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
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.Continue Reading
Ongoing expansion in our Saskatoon commercial retail sector has resulted in the overall supply exceeding demand.
Our 3Q19 retail market update reports the average vacancy rate has edged up to 4.6 per cent.
Let’s look at where that expansion is taking place and the market locations where the most interesting vacancy story can be told.Continue Reading
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 Canadian households.
That’s a ten per cent increase over the past ten years, reports CAHI.
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.Continue Reading
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 deal!
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.Continue Reading
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 think we’re eating in linens right now,” I said casually to my mom recently.
We were taking in the tastes offered by Midtown Common, the new Midtown Plaza food court located in the Sears vacancy.
Any semblance of the historic retailer, however, has all but disappeared.
The shopping space has been replaced with exposed concrete and a modern look.
Basically everything Sears wasn’t.Continue Reading
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.Continue Reading
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
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