Failure to identify and address such issues may result in parties unknowingly assuming substantial liabilities. Environmental issues routinely arise in all types of real estate transactions, from the sale of individual residences to the transfer of large commercial and industrial facilities. Managing the associated risks is almost always possible. The ...
Continue ReadingBuying real estate is a costly undertaking, and business owners need to exercise due diligence every step of the way. Without proper planning, entrepreneurs can face a host of problems, including inadequate financing, unexpected construction costs, inefficient layout and environmental lawsuits. Although real estate costs have shot up in recent decades, entrepreneurs are ...
Continue ReadingAnd how much money are you going to get? Liquidation One often-overlooked exit strategy is simply to call it quits, close the business doors, and call it a day. (not a great one). If you liquidate, however, any proceeds from the assets must be used to repay creditors. The remainder ...
Continue ReadingCreating a second suite can help investors: increase rental income, improve property cash flow, support multi-generational living, and enhance long-term property value. However, many investors underestimate the complexity involved in converting a property into a legal and properly functioning second suite. A second suite project may involve: zoning review, building ...
Continue ReadingThere are several important messages that I want to share with you that I have been discussing with my clients. Mortgage rates are dropping, unit sales are increasing, inventory is high, and prices are stable, but too many buyers continue to sit on their hands. For many market segments, especially ...
Continue ReadingA real estate commission rebate is a portion of the real estate agent’s commission that is legally returned to the buyer after closing. This is a legitimate practice in Ontario, overseen by the Real Estate Council of Ontario (RECO), and must be put in writing, often in a Buyer Representation ...
Continue ReadingBuying a CRE asset above its value or at a low cap rate is rarely a route to a successful transaction. Most of you have heard about the Seven Deadly Sins that include; pride, envy, gluttony, lust, anger, greed and sloth. There are also Seven Deadly Sins of commercial real ...
Continue ReadingThere are nearly 40,000 real estate agents in Toronto; that is one agent for every 140 Torontonians! In Vancouver, the numbers are even more staggering – one agent for every 61 Vancouverites. It helps, of course, that the market is sizzling hot, but across Canada, the competition among realtors is ...
Continue ReadingPreface If you are reading this, you may be considering acquiring a commercial property, for example, a commercial or industrial condo, an office building, a manufacturing/warehouse facility, apartment building, shopping centre, strip mall etc., and this generally involves the negotiation of a commercial mortgage. While most of you may have ...
Continue ReadingAre you looking to transfer real estate property during your lifetime to your children? Maybe your rental property or a cottage? First of all, yes it’s possible, but take the time to evaluate all the possible scenarios. There are many solutions available and they all come with their share of ...
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