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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...
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...
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...
Building Apartments With a Joint Venture Partner
What is a Joint Venture? A joint venture (JV) is a collaboration between two or more business entities for the purpose of starting a new business activity. Each party contributes value to the joint venture and agrees how to divide up income and expenses. Where a JV...
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...
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...
Multigenerational families need asset & property managers
For multigenerational families owning apartment properties, there can be many difficulties, competing factors and points of view brought to the table when it comes to management of property. At this point, for most portfolios built in the 50s and 60s, generation one...
Art of the flip: Converting office buildings to apartments
The far-reaching effects and opportunities of the pandemic are countless, and doubtless you have probably educated yourself on the ones that are relevant to you. In this article, I’d like to highlight one which we think is a major opportunity globally for apartment...
Blockchain and the future of commercial real estate
You’ve heard us mention blockchain in Derek’s most recent Quarterly Apartment Download, but why do we think blockchain will affect the future of real estate? How does it work? At its most basic level/[to break it down], blockchain is a method of storing data. The data...