Ready set grow?? Absolutely!
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After talking to contractors there seems to be a lot of pricing activity going on. The Wagon Wheel Business Park has some conditional land deals on the table and we see Oxford working hard on their land near the airport. Perhaps we will see a more balanced market in 2011 with some increased construction and confidence in the market. We see some positive absorption numbers but I would like to see some revised numbers after some bigger deals actually move in to new facilities and what the picture looks like then.
With mortgage rates still very low I encourage people to look at ways to buy or build real estate within their corporate or personal portfolio in 2011.
Continued Success
- Sean
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REAL ESTATE 'HITS BOTTOM'
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OTTAWA / Major commercial real estate players say the market has hit bottom and they are preparing to add to their portfolios, according to Colliers International.
Expecting the market to rebound in the next 12 months, eight in ten Canadian respondents to a global survey of 200 major real estate investors with a combined portfolio of $710 billion expect to expand or rebalance their portfolios as a result.
Colliers, a global real estate services company, said Canadian players see good opportunities investing at home, with Toronto at the top of their list and 26% of investors listing it as their preferred investment destination. It was followed by Vancouver (18%), Calgary (14%), Ottawa (9%) and Montreal (7%).
Meanwhile, some of the largest Canadian players are looking abroad for opportunities as the local market has few opportunities of a significant scale, said Milton Lamb, chairman of national investment services for Colliers in Canada.
Overall, nearly 44% of Canadian investors said they would look outside Canada, particularly in the U.S., for buying opportunities in the months ahead. Previously only 19% cited plans for foreign investments.
MORTGAGE HOLDERS OK
OTTAWA / Most Canadian mortgage holders are on solid financial ground and could withstand the extra expenses that might come with higher interest rates somewhere down the road, a survey found.
The Canadian Association of Accredited Mortgage Professionals said Monday that 84% of those with mortgages could withstand paying an extra $300 or more on their monthly mortgage payments.
This leeway comes with most homeowners being in a good position in relation to the value of their home versus what they owe on their mortgage, and in their ability to negotiate reasonable terms on their mortgages, the survey showed.
It was found that the average Canadian mortgage holder has home equity -- the value of their home minus their mortgage debt -- of $146,000, or 50% of the value of their home.
It was also found that people who have arranged a mortgage in the last year had attained an average rate of 4.23% a year on five-year, fixed mortgages, which is 1.42 points less than the normal posted rates over this time.
As well, the study found that 72% of Canadian who have renegotiated a mortgage in the last year have been able to get a lower rate -- 1.09 percentage points, or average.
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About Sean
Sean Bradley utilizes the unique strengths of the
Industrial group to specialize in Industrial properties For Sale and
Lease in Calgary and surrounding areas. His market Knowledge, service
excellence and accountability endure him as a trusted adviser to his
clients.
Call 403.607.8635 or email for your free consultation |
Specializing in
Calgary Industrial Real Estate
www.bradleyrealestategroup.ca
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For Sale
 5B - 6B 416 Meridian Road SE
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Recent Transactions
 3645 48 Avenue SE Vendor: Business DevelopmentBank of CanadaPurchaser: 1380895 Alberta Ltd.Size: 14,480 View Brochure
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For further listing information,
click here
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2010 INDUSTRIAL BUILDING TRANSACTIONS
The largest industrial deal so far in 2010 is the City of
Calgary's acquisition of the Greyhound Bus Depot (1660 - 9th Avenue SW), just to the west of the Downtown core. The total purchase price was $15,300,000, resulting in a price per square foot of $85. This purchase was the first in what is hoped to eventually be the city's new proposed West Village
redevelopment project.
The 4.1 acre site has
been leased back to
Greyhound until 2014.
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OXFORD LAUNCHES HUGE CALGARY AIRPORT-AREA PROJECT
A more than $500-million commercial development is planned by Oxford Properties on 104 hectares of land near the airport, the Herald has learned.
The Oxford Airport Business Park -- a master planned area to include industrial, office, hotel and retail development -- has begun construction and will consist of nearly four million square feet of space in 15 to 20 buildings with two or three hotels.
Read the Article
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