Hamilton’s Industrial Properties Provide Opportunity
With high demand for commercial property and rental rates at an all-time high, there has been speculation of the first two-storey industrial distribution centre being built in the tightest markets of Canada. Locally, Hamilton well-positioned to capitalize on such opportunity, due to the supply of underutilized industrial buildings. The Doyle Team has been ahead of […]
RIOCAN ACQUIRES UPPER JAMES SQUARE FOR $35M
Canada’s largest retail landlord, RioCan REIT (TSE: REI.UN.CA), started the year off strong by acquiring the 114,000 square foot shopping centre on Upper James Street for $35,180,000. Sitting on just over 11.5 acres of land, this popular shopping destination had been owned by Crombie Property Holdings for the past 13 years. At the end of […]
Residential Market February 2019
The month of February may have felt like an endless barrage of ice and snow, but it felt like spring was in the air in the residential real estate market. Sales increased by 24 percent from January within the entire RAHB market. Specifically, in Hamilton, the average price increased by 2.7 percent, which pushed the […]
BoC Suggests Return to Economic Growth
The Bank of Canada has only maintained the overnight rate target at 1.75%, but suggested that there is “…accumulating evidence that the slowdown in late 2018 and early 2019 is being followed by a pickup starting in the second quarter.” Although this projection is contrary to current investor behaviour that strongly suggests they believe there […]
Joint Venture Announced for “Burlington GO Lands”
On June 4th, 2019 InterRent REIT announced a joint venture agreement with the CLV Group and Brookfield Property Partners. The partnership will be responsible for creating a mixed-use development on three land parcels that were acquired for a total of $65 million. The land assembly is located on Fairview Street between Guelph Line and Brant […]
Downtown Hamilton’s 2018 Office Stats
At the beginning of June, the City of Hamilton released a report stating that the downtown office vacancy rate was 12.7% in 2018. This was a 1% drop from 2017 and the rate has been on a decline since 2015. This figure is much higher than the 4.9% office vacancy that is seen across the […]
Residential Spring Market Is Heating Up
The residential real estate market in Hamilton is gaining momentum as there were 18.5% more sales in April than there were in March. The average price saw a modest gain as it increased 3.3 percent year-over-year, and sits just above $516,000 year-to-date. The neighbourhoods of Hamilton West and Hamilton Centre saw the greatest increase in […]
Low Canadian Dollar Provides Opportunity
The loonie has declined since its two-year peak at 82.6¢ in 2017 compared to the US Dollar. While its currently sitting around 74¢ many analysts presume the value of the Canadian Dollar will either remain steady or continue its decline in value. In Canada, these market conditions specifically favour the industrial export sector and thus […]
The 2019 Federal Budget
On March 19th the Liberal government announced its 2019 budget. The budget introduced a plan to increase housing affordability through the First-Time Home Buyer Incentive. CMHC would provide 5% of the purchase price for existing homes and 10% for new homes. It is unclear if it is the same dollar amount or the same percentage […]
Changing Retail Environment
Within the next two years, IKEA is set to open 30 city-centre stores worldwide. The Swedish retailer is adapting to consumer’s needs as they will be opening urban stores featuring items only available for delivery. Specifically, their Manhattan location will be 17,500 square feet and is set to open this spring. This new business model […]
