for you and you alone.
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?
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?
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.
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.
I’ve never professed to be a psychic, but I think looking over the trends of the past year I can safely make a few bets on the commercial real estate market for Saskatoon in 2020.
With commercial mortgage rates at historic lows and good availability of funds, we don’t find occasion where these alternative finance options are often used.
There are however times when an alternative strategy is required for the buyer to fund the deal.
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?
Technically, I suppose they’re both!
Though apartments buildings may exist in traditional
residential zoning, they absolutely qualify as a commercial investment