• Finding Money to Build Apartments

    "To make more money, you either make better deals or find cheaper capital"   The Big Picture The following chart breaks down the components for financing construction land from loan-to-cost, interest rate, term, fees, to guarantee. *All numbers are based on 2021 data* What a developer must realize is that land deals are difficult and [...]
  • Ontario guideline rent increase 6.2 per cent for 2023?

    Will we see an Ontario guideline rent increase of 6.2 per cent for 2023? We should, but it won’t happen. The annual guideline is well below the pace of inflation and owners and property managers shouldn’t expect any relief coming soon! With inflation rising, landlords are seeing increased operating costs at many levels. The cost [...]
  • The Apartment Feasibility Study

    Why Is a Feasibility Study Needed? A feasibility study serves two different purposes. One, it's needed for internal decision-making. Without a good grasp of the market, the financials and potential outcomes, solid decision-making is next to impossible. Two, investors and lenders will demand a detailed study to assure themselves that the developer has thought the [...]
  • Real estate developers live longer lives

    After having conversations with hundreds of real estate developers, and non-developers, and comparing their thinking, attitudes and courage, I am confidently making this statement: “Real estate developers live longer than most people.”  People typically think living longer depends mostly on nutrition and health habits. For sure those decisions do play an important part, but it [...]
  • The progressive nature of the Town of Shediac

    In our 35 years of consulting and brokerage, we have never been retained by a municipality. We have completed over 700 feasibility studies in Canada and our clients are typically apartment developers, hotel developers, shopping entre owners or office owners who are looking to pivot to apartment development. The Town of Shediac, N.B., contacted us [...]
  • Where to look for land

    Where to Look for Land Land acquisition is a multi-year undertaking. It requires time and research to find suitable land, navigate municipal requirements, assemble a team of professionals, structure a deal, begin due diligence, get the required approvals, close, get permits, have contractors ready, and finally, find financing. Finding Opportunities In the quest for finding [...]