Insights

Rising land values and construction costs in the real estate market over the past several years are raising risks for developers, lenders and equity investors. This precarious situation requires a new approach for understanding and managing development risk – an approach with pro formas as the focus.

Arm yourself with the facts before you file an appeal on your industrial property assessment. Altus Group dispels five property tax myths about your industrial property.

Rising land values and construction costs in the real estate market over the past several years are raising risks for developers, lenders and equity investors. This precarious situation requires a new approach for understanding and managing development risk – an approach with pro formas as the focus.

Late in the day on July 2, the Alberta Provincial Government announced an immediate 2019 tax relief program for the province’s shallow gas producers who have been negatively affected by low commodity prices and the corresponding high assessment and property tax values.

Download Altus Group’s 2019 Cost Guide - the Canadian real estate industry’s leading guide to development project costing.

Adjacent to a newly-built, modern church is a seniors’ residence. The residence houses vulnerable members of the community in a building proudly funded by the congregation. They were able to exchange valuable real estate for a new church, a new seniors’ residence, a mid-rise residential strata building and an ongoing revenue stream that helps to fund programs.

Having a reliable, top quality commercial appraisal puts power in your hands. It clarifies and enhances information, reduces risk and ultimately contributes to successfully completing a wide range of real estate transactions. When renewing a mortgage on a property for example, with a timely, accurate appraisal in hand, a borrower can negotiate with a variety of lenders for the best financing terms.

Obligations and opportunities presented by Ontario’s new Construction Act

Tips to manage risks and mitigate impact to your bottom line.

An overview of the recent and upcoming provisions Ontario’s Construction Act.

Property owners, property managers, and asset managers are faced with an endless number of decisions relating to the ongoing operation of real estate assets. Occasionally the question ‘What should I do with the property’ arises.

Download Altus Group’s 2018 Cost Guide - the Canadian real estate industry’s leading guide to development project costing.

The process of taking a historic building which has reached the end of its economic life (and which invariably has suffered much physical and functional depreciation), converting it to a new viable use, meeting all building code and provincial/municipal regulations whilst at the same time retaining key heritage features, is quite a daunting task both for developers, owner-occupiers and non-profits alike.

The price paid for most income producing properties is directly related to their current and expected income flow. Verifying the current income flow and estimating the future income flow is a time consuming but important process. Typically, for larger properties, an estimate of cash flow over a 10 year period should be conducted.

In 1995, the majority of retail was represented in enclosed malls followed by neighbourhood strip centers until the introduction of the first power center in the mid 1990’s. Over the past twenty years, the vast majority of growth in retail has occurred through the development and growth of power center locations.