[vc_row][vc_column][vc_column_text] COMMERCIAL CHEAT SHEET Commercial brokering is about more than lending proposals. For brokers doing even the occasional small-property deal, a working knowledge of property types is key, writes commercial agent Tarun Gupta...read more
[vc_row][vc_column][vc_column_text] Economic conditions have made commercial property investing a more viable option for more investors. Is now the time to consider reducing or increasing your Toronto commercial real estate investment portfolio? ...read more
The Canadian real estate industry was abuzz from coast to coast over the recent Bank of Canada (BofC) monetary policy report released by Bank Governor Stephen Poloz. The central bank has modified its outlook for economic growth, forecasting 1.6 per cent this year and predicting increases in 2014 to 2.3 per cent and 2.6 per cent in 2015, a notable downgrade from their July forecast. BofC predicts economic recovery by the fourth quarter of 2015 and announced that the key interest rate will remain at one per cent, at least until then, possibly beyond. BofC’s warning of an inevitable …read more
[vc_row][vc_column][vc_column_text]Q: I currently own a small office complex and am considering other types of commercial real estate investment, but am not sure which direction to take. Should I stick with office space or branch out?
A: Retail and Office real estate accounted for only 10% each of all commercial property leased in the GTA during the third quarter of the year. This recent two-minute video report from TREB Senior Market Analyst Jason Mercer illustrates that, “80% of leasing activity was accounted for by the industrial segment of the marketand industrial transactions were up… approximately 30%,” making industrial properties …read more
Q: My partner and I own six rental houses and a duplex. We want to continue to grow our real estate portfolio. With house prices and interest rates creeping up again, should we sit tight or continue to buy more homes?
A: Single-family home prices and the cost of mortgages are on the rise again, yet incremental increases such as we are now seeing merely keep step with the economy, presenting no real threat to your investment plan nor a compelling reason to curtail your commercial real estate activities as a residential property investor. Nonetheless, in general-…
[vc_row][vc_column][vc_column_text]Q: I have a very small hotel that used to be popular but the area has become less desirable to tourists. The only steady clientele now are mainly visitors to a nearby hospital, though not enough to sustain the business. I’m thinking of upgrading the premises into a more boutique-style hotel, but am not confident that the capital outlay would mean an increase in tourism. What do you suggest?
A: Rather than upgrade your premises in the hopes of attracting more business in an ebbing market, rethink the current use of your commercial real estate. Consider your neighbours …read more
Q: We’re looking for land in the GTA to build our company headquarters. Where would you suggest?
A: On the heels of a similar announcement from Air Canada in late 2012, Canon Canada Inc recently announced that they, too, are building new corporate head offices in the GTA. After careful assessments, each company chose to headquarter in Brampton, Ontario.
Brampton Mayor Susan Fennell announced in January, “I’m thrilled that Canon Canada, a globally renowned company, will open its new corporate headquarters in Brampton. It’s a great boost to Brampton’s economy.” Mayor Fennell later added, at the February …read more
Q:My partner and I want to capitalize on a commercial property we own together, so are considering either developing or selling it. It’s several acres and zoned for most uses. Which do you recommend?
A: Your property is not only in one of the fastest-growing real estate markets in Canada, but also in the most well-planned. Forecasts predict that Ontario’s Golden Horseshoe area will grow by 3.5 – 4 million by 2031, increasing the population by nearly 50%. Leading the way on urban planning, Places to Grow is the official land-use plan for …read more
[vc_row][vc_column width=”1/1″][vc_column_text]Q: An investor has expressed interest in buying my apartment building to convert into condominiums for resale. Hasn’t the height of the condo market seen its day in Toronto?
A: The GTA’s condominium market is alive and well. Recently appointed Vice President and Deputy Chief Economist for TD Bank Group, Derek Burleton, leads a team of financial analysts and is the author of respected economic reports like, “A New Normal: Canada’s Potential Growth During Recovery and Beyond.” Burleton kicked off the new year serving as the 2013 Outlook Keynote Speaker at a January industry event hosted by …read more