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A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!

Wednesday, October 7, 2015

Commercial sector healthy but not everywhere

Two reports show some disparity in the commercial real estate market. Colliers International says that capitalization rates remained relatively healthy in the third quarter of 2015; its figures measure the rate of income return as a percentage of a real estate investment. “Despite weak energy markets and a slowing Canadian economy, demand for good-quality, well-tenanted assets remains strong, particularly in Toronto, Montreal and Vancouver,” says Chris Marlyn, senior vice president of Colliers’ Valuation and Advisory Services team.

However the Toronto Real Estate Board reports that there was a drop of 18.9 per cent in the amount of space leased in the city in the third quarter compared to the same period in 2014. There were 4.8 million square feet of space leased. Total industrial, commercial/retail and office property sales amounted to 230 in Q3 2015 – down by approximately 32 per cent compared to 336 sales in Q3 2014. The number of sales were down for all three market segments.

MBN

We hope you are finding our Blog informative and enjoyable to read while keeping you up to date with the ever changing real estate market.

Please feel free to contact me via Direct/Text or e-mail at any time and my team will be pleased to assist you, family members and friends with all your real estate needs. Referrals are always welcome!

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