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Hear Hot Property with Ozzie Jurock every Saturday morning between 8:30-10 am on CKNW AM980
Tip of the Week:
4/21/07
For the big investor ... VERY Expensive
Ron Bagan - VP - Colliers International:
"Land values have gone thru the roof. You cannot buy anything industrial under $750,000 an acre."
Major projects get sealed bids: "We had 9 bids with 7 figure deposit cheques on one project."
Vacancy rates under 1% ...
For the smaller investor ... BUY Strata warehouse ... but watch out...
Warehouses 4-6000 sq.ft. buy:
-6 ft ramp in the back
-Can the truck turn? Some are so tight they cannot accept the freight
-Get 25% office component.
LATE NEWS:
THE FEDERAL GOVERNMENT JUST ANNOUNCED THAT IT WILL ALLOW THE MORTGAGE LOAN TO VALUE RATIO TO BE INCREASED FROM 75% TO 80%.
A CANADIAN HISTORICAL FIRST!!! EFFECTIVE AS OF MONDAY NEXT!!!
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