Is open office right for your business?

There is definitely a trend in the commercial real estate industry to open office concepts.

There are a number of reasons why it works for some office users, but it may not make sense for everyone.

Continue Reading

What does 2020 have in store for the commercial real estate market?

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.

Continue Reading

Saskatoon property owners face tax increase, commercial owners’ shoulder greatest burden

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 counterparts.

Continue Reading

Agreement for Sale vs Vendor Takeback: which is really better?

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.

Continue Reading

Federal election implications for CRE

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?

Continue Reading

I want the advisors I engage to challenge me

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.

Continue Reading

Are government employees sicker than the rest of us?

Too sick for work can be a subjective term.

I must admit I’ve pushed the limits and found myself exiled from the office on more than one occasion for coming to work when I should legitimately be at home.

I would say my average yearly sick days would even out around 3 or 4 maybe.

Which puts me well below recent statistics that say government employees are averaging in at 12.2 days lost per year.

Continue Reading

When time is not on your side

A focus on deal timelines are a necessary evil in our commercial real estate world.

They are the thread that binds conditional lease and sale transactions.

But what happens when issues arise beyond your control that negate those agreed upon timelines?

Continue Reading

Could a long-term national lease devalue your commercial real estate?

We were recently called in to value and market a single tenant property with an existing lease in place. The tenant had been granted an option to renew during their last renewal negotiation.

I informed the owner that we would have been able to achieve a higher price if we were able to go to the market as a vacant property.

Continue Reading

3 ways to make sure you DON’T lease up a vacancy

Oh sure, everyone has ideas about how to get a space leased up.

But when is the last time someone made a list about how not to get a space filled?

Wait no more, landlords, I have a list as such for you.

Continue Reading