Commercial Real Estate

Outgunned

“I have read your blog for many years and I have shared many of your ideas regarding buying a home vs. renting and investing with many people,” says James, correctly opening his email with the obligatory suck-up. “Many people see the logic behind renting and investing, but insist that buyi ...

Up in smoke

Poor Jess. The next time you think about buying a rental property because (a) real estate always goes up, (b) this will provide a nice, steady, no-risk, low-vol income stream for your retirement and (c) the idiot tenants will pay off the mortgage for you, think of Jessica. Here’s her note to me: ...

Non-Residential Building Permits Continue to Slow

The Conference Board of Canada’s Economist Robyn Gibbard offers the following perspectives/insights on Statistics Canada’s release of building permit data for April: Quote “The value of non-residential building permits declined in April, which continues the trend seen so far in 2018. There ...

Unit 420

In five months or so Mr. Socks will make weed legal. This has a whole lot of landlords freaking out. If you believe the hyperbole our new dope culture could make finding a rental harder and a whole lot less pleasant. For the people who own the property, it carries (they say) the potential for disa ...

New Issue: MFC FixedReset, 4.70%+255

Manulife Financial Corporation has announced: a Canadian public offering of Non-cumulative Rate Reset Class 1 Shares Series 25 (“Series 25 Preferred Shares”). Manulife will issue 10 million Series 25 Preferred Shares priced at $25 per share to raise gross proceeds of $250 million. The offering ...

Morons

Allan is amused at this pathetic blog. He read the post last week about that trash listing in hipster Toronto asking $750,000, and said, “it probably wouldn’t even warrant a Tweet here in Sydney, since sometime in 2016…” The Australian is correct. We’re nuts, real estate-obsessed and ter ...

New Issue: BIP FixedReset, 5.00%+300M500, ROC

Brookfield Infrastructure has announced: that it has agreed to issue 8,000,000 Cumulative Class A Preferred Limited Partnership Units, Series 9 (“Series 9 Preferred Units”) on a bought deal basis to a syndicate of underwriters led by CIBC Capital Markets, BMO Capital Markets, RBC Capital Market ...