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Ninty percent of millionaires reached the million-dollar club through real estate investing. The beauty of real estate is that you don’t need any prerequisites to get started. Even first-time commercial real estate investors can be successful. Here is what you need to know to get you started. Do your research The first thing to do before considering a property is to do your homework. There are so many types of options for you to consider:...

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Canadian commercial real estate investment reached $49.3 billion in 2018 — 68.3% above the 10-year average. That was an annual record for the third consecutive year. 2019 is shaping up to be another banner year. It’s statistics like these that lure amateur investors to turn to real estate. Yet, as with any investment, just because the market is strong doesn’t mean that success is guaranteed. We interviewed Leslie Quinsay, the co-owner of a real estate...

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Many factors can affect whether a real estate firm should put their money into a property or not. Downturns in the economy, population growth and long-term return on investment all usually play an important role. Over the years, these priorities have shifted, and so have investor strategies for managing risk and generating ROI. In PwC Canada’s 2020 report on the Canadian real estate investment landscape, major closures of retailers are creating a subdued sentiment, and...

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The modern office space has gone through many changes in the past century; sometimes brand new, and sometimes a refurbishment of something already done. In fact, the cubicle may have been used by medieval monks on manuscript writing. Technology and our ideas of an efficient work day has come a long way since then, allowing for new and interesting office design cases, including open concept, co-working and green buildings. In all cases throughout history, though,...

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Canada’s commercial property boom is well underway in 2019. It’s no doubt helped by a short supply of properties and the lowest unemployment rate in four decades. Toronto (1.3%) and Vancouver (1.5%) posted the lowest industrial vacancy rates in North America in 2018 and are projected to rank among the tightest three markets this year. These 10 cities in Canada are leading in terms of investment prospects according to PWC: Toronto Vancouver Montreal Ottawa Quebec City...

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On October 30, the Bank of Canada reported that it will continue to hold its policy interest rate (otherwise known as its “overnight interest rate”) at 1.75%—the same rate we’ve had since October 2018. The implications of this announcement are worth exploring, but here’s the quick and dirty conclusion: Canada is in “Keep Calm and Carry On” mode. How does the Bank of Canada’s rate affect everyone? There are eight fixed dates every year when...

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Are you dreaming of buying a vacation rental property, have just bought one, or are strongly considering it? If so, your mind is probably abuzz with design ideas and thoughtful touches you could add to the home. In order to make a rental property into a viable business, you need to set a reasonable budget and stick to it. And everything in the home should be geared towards rental guests. Some elements may not align...

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There are more than 120,000 members of the Canadian Real Estate Association. In Greater Vancouver, the number of agents increased by 23% in the five-year period of 2012-2017. In Toronto, there is one real estate agent for every 96 adults under the age of 70. More Canadians are starting careers in real estate than ever before. Part of the appeal is no doubt due to the portrayal of realtors on TV shows. Some people think real...

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Since the rise of Airbnb and other home sharing apps, it has undoubtedly become much simpler to run a vacation rental, especially remotely. The booking, money exchange and communication processes are far easier and more accessible than they once were. No longer do you have to make emails and phone calls, trust guests with cash or e-transfers, and cross your fingers that they won’t cancel a week before arrival. This has drawn up the misconception...

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Your desk may not seem like an area to design or spend any money on, but why not? You sit there for hours and hours every day; it’s practically a second home. It should, of course, be ergonomic for comfort and good posture, so why shouldn’t it make you feel good, feel at home, and inspired to work, too? Whether you work in an office or you have a home office, your desk is a...