Commercial Real Estate Resources

Get informed and make better decisions!

Measuring your Commercial Property

In residential real estate room sizes are required, in commercial, it is less about room sizes and more about total square feet – and in leasing it is about useable and leasable area. If you haven’t already done so I strongly recommend having your space or property measured by one of a number of professional…

Landowners : have you heard of Part Lot Control ?

Part Lot Control gives municipalities control over the severance of land parcels. They also have mechanisms for removing Part Lot Control, which can be attractive for land owners, allowing them to make additional divisions. For example, see the City of Hamilton’s page on this : https://www.hamilton.ca/develop-property/planning-applications/part-lot-control

Developing land – Site Plans and Record of Site Condition

In the city of Burlington there are many requirements for developing land. Generally if the land is raw an owner will have to prepare a Record of Site Condition (Environmental) that can cost $10,000 – $15,000 or more, a Site Plan which can cost $100,000 or more and various other municipally mandated items.  

When is a lease deal “Closed”?

Tenant Representation

This varies from landlord to landlord. Usually it is when the lease is signed by all parties; Sometimes it is when the tenant is occupying the space; Sometimes it is when the tenant is open for business and can show the landlord they have paid for all their leasehold improvements (most often with big retail…

Land prices in GTA

I use the term land “prices” rather than land “values” as land has no intrinsic value as in a development with infrastructure and buildings. Having just completed an industrial land search from Mississauga to Hamilton, and planning further searches for specific clients, I can say that prices are climbing and recent deals are really eye…

Endangered Species Act – the basics

I am representing a buyer of a parcel of raw industrial land in Hamilton and I included a condition that we are satisfied that there are no undue risks related to the Endangered Species Act. There are 2 main Acts – The Species at Risk Act (Federal) and the Endangered Species Act (Provincial). For interest…

Commercial Leasing – is it TMI or TMIM?

Tenant Representation

To review, TMI stands for Taxes, Maintenance and Insurance, and on a net lease it allows the landlord to recoup direct costs of ownership from the tenant. Each year the costs are tallied and a new TMI charge is calculated. Some landlords want to charge for management as well, and slide in a management charge,…