Nanaimo commercial realty growing
The B.C. centre known as the Hub City is living up to its name, as it has certainly been a hub for growth on Vancouver Island. With population growth rates of 8 per cent year-over- year shattering the provincial average of 5.6 per cent and the federal average of 5 per...
Shopping Mall, 2 Hotels and More for Sale in Mackenzie
Darcy & Denise are pleased to present the opportunity to acquire Mackenzie’s largest shopping mall and hotel, and associated businesses, comprising 10.74 acres in downtown Mackenzie, BC
Post Covid Winnipeg in great shape for commercial realty
Winnipeg’s economy emerged from the 2008-’09 recession in very good shape, and it looks poised to repeat that success following the COVID-19 crisis. “As markets like Alberta have struggled with the oil markets being what they’ve been over the past number of years,...
How covid is changing commercial realty
1. How we work While two-thirds of employees who work from home now expect it to continue after the pandemic, watch out. Your employer has other ideas, according to pollster Angus Reid. That’s bound to increase conflict as work flexibility becomes a core issue. And it...
The CRE outlook for 2020
If any readers are friendly with commercial real estate junkies, they’ll already have heard an earful about how industrial and multi-family properties are where the smart money is being spent by CRE investors. But with unemployment still over 10 percent in August, and...
Popularity of multi family homes and buildings growing
Residential rental rates are likely to remain steady and the pace of development appears to be maintaining its healthy clip looking into the rest of 2020 according to a new multi-family market update from Colliers International Victoria offices. The report, which...
Tips for buying a country home
Are you dreaming of greener pastures and wide-open spaces? After spending so much time at home, many people are re-evaluating how they want to live. A short commute and nearby amenities were once at the top of most new home checklists. But now a surprising amount of...
What is a CAP rate?
The capitalization rate (or “cap” rate) is one of the primary measuring tools of any office building investment. It is a short form method of deriving the rate of return based on the purchase price and allows you to compare many properties simultaneously to select the...
Treasure Cove Casino doing well despite Pandemic
Games of chance at Treasure Cove Casino were attractive enough to bring in $50.9 million worth of revenue during the 2019-20, according to a B.C. Lottery Corp. report released this week. The total amounted to a $101,000 increase over 2018-19 and came in spite of a...
Greater Vancouver Detached Real Estate Prices Rise Over 6%
Greater Vancouver detached real estate sales are still enjoying the delayed spring rush this summer. Real Estate Board of Greater Vancouver (REBGV) data shows detached sales had the biggest August since 2015. Prices are also seeing growth accelerate as well, but...