Latest and Greatest

Oh Don't Worry About the Landlord

Posted on Mar 03, 2023

Famous last words.

When it comes to renting a commercial property, there is often a power dynamic at play between the landlord and the tenant. While both parties have their own rights and responsibilities, it's important to recognize that the landlord has certain advantages that tenants may underestimate.

Limited bargaining power

One of the primary r...

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Why Can't You Use Multiple Realtors at Once?

Posted on Feb 14, 2023

If you're buying or selling a property or business, it's not a good idea to use multiple different realtors at the same time. Here are a few reasons why:
• Legal Issues: Using multiple realtors can create legal issues, especially if all of them claim to have a contractual relationship with you. In some cases, this can lead to disputes or even lawsui...

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Should you use a Lawyer for a business sale/purchase transaction?

Posted on Jan 29, 2023

Yes, it is recommended to use a lawyer to complete a real estate transaction in Canada. A real estate lawyer can help you navigate the legal process, review and negotiate the purchase agreement, and ensure that the transfer of title is done correctly. They can also protect your rights and interests throughout the transaction, provide guidance on re...

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Is It a Buyer's Market?

Posted on Oct 16, 2022

Yes it is appears to be exactly that. For a few reasons. 
Firstly there's a lot of inventory, some that are successful and profitable businesses and others that are .. not.
Secondly with the increased interest rates and inflation, buyers are generally much more cautious to take on a new business (risk) and therefore are becoming selective and hesitant...

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Does the 1% rate increase affect business sales?

Posted on Jul 17, 2022

Yes. And no.
Seller's may be feeling the pinch most due to a rate increase on their (often multiple) lines of credit. 
Bank financing is relatively uncommon in small business purchases, but if a buyer was requiring financing the increased cost of borrowing maybe more than just the "cost of doing business" and could stop or delay a planned purchase.

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Is Industrial a Good Investment?

Posted on Jun 25, 2022

Short answer is YES. Long answer is, it is if you can get your hands on some.
Industrial (warehouses, yards etc.) have been underdeveloped for decades in the Lower Mainland. All spare land has gone guessed it housing. So if your parents bought a warehouse in the 70's or 80's and is considering selling it, try your best to convince him to hol...

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