Fair is a pretty relative term in the commercial real estate universe.
It depends entirely on which side of the transaction you are as to what your perception of fair may be.
In regard to commercial leasing, does fair apply to the landlord or tenant?
Last week Saskatchewan Premier Scott Moe announced a phased in plan to reopen the province for business in the wake of Covid-19.
While some people are saying it is too soon, most agree that it has been long enough.
So how will this unfold for commercial real estate tenants?
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.
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.
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.
Christmas is a time to reflect and appreciate all the good
things that happened over the past year.
Commercial real estate agents are no different.
And as such, I submit to you the greatest gifts tenants,
landlords, buyers and sellers gave me in 2019.
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.
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
There is much discussion taking place regarding the increasing challenges we face in Saskatoon’s city core.
I see little written about it.