Commercial real estate investment in Canada is experiencing a major resurgence in confidence, with an Altus Group report chronicling $23.8 billion in Q1 transaction activity.
The real estate analytics and research company said that figure, transacted across all major asset classes in Canada during Q1 2022, is a 52% hike from Q1 2021. Deal volume was up across all major asset classes with the exception of hotel transactions.
Just over 3,250 transactions were completed in the first quarter of 2022, a 25% increase compared with the same period of 2021.
This week witnessed a great volume of deals, even by month-end standards.
This week’s big winner was residential land, plus it’s good to see the office and retail assets continuing to trade at pre-pandemic levels.
Hamilton‘s largest transaction was near the airport for an unaddressed piece of land on the corner of Upper James St. and Twenty Rd. The commercially zoned 61.63 acres sold for $13.6 million ($220,000/acre).
The area’s largest transaction was in Brantford, where 110 acres sold to Primont Homes for $46 million ($414,000/acre). This purchase price suggests further land entitlement may be required. Also of note, Concert Properties purchased two plots of land in Kitchener for prices suggesting high-density development.
In the news: Torontonians are flocking to Hamilton, Council debates affordability for Hamilton’s future film district, and CBRE’s 2022 Q2 Industrial and Office figures are released.
Forge & Foster is delighted to welcome great tenants like Reach Gymnastics Club, which has offered Brantford’s best recreational gymnastics since 2017.
Plage Saint-Pierre Beach & Campground, a vacation destination in Cheticamp, Nova Scotia, announced today that it has launched an equity investment round through FrontFundr, Canada’s leading crowdfunding platform.
Now everyone has the opportunity to build their wealth by investing to become a co-owner of oceanfront real estate, starting at just $1,000.
Situated at the gateway of the world-famous Cape Breton Highlands National Park and just off the Cabot Trail, this real estate investment property is packed with potential. And Forge & Foster is ready to unlock that potential through its unparalleled expertise in real estate management.
The Plage Saint-Pierre Beach & Campground boasts 2,500 feet of sandy beach, quaint cabins, RV rentals, and sites for tents and RVs. However, there is plenty of opportunity for improvement and expansion.
Joe Accardi, Partner and CEO at Forge & Foster Investment Management, said, “This is a very special opportunity for investors and we’re excited to offer it through our trusted partner, FrontFundr. Never before have people had the opportunity to invest in spectacular real estate like this, starting at just $1,000.”
Plage Saint-Pierre is a picturesque holiday getaway with pristine night sky views of the Milky Way. Eagles, whales, salmon, moose, red fox, and seals enjoy this tranquil, pastoral setting with calm salty winds, ever-changing seas, ocean mist and stunning sunsets. Visitors can gather wild blueberries and strawberries or set off kayaking, paddle boarding, hiking, or cycling.
The nearby Cabot Cape Breton Golf Club is a popular destination. The acclaimed course is nestled between the Gulf of St. Lawrence and the majestic Cape Breton Highlands.
At Plage Saint-Pierre, you’re minutes from the Gypsum Mine Trail and the lively Accadian village of Chéticamp, where you can dine on fresh seafood.
The crowdfunding campaign runs through to September 7, but shares are selling out fast, so don’t delay — invest today!
Plage Saint-Pierre Beach & Campground is currently raising $595,000. Details of the offering can be found at frontfundr.com/forgeandfoster. This communication is for informational purposes only.<
The retail asset class continues its return to consistency with a few smaller deals this week.
The largest transaction in Hamilton this week was for 250 Fruitland Rd. in Stoney Creek. This 19.64-acre piece of land sold for $23.562 million (approximately $1.2 million/acre). This is below market value for residential land. However, the parcel appears to be zoned agricultural currently.
Nearby, developer Melrose Investments purchased 4.44 acres for $900,000 ($202,000/acre), which is great value but probably includes more work than the Fruitland Rd. deal.
The largest transaction in the area occurred in Cambridge, where Argyle Capital Partners purchased a 200,000 sq. ft industrial building for $33 million ($165/sq. ft). It’s a slightly large purchase price given the market and size of the asset, but I wouldn’t be surprised if this were fair market value given the way industrial demand and industrial market lease rates continue to grow.
In the news, Emblem launches Hamilton’s largest downtown project, the COA moves forward with a 109-unit development project on Dundurn St., and the website has been launched for the 75 James Condo development by LiUNA.
Now You Can Co-own A Nova Scotia Beach Destination With A Crowdfunded Real Estate Investment
We present the opportunity to invest in Plage Saint-Pierre Beach & Campground, an oceanfront property in Chéticamp, Nova Scotia with a targeted Investor IRR of 44.3% over the 2-year project period and a 2.1x equity multiple.
The property sits on 67 acres with 2,500 feet of private sandy beach on one of Nova Scotia’s warmest bays.
This property has a strong existing cash flow and upside through various initiatives. Plage Saint-Pierre boasts 90 seasonal sites, 66 overnight sites, eight trailers, one one-bedroom chalet and one two-bedroom chalet.
Situated at the gateway of the world-famous Cape Breton Highlands National Park and just off the Cabot Trail, this real estate investment property is packed with potential. And Forge & Foster is ready to unlock that potential through its unparalleled expertise in real estate management.
The Plage Saint-Pierre Beach & Campground boasts quaint cabins, RV rentals, and sites for tents and RVs. However, there is plenty of opportunity for improvement and expansion.
Would you like to receive these updates in your mailbox each week? Sign up now!
Textile studio is moving into Felton Brush building, under its partnership with Aeon Studio Group, in what is shaping up to be the Bayfront Studio District, writes Jeff Mahoney
By Jeff Mahoney, Spectator Reporter
Mon., July 4, 2022
Hardly half a year after opening a brand new digital studio on James North — it still has that new studio smell — Centre[3] is moving its textile studio into the stately old Felton Brush industrial building on Harriet Street.
The area’s largest transaction was in Hamilton at 970 Upper Wentworth St. Everest purchased the 79,000 sq. ft retail plaza for $26 million ($329/sq. ft). It illustrates a high price-per-square-foot for retail that was more commonplace pre-pandemic.
970 Upper Wentworth St. is across from the Lime Ridge Mall, which made the news recently thanks to Cadillac Fairview‘s proposal to demolish the former Sears building and replace it with two 12-storey residential towers.
It’s great to see retail continuing its comeback in 2022.
The region’s second-largest purchase was in Waterloo, where Lexington Park Real Estate Capital purchased a 31,800 sq. ft industrial building at 80 Lodge St. for $12.5 million ($393/sq. ft). That’s an absolutely massive valuation for industrial.
In the news, Slate plans to break ground on Corktown condo highrises in 2023; the OLT approved 25 storeys for Vrancor‘s residential project at 354 King St. W.; and DeSantis is planning luxury condos in rural Winona.
The week saw below-average transaction levels. However, it’s typical to see regressed transaction levels right after the beginning and end of the month.
In Hamilton, the largest transaction was Fengate Asset Management‘s purchase of a house on 2.25 acres for $2 million ($888,889/acre). The property is adjacent to the 75 acres of airport land Fengate purchased in April 2021. This new purchase provides them with street front access to Airport Rd.
The week’s largest purchase in the area was in Waterloo, where IN8 Developments purchased an office building for $9 million ($169/sqft). It’s an interesting purchase because IN8 Developments is known mainly for residential developments. As an office acquisition (as opposed to residential), the dollar value per square foot is low. It could indicate some vacancy, high capital expenditures or softening office values.
Recently, office transactions are becoming more frequent, however, not all office transactions are at peak values. In any case, it’s great to see demand increasing to pre-pandemic levels.
In the news, the American venue group OVG will take on their first Canadian project with the renovation of Hamilton’s FirstOntario Centre (formerly Copps Coliseum); Hamilton City Council and Vrancor have reached a deal for 354 King St. W.; and in downtown Hamilton, a three-alarm blaze levelled a 1920s-era building slated for redevelopment.
Through the Canadian crowdfunding platform FrontFundr, you can co-own Canada’s most exciting startups and build a diverse portfolio of growth and venture-backed businesses. VISIT FRONTFUNDR TODAY AND GROW YOUR WEALTH
Soaring real estate prices have locked many Canadians out of the market — and the wealth gains that come with ownership.
“For too long, real estate has been behind closed doors and not accessible to everyone,” says Joe Accardi, Partner & CEO of Forge & Foster. “We want to bring real estate to all Canadians, and FrontFundr is something that we’re really excited about.”
WHAT IS FRONTFUNDR?
FrontFundr is Canada’s leading online private markets investing platform and an exempt market dealer.
Founded in Vancouver in 2013, the startup’s mission is to democratize the private sector investment model by offering companies an alternative to venture and private equity investing.
FrontFundr provides investors with the opportunity to invest in startups and growth companies. Their online platform allows all Canadians — from professionals to first-time investors —to support the ideas and initiatives they want to see succeed.
The company has built up a community of over 34,000 users, run over 100 successful funding campaigns, and helped businesses raise more than $120 million so far.
“You might think you can only invest in Wealthsimple and public stocks, but you can also invest in early stage companies from the very beginning.”
“We’re missionaries to spread the word around equity crowdfunding, in general,” says Peter-Paul Van Hoeken, the founder and CEO of Silver Maple Ventures, FrontFundr’s parent company. “Creating awareness has been a huge job for our company in the last five years. You might think you can only invest in Wealthsimple and public stocks, but you can also invest in early stage companies from the very beginning.”
The popular destination boasts quaint cabins, RV rentals, and sites for tents and RVs. However, there is plenty of opportunity for improvement and expansion.
Situated at the gateway of the world-famous Cape Breton Highlands National Park and just off the Cabot Trail, this real estate investment property is packed with potential. And Forge & Foster is ready to unlock that potential through its unparalleled expertise in real estate management.
“Never before have people had the opportunity to invest in spectacular real estate like this, starting at just $1,000.”
Joe Accardi, Partner and CEO at Forge & Foster Investment Management, said, “This is a very special opportunity for investors and we’re excited to offer it through our trusted partner, FrontFundr. Never before have people had the opportunity to invest in spectacular real estate like this, starting at just $1,000.”
WHY FRONTFUNDR?
Here are the main benefits of investing in real estate through FrontFundr:
No fees
Pride of ownership
No need to qualify for a mortgage
No down payment required
None of the pain of managing a property
No closing costs
No need to find tenants or maintain the property
You’ll get a share of rent and gains on the property when it’s sold
You’ll receive ongoing oversight and support
Every investment project undergoes a detailed due diligence process
“Join FrontFundr. Take a look at their projects. You can invest in a project that you’re excited about,” says Accardi.
⭐⭐⭐⭐⭐ Great platform to invest in early stage enterprise The investment process was straightforward and well explained. —Jean-Philippe Deblois, Trust Pilot
⭐⭐⭐⭐⭐ Great platform that is intuitive and easy to use! Good access to detailed prospectus and pitch info. The digital signing process is simple and efficient. Private company investing has never been this easy or accessible. — Ken Smith, Trust Pilot
⭐⭐⭐⭐⭐ I feel fully confident that I am making sound investment decisions for myself. FrontFundr is an essential platform to democratize investing into early stage companies that have huge potential to add value. — Leon Lie, Trust Pilot
WHAT ARE THE EXPERTS SAYING?
“Small investments in multiple projects add up over time. That makes it appealing for young people who want to get in the habit of investing.”
“I feel that real estate crowdfunding can be a viable tool for those who want to invest in real estate but are restricted due to a lack of money or credit,” says Mark Ting, CBC’s finance columnist. “Small investments in multiple projects add up over time. That makes it appealing for young people who want to get in the habit of investing.”
“A crowdfunded model comes with transparency and tangibility,” Tina Tehranchian, an Assante Capital Management Ltd. senior wealth adviser told the Globe and Mail. “You can drive by the property and boast to your friends that you have a share of ownership of this property.”
A plan to create a film studio hub on city-owned lands at Hamilton’s west harbour has added a cast member.
TAS — a Toronto-based firm that focuses on mixed-use projects and commercial community hubs — is to lead the proposed redevelopment of the roughly 14 acres of barren land between the CN rail yard, Queen, Tiffany and Barton streets.
Meanwhile, Aeon Studio Group, which already has a production studio on Queen near the city-owned parcels, is “thrilled” to have TAS aboard, partner Jeff Anders said.
The consortium, which aims to turn the properties into a mixed-use creative arts and residential district anchored by film and television production studios, also includes Forge and Foster, a local real estate investment firm.
In February, Aeon opened its Bayfront Studios in an 80,000-square-foot former manufacturing building at 243 Queen St. N., across from the city-owned lands eyed for the mixed-used development.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
Cookie
Duration
Description
cookielawinfo-checkbox-analytics
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional
11 months
The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy
11 months
The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
&mc_cid=a6a06c6ca0&mc_eid=bcfd906df3){kind=link}