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The Saskatchewan Edge
Kelly Macsymic Business Manager, Stuart Commercial Inc., Sales Associate, ICR Commercial Real Estate
Barry Stuart Managing Partner and Senior Sales Associate , ICR Commercial Real Estate

When fair is fair in commercial real estate leasing

Kelly Macsymic Commercial Brokers National Jun. 10 2020
Fair is a pretty relative term in commercial real estate leasing. It depends on which side of the transaction you are on, as to what your perception of fair might be. In regard to commercial leasing, does fair apply to

Estoppels are critical in a CRE investment purchase

Barry Stuart Residential Buying and Selling National Jun. 1 2020
If you’ve purchased a commercial or residential condo, you would have encountered an estoppel certificate. There are many reasons for obtaining a condominium estoppel (the information I discuss here is applicable only to single- and multi-tenant investments, excluding multifamily rentals):

New challenges await social distancing office users

Kelly Macsymic Commercial Leasing National May. 21 2020
Despite patting ourselves on the back for flattening the curve in Saskatchewan, we flatlanders are not out of the woods yet. In the anticipated buildup to employees returning to their traditional workspaces, stringent protocols will be in place for office

Navigating difficult client conversations

Barry Stuart Commercial Brokers National May. 8 2020
Most of us have never experienced a financial maelstrom of this magnitude during our business careers. It’s a stressful time for many property and business owners. It’s difficult for most of us to forecast with any confidence what our sales

Reopening a province: May the Fourth be with you

Kelly Macsymic Commercial Property Management Saskatchewan Apr. 30 2020
Last week, Saskatchewan Premier Scott Moe announced a phased-in plan to reopen the province for business in the wake of COVID-19. While some people are saying it is too soon, most agree that it has been long enough. So how

Industrial will evolve as the preferred asset class

Barry Stuart Residential Market Trends National Apr. 17 2020
The sudden, real impact of COVID-19 can be seen in supply chain disruptions, lower consumer confidence and reduced consumer spending. Trying to measure the macro picture, the scope and duration of the economic stoppage is not easy. For those corporations

What might CRE look like after COVID-19?

Kelly Macsymic Commercial Pandemic National Apr. 13 2020
There is no question about the effects of the COVID-19 pandemic on Canada’s economy. This sudden misfortune has tested the strength of the commercial real estate industry in ways we’ve never encountered before. So what does the future hold for

My ‘negative attitude’ cure for the CRE professional

Barry Stuart Residential Market Reports National Apr. 3 2020
I’m grateful that despite the new challenges many of us are currently encountering in this remarkable new world, I’m doing well. However, that would not always have been the case in my past. Many of us are now settled into

4 ways to show your support for local business

Kelly Macsymic Commercial Shopping Centres Saskatchewan Mar. 27 2020
We are certainly experiencing weird times out there right now. With no one able to predict how long the COVID-19 impact will last, it is imperative that we remember to support local business as they’ll be struggling along with the

3 ways a buyer’s broker is a no-brainer

Kelly Macsymic Commercial Buying and Selling National Mar. 16 2020
Did you know when you’re buying or leasing that you can engage a commercial broker to search listings, organize viewings and write offers, among other duties, for the low cost of . . . ZERO? This relationship is referred to

Explaining insurance, appraised and assessment valuations

Barry Stuart Residential Buying and Selling National Mar. 5 2020
A question I was asked recently triggered the notion that there was a need to write about it: “Why the vast difference between insurance, appraised and assessment values?” Each of these three valuation processes have different end goals. It’s important

Is there mega concern for megatrends?

Kelly Macsymic Commercial Market Trends National Feb. 27 2020
Megatrends are often described as powerful and transformational forces that can change the economy, business and society over the course of centuries. Obvious examples of this would be the use of electricity, the creation of the automobile and in the

How risky is your CRE investment appetite?

Kelly Macsymic Residential Strategy National Feb. 12 2020
Commercial real estate investing is all about how hungry you are for specific product types. This desire will, in many ways, be fueled by your aversion to risk. How much risk do you think you can chew? If your risk

Would you recommend your CRE broker?

Kelly Macsymic Residential Buying and Selling National Jan. 31 2020
I think it’s fair to say we don’t recommend people or services if we don’t like them. The problem, however, is often that liking someone can hinder us from really considering if we’d recommend them. Confused? Consider the following .

Shining multires sector re-emerges in Saskatoon

Barry Stuart Residential Market Trends Saskatchewan Jan. 24 2020
After reaching a record high vacancy rate of 10.3 per cent in 2016, the multifamily sector in Saskatoon has rebounded. The latest Canada Mortgage and Housing Corporation report, which was just released, indicates as of October 2019 that rate dropped

Is open office the best concept for your business?

Kelly Macsymic Commercial Market Trends National Jan. 20 2020
There is definitely a trend in the commercial real estate industry to open office concepts. There are a number of reasons why it works for some office users, but it may not make sense for everyone. Pro: Shining a light

I was off the mark in Q4 2019 industrial vacancy forecast

Barry Stuart Commercial Market Reports Saskatchewan Jan. 16 2020
I promised you that I’d hold myself accountable in my January 2019 post forecasting Saskatoon’s industrial vacancy rate, and report back to you. At that time, I predicted a decline in the overall rate from 6.8 per cent to 6

What does 2020 have in store for Saskatoon’s CRE?

Kelly Macsymic Commercial Market Trends Saskatchewan Jan. 2 2020
I’ve never professed to be a psychic, but I think looking over the trends of the past year I can safely make a few bets on the commercial real estate market for Saskatoon in 2020. The first is that office

Greatest real estate gifts of the past year

Kelly Macsymic Commercial Human Resources National Dec. 20 2019
Christmas is a time to reflect and appreciate all the good things that happened over the past year. Commercial real estate agents are no different. And as such, I submit to you the greatest gifts tenants, landlords, buyers and sellers

Saskatoon retail continues market expansion

Barry Stuart Commercial Market Reports Saskatchewan Dec. 12 2019
Ongoing expansion in the Saskatoon commercial retail sector has resulted in the overall supply exceeding demand. The ICR Commercial Q3 2019 retail market update reports the average vacancy rate has edged up to 4.6 per cent. Let’s look at where that

Tax increase hits Saskatoon commercial owners hardest

Kelly Macsymic Commercial Taxes Saskatchewan Dec. 5 2019
The City of Saskatoon has tabled its epic discussion on a two-year budget for 2020-’21. While the preliminary budget released this summer projected a 3.97 per cent property tax increase overall, we can all breathe a sigh of relief because

Saskatoon’s industrial vacancy continues to trend lower

Barry Stuart Commercial Market Reports Saskatchewan Nov. 22 2019
The overall Saskatoon vacancy rate has been trending lower since its peak in 2016. Our Q3 2019 Industrial Market survey reports an overall current vacancy rate of 6.04 per cent (down from 9.3 per cent in 2016 and 6.8 per

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