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.
There are many real estate investors who wish they’d just
got into a market before a boom.
Appreciation of real estate investments has made many people
wealthy over time.
For those willing to take the risk, the reward can be real.
There are important elements to consider when reviewing a business with the intent to purchase.
Taking the time complete a thorough investigation is critical to discover the hidden facts.
As I looked into the eyes of a classroom of entrepreneurs
last week I wondered what wisdom I could impart.
My first thought was, good on you. You’ve found a passion
and you want to share it with the world!
My secondary thought was, awesome, here comes a commercial
real estate agent ready to deflate all your hopes and dreams.
But I have heard this comment before, so let’s get it out in
the open and have a chat about it.
Our Lady of Paris, the literal translation for Notre-Dame de
Paris, has received an outpouring of public sympathy following a devastating
fire last week.
Having seen Notre-Dame in person I can tell you it’s something
The full cost of the fire is still being tallied but I’m not
sure you can put a price on something that is nearly irreplaceable.
There are times when it is not wise to invest in commercial
Alternatively, many potential investors don’t take the plunge out of fear of the unknown and years later regret it.
Let’s look at some examples of when you’d be advised not to
I purchased my second single family home in 1979. It was located at the end of a quiet cul-de-sac in a good neighborhood.
The downside was it backed onto a retail strip mall. That wasn’t a concern for me however because everything within that retail corridor was one storey.
Within a year of owning the home, it was announced that a five-storey office building would be constructed overlooking my rear yard.
I immediately sold the property.
Even though the project was public knowledge, I believed it would be easier to sell before it could be seen that the windows in that towering structure would have a full view of my yard.
From that early, first hand experience I can relate to
homeowners that are suddenly faced with a project that significantly impacts
the value of their home.
The Regina Leader-Post published an article in 2008 with Stu
Rathwell, a franchise partner in the new Regina’s Chili’s Grill and & Bar.
Stu shared that his Saskatoon location would be open by that
His optimism about the Chili’s brand was hopeful; if things
took off as he was hoping, he predicted people could expect to see several more
open across the province.
Fast forward to 2019.
If you happened upon Saskatoon’s Preston Crossing the last
week of February, you may have caught sight of Stu’s dream deflating right before