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Vince Brescia on his experiences with Derek Lobo & SVN Rock Advisors
Work on real deals with a great team.Specialise in apartments and student housing, not cold calls.
Is there a way to minimize the taxes when I sell my apartment building?
Unfortunately, the taxman gets you in the end. Upon the sale of your building, you are typically going to have to pay at least two kinds of taxes: recapture tax and capital gains tax. Recapture tax is the tax on the building’s original cost minus any underappreciated...
Growing Demand for Family-Friendly Apartment Units Hits the Downtown Core
For those of us in the business, it is a very good time to be a part of the purpose-built rental apartment industry. Years of restrained supply and burgeoning demand for rental housing have created a perfect storm, making apartment buildings an excellent investment...
Micro Apartments Show Big Opportunities Come in Small Packages
Micro apartments are increasingly becoming a part of the purpose-built rental apartment market, particularly in cities like Vancouver or Toronto where the marketplace has made rents significantly high. Micro apartments aren’t new. They have been a part of the New York...
Five Reasons the Time to Build New Apartments is Now
1. Supply is extremely limited. Throughout Canada, vacancy rates are low and average rents are rising. A lot of this is because the supply of apartments has been constrained. Between 1975 and 2000, very little construction of new apartments took place, because rent...
Taking the Mystery out of Mystery Shopping
As a typical apartment owner, you can’t be everywhere at once. You can’t always be fixing the plumbing, handling rent cheques, or, most importantly, giving tours of vacant apartments and keeping your building filled. You have a staff that handles these tasks. But how...
Co-Brokering is about Scaling your Business For the Future
A lot of the green revolution that’s sweeping our industry lately has been about efficiency. How do we heat and power our buildings using less energy? How do we build using more recycled materials? How do we design to use the most floorspace in the smallest footprint?...
Condominiums are Incubating the Next Rental Apartment Boom
In Canada, especially in heated real estate markets like Vancouver and Toronto, pundits are looking at the rush of condominium construction and wondering if this will be bad for the real estate market. Thus far, however, the condominium market has defied expectations...
Commercial Real Estate Brokerage Deal Teams: Leadership, Trust, and Compensation
Canada’s real estate brokerage industry is changing and I believe the days of brokerage teams made up of a single broker working on his or her own, helped by an administrative assistant, and disappearing at the conclusion of a deal, are over. Although this model has...