The COVID-19 pandemic is having widespread effects on businesses across the country. By mid-March, 73% of companies were already feeling the negative effect of the crisis, according to a BDC survey of over 600 Canadian entrepreneurs. In times of crisis, cash becomes even more important than it usually is for a company. Creating a detailed continuity plan and cash flow forecast […]
As the tech industry in Canada continues to grow and expand, it is having a large impact on the commercial real estate market. It’s seeing its largest growth in Vancouver, Toronto, Kitchener-Cambridge-Waterloo, and Montreal. The booming tech industry has led to an even greater demand for office space as vacancy rates continue to decline. Office […]
As we reach the end of 2016, we look towards the next year. What does 2017 have in store for commercial real estate? While we cannot predict the future, there are few trends that we would like to note as the next year is right around the corner. Demand […]
In a recent announcement, the Environment Minister of Canada stated that the federal government’s buildings will run on green power by 2025. The Government’s Plan to Go Green In terms of cost, the Environment Minister says that renewable electricity has become very competitive with fossil fuels and she believes it will be on par by […]
Recently, KPMG released a report that Toronto has approximately a million non-resident parking spots. Is this space being put to the best use? A recent article by the Torontoist argued that there should be a commercial parking levy to discourage the continued development. There are other cities that have introduced […]
Vancouver recently introduced a new rule that will likely affect foreign buyers – a 15% new tax on purchases of $2 million for residential real estate. However, this tax also has a large impact on commercial real estate as well. New Tax includes Multi-Residential Properties While some people may think this will only affect residential, […]
Foreign buyers have been one of the biggest factors in this super hot Canadian real estate market over the years, but the question is: Will it continue? Chinese buyers have made up the majority of foreign buying in Canada. Last year, $700 billion to $1 trillion U.S. dollars left China. A lot of the money […]
If you’re looking to purchase a commercial property, you will want to have an inspection to determine the condition of the property and the cost of any repairs. An inspection is crucial to help you make a good investment decision. There are a number of aspects involved in a commercial property inspection, here are some […]
The words “green” and “sustainable” gets thrown a lot for commercial and residential real estate development. But what is a green or sustainable building and what is happening in Canada for green building development? A Green Building is an environmentally sustainable building, designed, constructed and operated to minimise total environmental impacts. The main ways to […]
With everything going on the world, you may be wondering how this will affect real estate here at home in Canada. We look at the trends happening right now and how it will impact us: 1. Strong U.S Dollar May Be Positive for Canada The strength of the U.S dollar could benefit Canadian Real Estate […]
