With no uniform standards for builders to follow regarding what sort of internet connection to install in a new property, there are discrepancies from one building to the next, even on the same street.
Cap rates and the direct capitalization approach to valuation is a useful tool to have in your toolbox as an investor. However, there are many supportive or alternative valuation methods besides just this one.
Tenants expect their building to be compatible with their company’s technological needs, which is why commercial real estate owners and developers need to provide workspaces that meet the ever-evolving digital needs of companies.
In eight of the 10 Canadian cities surveyed, commercial tax rates were at least double those of residential tax rates. Vancouver, Toronto and Montreal posted the highest commercial-to-residential ratios in the country.
In collaboration with OREA, the London and St. Thomas Association of Realtors (LSTAR) held its Commercial Emerge Conference. "There was an incredible wealth of knowledge and expertise on display," says LSTAR CEO John Geha.
JLL has added six professionals to its capital markets and industrial teams across Canada. Alison Chave has joined as vice president and practice lead for national debt brokerage and advisory services and will be based in Montreal.
Unfortunately, due diligence is perhaps best approached with the belief that the vendor is trying to hide something from you. Because of this, it's wise to go in knowing your answer to the following questions.
REM (Real Estate Magazine) is Canada’s premier monthly magazine for real estate professionals. REALTORS®, real estate agents, sales representatives, brokers, owners, administrators, and other real estate industry stakeholders read REM every month for news, analysis, and commentary on Canadian real estate.
REM is independently owned and operated, and is not affiliated with any real estate association or board.