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About the CCIM Designation

Posted by on April 12, 2016 in Recent Works | Comments Off on About the CCIM Designation

About the CCIM Designation

About the CCIM Designation A CCIM (Certified Commercial Investment Member) is a recognized expert in the commercial and investment real estate industry. The CCIM Institute offers commercial real estate practitioners the opportunity to elevate their business practices through focused education and networking. Education For more than 40 years, the CCIM Institute has been building opportunities in commercial real estate through its respected education program. Taught by established practitioners, CCIM Institute’s real-world education is your source for: Commercial real estate analysis tools Business-building connections Continuing education credit   $200 Billion 67% 13,000 CCIM members close thousands of transactions annually, totaling more than $200 billion in value. of CCIM designees hold the title of owner, partner, principal, president, vice president, or broker. CCIM members are based in more than 1,000 markets in 30 countries around the world. A CCIM (Certified Commercial Investment Member) is a recognized expert in the commercial and investment real estate industry. The designation helps CCIMs and their clients: Minimize risk Boost credibility Make informed decisions Close more deals The CCIM lapel pin is earned after successfully completing a designation process that ensures CCIMs are proficient not only in theory, but also in practice. Taught by established practitioners, the program provides a real-world education in: Financial analysis Market analysis Investment analysis Negotiations     This elite corps of CCIMs includes: brokers appraisers institutional investors other allied professionals leasing professionals corporate real estate executives commercial lenders investment counselors property managers attorneys asset managers developers bankers                   Source Visit our company home page at...

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Custom Demographic Reports

Posted by on April 11, 2016 in Recent Works | Comments Off on Custom Demographic Reports

Custom Demographic Reports

A demographic report prepared by a Certified Commercial Investment Manager CCIM is different from a typical residential demographic report.  CCIM member have access to the CCIM Site To Do Business STDB. The STDB offers several different types of reports and map funcions. CCIM Demographic Market Reports have market information and spending habits as well as the unique ability to create visual reports on maps using demographic data. The market demographic report is very helpful as it indicates how much spending is occuring in an area, this can be very helpful when determining if a location is right for you. Reports can sort data based on Age, Sex, Occupation, Income, Family, Housing, Language and Ethnicity. A comparison can also be made of 2 locations to show which location has more favorable demand for a business.  When you combine this with traffic counts and local knowledge of the area, a business can make a much nore educated decision on a potential...

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About Canadian Commercial Council of Realtors

Posted by on April 10, 2016 in Recent Works | Comments Off on About Canadian Commercial Council of Realtors

About Canadian Commercial Council of Realtors

Cameron Paine became a member of the Canadian Commercial Council of Realtors in 1996. Members of the Canadian Commercial Council of Realtors are experienced in commercial real estate. The Canadian Commercial Council of Realtors ensure that members have specialized knowledge in one or more areas of commercial real estate, namely; appraisal, office leasing, industrial leasing/sales, multi-family/apartment buildings, property management, land/development sites, syndication, investment, retail leasing/business brokerage, consulting, farms/ranches, hotels/motels; Qualifications to become a member include: A commercial real estate course, which has been approved by the Council. Knowledge of the following: • Leasing • Investment Analysis • Commercial Financial Calculator • Commercial Construction • Business Brokerage • Taxation/Financing • Planning and Zoning Examples of acceptable courses include: • CCIM courses • Experience in: SALES/LEASING: Has within the last two years completed a minimum of three (3) commercial transactions or a volume of two million dollars ($2,000,000). OR Experience in PROPERTY MANAGEMENT: Must have five million dollars ($5,000,000) of real estate under management. OR Experience in APPRAISAL: Must have a minimum of six (6) appraisals of industrial, commercial and/or income producing properties within immediate past year, exceeding the value of two hundred and fifty thousand dollars ($250,000) each and having a minimum aggregate value of two million dollars ($2,000,000). OR A combination of the above Cameron has been involved in over 75 million in Commercial Rela Estate Trensactions. Cameron also manages a large Commerical real estate portfolio, and has represented such larger clients as the City of Windsor, Ontario Realty Corp, Her Majesty the Queen, County of Essex, Enwin Utilities, Greater Essex County Public School Board, Greater Essex County Catholic School Board, Town of Lakeshore, RIO CAN, TD Bank, Royal Bank, Smart REIT, Canadian REIT, Amico and may...

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Are You Paying To Much in Real Estate Taxes?

Posted by on January 27, 2014 in Blog, Taxes | Comments Off on Are You Paying To Much in Real Estate Taxes?

Are You Paying To Much in Real Estate Taxes?

Real Estate Taxes effect all property owners in Canada and are often not something property owners pay close enough attention too.  In Ontario the Municipal Property Assessment Corporation (MPAC) assesses properties for their estimated market value, the municipality then takes this assessment and applies its mill rate (depending on your property type) which determines the taxes payable by the property owner. The City of Windsor’s residential and commercial mill rates have been the highest in Essex County, and one of the highest in Canada for several years. With high mill rates, I always recommend  paying  close attention to your assessment.   Checking the value of your property is something that should be done every few years to ensure you are not over paying in taxes. Contrary to what many believe, a increase in your property assessment from MPAC, does not necessarily mean your property has increased in value.  While MPAC tries to ensure all assessments are fair, it is possible for a property to become over-assessed. A high assessment not only means a property owner is paying to much in taxes each year, it can also mean a property will be harder to sell, as Buyers add the current taxes to their expenses when deciding to purchase a home. MPAC reassesses all properties every few years, with the last base assessment year being 2012.  Each year a property owner is given the current years assessment from MPAC and given a deadline to accept or question the assessment. I you do not agree with your current assessment you can have someone file a request for reconsideration for you, or you can file a request for reconsideration yourself. The deadline to submit a Request for Reconsideration for the 2014 tax year is March 31, 2014. Appealing taxes can be a stressful process. Having a third party handle a notice of reconsideration, offers an arms length discussion with MPAC and eliminates much of the stress.  I have filed many notice of re-considerations for both residential and commercial  clients, and in most cases have been successful in reducing a properties assessment and a reduction in property taxes. I have seen assessments reduced by as much as 30%  ($400,000) on commercial property, which resulted in a tax savings of over $19,000 per year.   Filing a notice of reconsideration should only be done when it is seems clear that the value is over assessed, as there is always a risk the assessment could go up if a property is under assessed. If you feel your assessment is too high and would like assistance, please feel free to contact me.  A Third Party Authorization  is required when you want someone else to handle your notice of reconsideration for you. If notice of reconsideration is unsuccessful, a property owner still has the right to appeal their taxes.  ...

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101 Inspirational Quotes

Posted by on December 18, 2013 in Uncategorized | Comments Off on 101 Inspirational Quotes

101 Inspirational Quotes

From Forbes: Inspirational quotes and motivational quotes have the power to get us through a bad week, and can even give us the courage to pursue our life’s dreams. In my book, 4 Keys to Happiness and Fulfillment at Work, I share surprising research into the true triggers of workplace motivation. So in the spirit of self motivation, here are 100 inspirational quotes. 1 Whatever the mind of man can conceive and believe, it can achieve. –Napoleon Hill 2 Strive not to be a success, but rather to be of value. –Albert Einstein 3 Two roads diverged in a wood, and I took the one less traveled by, and that has made all the difference. –Robert Frost 4 I attribute my success to this: I never gave or took any excuse. –Florence Nightingale 5 You miss 100% of the shots you don’t take. –Wayne Gretzky 6 I’ve missed more than 9000 shots in my career. I’ve lost almost 300 games. 26 times I’ve been trusted to take the game winning shot and missed. I’ve failed over and over and over again in my life. And that is why I succeed. –Michael Jordan 7 The most difficult thing is the decision to act, the rest is merely tenacity. –Emelia Earhart 8 Every strike brings me closer to the next home run. –Babe Ruth 9 Definiteness of purpose is the starting point of all achievement. –W. Clement Stone 10 The past is a ghost, the future a dream. All we ever have is now. –Bill Cosby 11 Life is what happens to you while you’re busy making other plans. –John Lennon 12 We become what we think about. –Earl Nightingale 13 Twenty years from now you will be more disappointed by the things that you didn’t do than by the ones you did do, so throw off the bowlines, sail away from safe harbor, catch the trade winds in your sails. Explore, Dream, Discover. –Mark Twain 14 Life is 10% what happens to me and 90% of how I react to it. –Charles Swindoll 15 The most common way people give up their power is by thinking they don’t have any. –Alice Walker 16 The mind is everything. What you think you become. –Buddha 17 The best time to plant a tree was 20 years ago. The second best time is now. –Chinese Proverb 18 An unexamined life is not worth living. –Socrates 19 Eighty percent of success is showing up. –Woody Allen 20 Your time is limited, so don’t waste it living someone else’s life. –Steve Jobs 21 Winning isn’t everything, but wanting to win is. –Vince Lombardi 22 I am not a product of my circumstances. I am a product of my decisions. –Stephen Covey 23 Every child is an artist. The problem is how to remain an artist once he grows up. –Pablo Picasso 24 You can never cross the ocean until you have the courage to lose sight of the shore. –Christopher Columbus 25 I’ve learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel. –Maya Angelou 26 Either you run the day, or the day runs you. –Jim Rohn 27 Whether you think you can or you think you can’t, you’re right....

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Ontario’s Certified Site Program

Posted by on December 17, 2013 in Uncategorized | Comments Off on Ontario’s Certified Site Program

Ontario’s Certified Site Program

              I recently attended a presentation on Ontario’s Certified Site Program at the Windsor Essex Development Commission.  The Presentation was made by Ms. Carrie Manchuk, Project Manager for Investment Ready: Certified Site Program a Ontario Government Project. Ms. Manchuck presented a new Ontario Government program designed to promote investment in Ontario.  Site Certification has become common place in North America and is designed to reduce uncertainties for investors and speed up the site selection process. The Government is providing funding to assist qualifying industrial zoned sites in becoming Certified.  Owners must apply to see if they qualify to become Site Certified, and there is deadlines for application.  The Ontario Site Certified Program only applies to industrial sites that are 10 Acres or more.  This eliminates the majority of available sites in Windsor and Essex County.  However the structure and requirements of becoming site certified are examples all property owners and developers should take note of. With the intent of luring Companies from around the world to Ontario. The Ontario Government has produced a database of approximately  1600 site prospectors / investment brokers from around the world.  The Ontario Government  intends to market the Site Certified Sites to these site prospectors.  By having sites pre-qualified or certified, it is hoped investors and companies will not overlook Ontario as a place to invest.  As investors look at many sites and locations, it is very helpful if a site prospector / broker has as much preliminary information as possible when including or excluding  a site as a potential place to invest. The idea is to get all the information in one place that can be accessed in just a couple of minutes. The Ontario Government is offering financial assistance to qualifying sites that wish to become site certified. As a commercial realtor, I prepare much of this information for a listing, and can assist clients in applying for Site Certification.  Buckingham Realty is now producing custom websites which will feature much of this information, at a quick glance ie. www.4000rhodes.com The Windsor Essex Development Commission can also assist in providing available skilled employment, demographics and other area specific reports. Some of the Basic information needed to apply include: Minimum 10 Acre Site Aerial Photo Site Location / Context Map Title Search Existing Property Survey/Registered Site Plan Tax Assessment Map Current Zoning Environmental Report including weather property is in a flood zone, or has potential to be contaminated Availability of Services Water, Gas, Electricity, Communication (including capacities) Access to Transportation: Road, Highway, Rail, Air, Water Proximity to Border Potential Development Constraints including any Heritage designations Other Additional Information that may be required includes: Title Opinion or Insurance Planning Report Phase 1 Environmental Phase 2 Environmental Archaeological Assessment Natural Heritage Assessment / Environmental Investigation Species at risk Assessment Functional Servicing Report Technical Heritage Studies Appraisal For More Information Visit: https://www.ontario.ca/business-and-economy/investment-ready-certified-site   Benefits You can receive up to 50% of your eligible expenses back per site. The maximum reimbursement is $25,000 per site. Investment ready sites also benefit from: an international marketing campaign aimed at the site selection community a profile on www.InvestinOntario.com promotion at key global real estate, site selection and investment attraction events Overview of Program PDF Pre-Screening Application Instruction Page Application to Certify      ...

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Windsor Essex Market Watch August 2013

Posted by on August 1, 2013 in Market Watch | Comments Off on Windsor Essex Market Watch August 2013

Windsor Essex Market Watch August 2013

RESIDENTIAL MARKET The number of residential sales in Windsor and Essex County remains fairly flat year to date as of July 31, 2013, with an increase of only 1%, compared to YTD July  31, 2013.  The average price increased 4% to $181,210  from $174,144 during the same period.  Active Listings as of July 31, 2013 was 2,738 compared to 2808 in 2012, this is a decrease of 2.6%.  The market remains fairly balanced with a listing sales ratio of 54% year to date 2013 compared to 53% in 2012. We are anticipating prices to continue to rise this year, as inventory levels remain low and demand remains steady.  Many Windsor home owners have struggled with low home values.   As property values continue to improve each year,  we anticipate more home owners in future years will be looking to buy and sell, as they will have more equity available to them. CONDO MARKET The number of condo sales in Windsor and Essex County has increased 4.3% year to date as of July 31, 2013.  The average price year to date increased substantially to $137,498 as of July 31, 2013  from $128,794 in 2012, representing an increase of 6.8%. Active  Condo Listings as of July 31, 2013 was 225 compared to 259 in 2012, this is a decrease of 13.1%.   . The Listing Sales Ratio increased to 54% year to date  as of July 31, 2013 compared to 50% in 2012. The substantial drop in condo inventory is putting upward pressure on condo prices.  With rising prices and steady demand, we expect the construction on new condominiums will begin to resume within the next 1 – 2 years after coming to a halt in 2009. Other News:  The City of Detroits declaration of Bankruptcy.  Detroit tax base has fallen dramatically, as the city struggles with a declining population, declining property values, and hi vacancy. However Michigan as whole is now in recovery with prices recovering rapidly from their substantial drop in 2009. Windsor is still struggling with unemployment, Windsor’s jobless rate moved up to third in Canada in June despite the fact it fell marginally from 9.5 per cent in May to 9.4 per cent last month. The CMHC housing outlook report shows housing starts continue to be low in 2013....

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First-Time Home Buyers’ Tax Credit (HBTC)

Posted by on April 19, 2013 in Buyers | Comments Off on First-Time Home Buyers’ Tax Credit (HBTC)

Source From Canada Revenue Agency http://www.cra-arc.gc.ca/gncy/bdgt/2009/fqhbtc-eng.html 1. What is the home buyers’ tax credit (HBTC)? For 2009 and subsequent years, the HBTC is a new non-refundable tax credit, based on an amount of $5,000, for certain home buyers that acquire a qualifying home after January 27, 2009 (i.e., generally means that the closing is after this date). 2. How is the new HBTC calculated? The HBTC is calculated by multiplying the lowest personal income tax rate for the year (15% in 2009) by $5,000. For 2009, the credit will be $750. 3. Am I eligible for the HBTC? You will qualify for the HBTC if: you or your spouse or common-law partner acquired a qualifying home; and you did not live in another home owned by you or your spouse or common-law partner in the year of acquisition or in any of the four preceding years. If you are a person with a disability or are buying a house for a related person with a disability, you do not have to be a first-time home buyer. However, the home must be acquired to enable the person with the disability to live in a more accessible dwelling or in an environment better suited to the personal needs and care of that person. 4. What is a qualifying home? A qualifying home is a housing unit located in Canada acquired after January 27, 2009. This includes existing homes and those being constructed. Single-family homes, semi‑detached homes, townhouses, mobile homes, condominium units, and apartments in duplexes, triplexes, fourplexes, or apartment buildings all qualify. A share in a co‑operative housing corporation that entitles you to possess, and gives you an equity interest in, a housing unit located in Canada also qualifies. However, a share that only provides you with a right to tenancy in the housing unit does not qualify. Also, you must intend to occupy the home or you must intend that the related person with a disability occupy the home as a principal place of residence no later than one year after it is acquired. 5. Who is considered a person with a disability for purposes of the HBTC? For the purposes of the HBTC, a person with a disability is an individual who is eligible to claim a disability amount for the year in which the home is acquired, or would be eligible to claim a disability amount, if we ignore that costs for attendant care or care in a nursing home were claimed for the Medical Expense Tax Credit. 6. If I buy a house, can my spouse or common-law partner claim the HBTC? Either one of you can claim the credit or you can share the credit. However, the total of your combined claims cannot exceed $750. 7. My friend and I intend to jointly purchase a home, and we both meet the conditions for the HBTC. Can we both claim the credit? Either one of you can claim the credit or you can share the credit. However, the total of your combined claims cannot exceed $750. 8. Do I have to register the acquisition of the home under the applicable land registration system? Yes. Your interest in the home must be registered in accordance with the land registration system applicable to where it is located. 9. How...

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Windsor Essex Market Watch April 2013

Posted by on April 13, 2013 in Market Watch | Comments Off on Windsor Essex Market Watch April 2013

Windsor Essex Market Watch April 2013

RESIDENTIAL MARKET The number of residential sales in Windsor and Essex County decreased 15.08% in March 2013, compared to March 2012. Despite the decrease in sales, the average price increased to $179,271 from $173,002 in March 2012. The number of new listings that came on the market decreased 8.57% in March 2013, compared to March 2012. The March 2013 sales to listings ratio (listings sold expressed as a percent of listings received) was 50% which is down from 54% in  March 2012 this is reflective of the drop in sales that occurred in March 2013.  Despite a significant drop  in sales for the month, prices continued to increase, which we feel is do to the low levels of inventory.   Properly priced homes continue to see more instances of multiple offers. Average days on the market has fallen to 65 days in February  2013 to 73 days in February 2013.  We are anticipating prices to continue to rise this year. CONDO MARKET The number of condo sales in Windsor and Essex in March 2013 was 23. This compares to 33 condo sales in the same period of 2012.  The average condo selling price was $123,994 in March 2013 a decrease of 2.97% from 2012. As of March 31, 2013 there were 55 new condo listings received compared to 73 new condo listings in March 2012. The sales to list ratio (Listings sold expressed as a percent of Listings received) for March  2013 period was 42% compared to 45% in March 2012. The inventory of active condo listings as of  March 31, 2013 was 224 units. This compares to 250 units in 2012 and is a decrease of  10.4%.  While sales did drop in March 2013, we expect that demand will remain steady in Condos, and prices will rise do to the low levels of inventory. Local News:  The biggest recent news by far is the Presidential signing of the building permit for the new Detroit –Windsor International bridge. While Windsor is still struggling with unemployment, the current strong auto sector as well as massive infrastructure projects are helping employment stability, unemployment dropped to 9.2% in February 2013. Over the past 12 months, StatsCan reports that Windsor’s population has increased by 1,300, employment is up by 2,300. This is an excellent sign that the market is improving....

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Windsor Essex Market Watch March 2013

Posted by on March 27, 2013 in Uncategorized | Comments Off on Windsor Essex Market Watch March 2013

Windsor Essex Market Watch March 2013

RESIDENTIAL MARKET The number of residential sales in Windsor and Essex County decreased 10.76% in February 2013, compared to February 2012. Despite the decrease in sales, the average price increased to $174,357 from  in February 2012. The total new inventory of homes available for sale decreased 8.78% in February 2013, compared to February 2012. The February 2013 sales to listings ratio (listings sold expressed as a percent of listings received) was 56% which was the same as February 2012 2012.  Over all Inventory levels are continuing to fall and sales are fairly steady, this is making it an excellent time to sell a home. We are anticipating prices to continue to rise this year. CONDO MARKET The number of condo sales in Windsor and Essex in February 2013 was 37. This compares to 35 condo sales in the same period of 2012.  The average condo selling price was $138,022 in February 2013 an increase of 19.8% from 2012. As of February 28, 2013 there were 74 new condo listings received compared to 35 new condo listings in February 2012. The sales to list ratio (Listings sold expressed as a percent of Listings received) for February 28, 2013 period was 50% compared to 44% in February 2012. The inventory of active condo listings as of  February 28, 2013 was 218 units. This compares to 241 units in 2012 and is a decrease of 9.5%. The number of months of inventory represents the number of months it would take to sell current inventories at the current rate of sales activity, and is a further measure of the balance between housing supply and demand. It currently stands at 5.9 months. In 2012 it was 6.9 months. Condos continue to recover strongly, having been one of the hardest in 2009. We continue to expect prices of Condos to rise this year. Local News:  Employment is likely the biggest issue Windsor currently faces. The current strong auto sector as well as massive infrastructure projects are helping employment stability, unemployment dropped to 9.2% in February 2013. Over the past 12 months, StatsCan reports that Windsor’s population has increased by 1,300, employment is up by 2,300. With stonger employment and higher population, housing demand will increase, which will put further pressure on house prices.  ...

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