All commercial real estate transactions involve risks. Due diligence attempts to identify these risks, whether they relate to a property’s market, physical, financial or legal profile, so buyers can make informed decisions that set their business on solid footing. An Environmental Site Assessment – also known as an ESA – represents a proactive versus reactive…
Transitioning from a starter home to your dream home is an exciting journey that requires patience, strategic planning, and an understanding of the real estate market. A starter home, often a smaller and more affordable option, serves as an initial step into homeownership. It’s a practical choice for younger homebuyers who might not have the…
Will Canadian cottage owners list their vacation homes in the coming months? This remains to be seen, with the federal government poised to raise the capital gains tax this summer. Prime Minister Justin Trudeau and his Liberal government announced in the 2024 budget that Ottawa will implement higher taxes on capital gains on annual amounts…
Embarking on the journey to sell your home can be both exhilarating and daunting, filled with significant decisions. Understanding the stages of the home selling process is essential for achieving a successful sale. Let’s learn more about what to expect when you sell your home. Preparation First impressions matter. Start by decluttering your home to…
Since housing prices in the Winnipeg real estate market hit high in early 2022, they have since stabilized and eased to levels appealing for cost-conscious households. Unlike other major urban centres, the Winnipeg housing sector now offers prospective homeowners the chance to take advantage of its affordability attractiveness. Is it any reason why Winnipeg’s population…
Landlords have a number of options to choose from when it comes to the commercial lease types they can utilize for full-building or multi-tenant commercial real estate rentals. In order to better budget annual expenses, ensure lease provisions don’t put undue restrictions on your business growth, and so you’ll be able to negotiate where you…
What Is Commercial Real Estate (CRE)? No commercial real estate 101 guide worth its salt would skip getting everyone on the same page by ensuring the basics are covered, including defining CRE. At its simplest, commercial real estate is property used to house businesses or professional services. Everything from land zoned for development to the…
It can be a humbling experience for first-time homebuyers in today’s Canadian real estate market. Whether putting together sizable down payments or navigating the challenging mortgage market, first-time homebuyers have many hurdles to overcome. That said, despite what could be a daunting endeavour for many households, it is also an exciting time because you are…
Investors looking to find commercial real estate rental properties with healthy cash flows have a variety of ways of evaluating opportunities within the market. One of the simplest, back-of-the-envelope calculations that can be used is known as the cap rate. Although not the only metric that should be considered before committing to a transaction, it…
Cottage prices have increased in 83 per cent of Western Canada’s recreational markets, according to RE/MAX Canada’s 2024 Cottage Trends Report. Year-over-year gains were noted in Whistler (+7.5 per cent, from $1,633,855 in Q1 of 2023 to $1,756,473 in Q1 of 2024); Tofino (+100 per cent from $0 in Q1 in 2023 due to no…
Owning a home is a keystone of wealth… both financial affluence and emotional security.