As a commercial real estate broker/advisor, the type of
assignments I take varies significantly.
They’re never boring; there’s a different nuance to every
I started my career in real estate sales when I was 20 years
old and to this day, still find it immensely rewarding when a client’s goals
are met through a closed transaction.
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?
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
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.
The modern hotel concept sprung up in Europe around 1768.
Before hotels, travelers pitted in at coaching inns which
tended to the needs of the traveller and their livestock.
Travel was considerably less common due to restriction of
time and distance prior to the proliferation of the railway system.
But with advances in travel came the need for short term
To say we’ve advanced past seeking a place to lay our head,
however, is understatement.
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.
The vibrancy of a city’s core creates the fabric of the
community. A safe downtown gathering place provides an ambiance that
reverberates throughout the city.
Who decides the definition of “safe”?
It’s a subjective word that may have different meaning to different people. I have my own translation and believe that “safe” is achievable.
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
But what happens when issues arise beyond your control that
negate those agreed upon timelines?
speaking, it depends on where you live on this earth.
Globally there are
still approximately 2.7 billion women restricted from doing the same jobs as
But that’s not
necessarily true in North America, right?
Okay, how about this
more relatable fact: only 5 per cent of the Fortune 500 companies have female
When we look at the
general workforce, approximately 63 per cent of women (aged 25-54) participate
in the labour market; that compares to 94 per cent of men in the same age category.
The statistic doesn’t
tell us where those 37 per cent of women are or why they aren’t participating
but it certainly highlights the imbalance between genders.
So it’s agreed, there
is still some work to do.