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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...

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As we head into the final months of 2019, it’s a good opportunity to reflect on what has been going on in the commercial real estate market and what we can expect in the year to come. The office market In Vancouver and Toronto, the office market continues to see an unprecedented need for office space. That’s especially true of both cities’ downtown core. In Toronto, we are seeing a huge demand from finance companies....

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Of all the fixtures, furniture, accents, window treatments, and other odds and ends you will bring into your vacation rental property, there are nine that stand out to me as most important. This of course excludes safety items like fire extinguishers, C02 and smoke detectors, sturdy railings, etc. From a purely experience-driven standpoint, these nine items either leave the biggest impression on my guests or are most asked about prior to check-in. 1. Solid bed...

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Working from home promotes both comfort and efficiency. You have zero traffic jams, no office chatter and the option to dress in your pajamas if you feel like it. Yet, if your home office isn’t set up right, you may not be as productive as you’d hoped. Learn how to minimize distractions and promote efficiency with these ten tips for the ultimate home office. 1. Carve out physical space Your home office doesn’t have to...

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Whether you’re just starting out or you’ve built your business through word-of-mouth, nowadays, the first place your potential customers will look for you is online. Luckily, building a website for your business has never been easier, thanks to the existence of content-management systems (CMSs) such as WordPress or Squarespace. Creating a professional-looking site is as simple as selecting a template and editing it to your liking. In fact, the whole process is now so intuitive...