Changes to Condominium Act
As Barrie rapidly expands, so does the pace of new condominium developments. Condo living is an attractive lifestyle to many, however it is important to understand that condos should be properly run. You should have high expectations as a unit owner, and having a professional condominium management company in place can ensure those expectations are […]
Analyzing a property using CAP Rates
What is a CAP rate? A CAP rate (Capitalization Rate), is the rate of return for real estate investment property which is derived from income the property produces. The basic equation for explaining CAP rate is: CAP rate = Net Operating Income (NOI) / Current Market Value (Sale Price) As well, if you have a […]
Development Charges and the Effects
With many city centers, like Barrie, going through cycles of population growth, a natural product in such cases is a need for residential, commercial, and industrial new developments. New development, in any form, requires tedious planning on both the municipality and developers behalf. The positive outcomes of these new developments are large capital injections and […]
Location, Location, Location
Of course everyone, when buying a home or property, has heard that it is all about location. This statement could not be truer than when it comes to commercial property. With the days of the phone book slowly evaporating, having that perfect spot to place your business is an essential key success factor. However, where […]
Why You Should Hire a Property Management and Leasing Firm
Whether you have a residential, commercial or industrial property, hiring a property management firm in Barrie is an essential component of turning your real estate investment into a financial success. Professional property management firms are well versed in their industry and can improve the quality of a property by utilizing their vast wealth of industry knowledge. While […]
What to Consider when Buying Land in Barrie
Whether you’re deciding to purchase land for sale in Barrie for a custom home, commercial/industrial development or as part of a long-term investment strategy, land can be a great investment. However, whatever the reason, there are some factors buyers need to consider before moving forward with their buying decision.