Phantom of the Offer – Final Curtain Call

Starting July 1, 2015, Ontario real estate brokerages acting on behalf of sellers will be required to handle real estate purchase and sale offers differently.  Much differently in fact. Real estate brokerages will now be required to keep a copy of all written offers (or an equivalent summary) that it receives for at least one year [...]

By |2017-02-06T22:53:32+00:00March 21st, 2015|Commercial, Real Estate News|Comments Off on Phantom of the Offer – Final Curtain Call

Commercial Market Update – September 2000

The Toronto commercial market had another good month in September, with space leased and average lease rates up from both August 2000 and September 1999, Commercial Council Chair Dennis Lunow announced today. "Historically," Mr. Lunow said, "the fall market tends to show an increase in activity, and with this increase comes a working down of [...]

By |2017-02-06T22:54:08+00:00October 1st, 2000|Commercial, Market Update|Comments Off on Commercial Market Update – September 2000

Commercial Market Update – August 2000

In August both total square footage leased and average price per square foot were up over the same month last year, TREB's Commercial Council Chair Dennis Lunow announced today. Mr. Lunow noted that: • Overall, 910,936 square feet of space of all types was leased through the Board last month, up 14% from the 798,948 [...]

By |2015-07-13T20:59:40+00:00September 1st, 2000|Commercial, Market Update|Comments Off on Commercial Market Update – August 2000

Commercial Market Update – July 2000

In July 2000, the average lease rate for all catagories of Industrial space was $5.25 sfn, up 11% from the $4.71 sfn recorded in July of last year, Commercial Council Chair Dennis Lunow reported today. "This issue marks the 1st anniversary of the Commercial Realty Watch," Mr. Lunow continued, "When it was launched, we said [...]

By |2015-07-13T20:59:55+00:00August 1st, 2000|Commercial, Market Update|Comments Off on Commercial Market Update – July 2000

Commercial Market Update – June 2000

As inventory declined, the commercial market continued its up-again down-again trend in June, with rates mostly up but with the amount of space leased through the Toronto Real Estate Board's MLS system falling 14% to 937,548 sq. ft, TREB Commercial Council Chair Dennis Lunow said today. Some highlights: • Rates for industrial space as a [...]

By |2017-02-06T22:54:09+00:00July 2nd, 2000|Commercial, Market Update|Comments Off on Commercial Market Update – June 2000

Commercial Market Update – May 2000

May's market for commercial space snapped back from April's softness, with 1,093,089 sq. ft. being leased through the TREB MLS system, a 39 per cent increase from the 786,758 sq. ft. recorded in the previous month, TREB Commercial Council Chair Dennis Lunow announced today. "Although activity increased, rates continued their see-saw trend in May," Dennis [...]

By |2015-09-05T02:58:16+00:00June 2nd, 2000|Commercial, Market Update|Comments Off on Commercial Market Update – May 2000

Commercial Market Update – April 2000

The Commercial/Industrial market slowed somewhat in April, with 786,758 sq. ft. total space leased through the Board, down 24 per cent from the 1,043, 434 sq. ft. recorded in March, Commercial Council Chair Dennis Lunow announced today. "However," Mr. Lunow added, "both phenomenon can be attributed to a decrease in available inventory. At 8,085, commercial/industrial [...]

By |2015-07-13T21:00:45+00:00May 1st, 2000|Commercial, Market Update|Comments Off on Commercial Market Update – April 2000

Commercial Market Update – March 2000

TREB Member's leased 1,043,434 sq. ft. of Commercial/Industrial space through TREB's MLS system in March, Commercial Council Chairman Dennis Lunow reported today. "That's up 23% from the 847,993 sq. ft. recorded in February, and makes March our best result since last June, when we first began tracking this part of the market." Mr. Lunow went [...]

By |2015-07-13T21:00:52+00:00April 2nd, 2000|Commercial, Market Update|Comments Off on Commercial Market Update – March 2000

Commercial Market Update – February 2000

The amount of space leased through the TREB MLS system increased 17.2% in February, to 847,993 sq. ft. from January’s 723,474 sq. ft., TREB Commercial Council Chair Dennis Lunow announced today. In addition, Mr. Lunow said, the number of sold transactions was up 38%, to 61 from January's 44, demonstrating an increasing level of confidence [...]

By |2015-07-13T21:00:06+00:00March 2nd, 2000|Commercial, Market Update|Comments Off on Commercial Market Update – February 2000

Commercial Market Update – January 2000

Lease prices for Industrial, Commercial/Retail and Office Space increased in January, Commercial Council Chairman Dennis Lunow reported today. "As the inventory of available space gets worked down, there is a natural, upward pressure on rates, " Mr Lunow said, noting that the trend encompassed all property classes. For example, in the 0-5,000 square foot range: [...]

By |2015-07-13T21:01:00+00:00February 2nd, 2000|Commercial, Market Update|Comments Off on Commercial Market Update – January 2000