How To Prepare An Income Analysis On A Commercial Property
Probably the single most useful and simultaneously ill-used tool to determine the price of an investment is the capitalization rate (or “cap rate”). The term is often used to cover a range of price estimation techniques which seek to link value to an income stream by estimating the amount of capital an investor would be willing to part with to purchase that income stream.
Industry Insight: Mobile Homes an option during affordability crisis
‘Manufactured home communities’ come into their own in the midst of an affordability crisis KERRY GOLD. VANCOUVER SPECIAL TO THE GLOBE AND MAIL PUBLISHED JULY 8, 2022 Martin Hayter had planned to retire from London, Ont., to a new condo in Vernon, B.C., until he discovered a brand new manufactured home park 20 minutes away, on Okanagan Lake. The 60-year-old retired counselor rented out the one-bedroom condo in Vernon, which he bought two years ago.…
Deep Dive: Investors, homebuyers see value in manufactured homes
Manufactured homes in are selling quickly and for all-time high prices in Metro Vancouver and across B.C. this year but remain the most affordable detached houses on the market. The action is not being lost on investors, who snapped up 69 home parks during 2020-21, including five in the Lower Mainland. According to data from Royal LePage Westside Klein Group, most of the sales are taking place in the B.C. Interior and Vancouver Island, which…
Leasing vs Buying Commercial Real Estate Property in Vancouver
For many people who start a business, it can begin in a home office, a garage, or a general living space in the beginning. For most businesses starting out, there isn’t a need for commercial property. Soon, many businesses will outgrow the original location, and it’s time to start considering utilizing a commercial real estate property. Commercial real estate is a property exclusively used for businesses to manage their business and produce an income. It…
How To Choose The Right Commercial Real Estate Broker
Purchasing a commercial property has distinct differences compared to buying a residential property. It is vital to work with a well-versed commercial broker who can advise and inform you when making such a financial commitment. To do this, we want to discuss how to choose the right commercial real estate broker. Selling, leasing, and buying commercial real estate can be much more complex than doing so with traditional residential real estate. Even for a seasoned…
5 Things to Consider When Selling your Medical Practice in Vancouver
The COVID-19 pandemic saw an increase in demand for healthcare services, in addition to an aging population. As a result, the demand for ownership of healthcare businesses has risen, and now could be the ideal opportunity for you to sell. In order to help, we are going to look at the top five things to consider when selling your medical practice in Metro Vancouver. Innovations in medical science and health technology have proven to be…
5 Tips All First-Time Real Estate Investors Should Know
Investing in commercial real estate is an exciting prospect and one that is appealing to many, given its consistent returns, passive income, and potential growth. But while commercial real estate has great potential to be profitable, this doesn’t necessarily mean all investments will be a grand success. Before going ahead and investing in commercial real estate, it’s important to be mindful of knowing when, where, and how to invest to ensure your investment is a…
Buying your first commercial real estate property is a substantial financial commitment. There are differences to consider even for well-informed residential buyers. Like all other property strategies, commercial real estate requires extensive due diligence and, above all else, time and commitment. To help find your feet on the first step of the commercial property ladder, here is our guide on how to buy your first commercial real estate property. Each property investor will have a…
Despite pandemic closures and restrictions still in place across Canada, commercial real estate experienced a strong start this year as the return of investor confidence saw investments rebound much quicker and stronger than expected. This year we have seen a rebound investment volume transactions with a 25% increase in Q1 2021 versus Q1 2020. The commercial real estate market is also noticing a new trend of coworking spaces, where employees from different companies…
Chilliwack 2.4-acre industrial site sells for $5.5 million
Considered a record per-acre price for Chilliwack industrial, the site is zoned for service industrial on Progress Way. Property: Industrial Location: 44394 Progress Way, Chilliwack Size of property: 6,700 square feet (2 buildings) Size of land: 2.5 acres Zoning: M-I Industrial Sale price: $5.5 million Date of sale: March 31, 2021 Brokerage: Klein Group – Royal LePage Westside, Vancouver Broker: Dmytro Chernysh of Klein Group, Royal LePage Westside As seen on www.westerninvestor.com
This was truly possible because of all the exceptional agents we've had throughout the years. Together, we take pride in this accomplishment and our continued…
Eugen Klein Reappointed as Director of the Land Title Survey Authority
Eugen Klein, ICD.D has been reappointed as Director of the Land Title Survey Authority of British Columbia. Eugen added, "I would really like to thank…
BIV: Investors Cashing in on B.C. Trailer Park Buys
View original article on www.biv.com Manufactured home parks deliver affordable housing option. This 15-pad manufactured home park in Rock Creek in the South Okanagan is…
Eugen Klein in the news as seen on www.westerninvestor.com Mobile home parks remain the most affordable residential investment in British Columbia. This 10.9-acre, 42-pad manufactured…