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Projecting rents, cap rates and some advice from Conrad Black
A client recently retained us to help determine the feasibility of a project that won’t be ready for occupancy until 2027. While we have assisted hundreds of developers in determining the feasibility of future apartment buildings, these are typically one to three...
TCU Development founders graduate from hockey to housing
A story is often an indicator of the foundation of the principles that a company is founded upon. TCU Development Corporation (TCU) is no different – it was founded in 2010 by hockey teammates who understood the values of leadership. Over the course of 13 years, Mike...
Designing Apartments for the Future
Architects play a vital role in any apartment or condo construction project. They are responsible for the visual appearance of the building. From the developer’s requirements, they make use of creative ideas to bring the developer’s vision to life while still...
Why a developer’s time is worth $667 per minute
Something that I’ve always watched, but recently become more focused on, is time management. It’s had a big impact on my productivity and overall quality of life, and I think this experience is universal for anyone who prioritizes time management. Most likely if you...
Canada – It’s time to build more apartments!
Today’s economic climate is placing the Canadian real estate market on a wild roller-coaster ride. Many developers are looking at the inherent stability of rental apartments, and really, they’re only needing a small portion of knowledge to bolt onto their existing...
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...
Key takeaways for office conversions to apartments
Earlier this year, we ran a two-day online event on the conversion of offices to rental apartments. We had a range of speakers, from Canada and the U.S., including developers, architects and municipal government representatives. The presentations were fascinating and...
Condo and home builder development uncertainty?
A challenged condo or home development project warrants that the developer investigate rental development as an alternative exit. There’s been a disruption in the marketplace with the rapid rise in interest rates that we’ve seen to date, with more in store in the near...
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...