What’s an ideal amount to invest in commercial real estate?
For the purpose of this conversation, let’s assume you are sitting on cash or liquid asset(s) and have decided to invest a portion of your available capital into commercial real estate.Columnist Barry...
View ArticleThe relationship between cap rates and interest rates
Earlier this week, I forwarded a client some historical data on Saskatoon commercial real estate capitalization rates. He came back to me with the comment, “Would be interesting how it (cap rate...
View ArticleNew Horizons idea failed miserably . . . or did it?
Have you ever stumbled onto one of those websites that features abandoned spaces? Kelly Macsymic, ICR Commercial, Saskatoon. My favourites are old malls . . . once a bustling retail centre and now so...
View ArticleSaskatoon industrial vacancy drops in Q3 2018
Our quarterly market reports have just been released and we’re pleased to report the overall industrial vacancy rate is heading in the right direction!(Graphic courtesy ICR Commercial)The increase in...
View ArticleSuccessful first year for Saskatoon’s Remai Modern
Say what you like about it, but more than 450,000 people fed their curiosity and took in Saskatoon’s new public art gallery, the Remai Modern, during the past year.Kelly Macsymic, ICR Commercial,...
View ArticleSask. cities enjoy lowest CRE to residential tax ratios
There is lots of chatter on the street with the recently released preliminary budget from the City of Saskatoon, which proposes a 4.5 per cent property tax hike in 2019.Commercial to residential...
View ArticleDoes Saskatoon need a daily Farmers’ Market?
The City of Saskatoon has officially put out a tender to lease the Farmers’ Market building in Riversdale.Kelly Macsymic, ICR Commercial, Saskatoon.The facility is currently leased to, and operated by,...
View Article10 questions to ask if you’re considering a career in CRE
You might be in your last year of university and considering your career options, or have just come to the realization that your current professional path is not going to be your life work.Columnist...
View ArticleA ‘discretionary use’ is just that: It’s no slam dunk
Whether you’re buying or leasing commercial real estate, a municipality’s zoning bylaw tells you where you can locate your business. Kelly Macsymic, ICR Commercial, Saskatoon. The City of Saskatoon...
View ArticleReal estate as a business investment
All commercial real estate deals have a factor of uniqueness which sets them apart from other investments.Kelly Macsymic, ICR Commercial, Saskatoon.That said, there can be times when commercial real...
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