Multi-Family Investment Opportunity in Lachine, Quebec

New on the market! Unique investment opportunity for owner occupant in Lachine (Quebec)

NAI Commercial, represented by Shlomo Benarroch, has been mandated exclusively for the sale of 401-403, des Érables, Lachine.

This investment property with visibility and accessibility from Highway 20 is ideal for an owner occupant and includes 5 apartments units.

The asking price is $1,125.000

Please review the listing flyer and/or contact the listing Real Estate Broker. More >

NAI Global Economic Briefing Featuring Dr. Peter Linneman on May 21st

Join Jay Olshonsky, NAI Global President and Dr. Peter Linneman, NAI’s Chief Economist, for an economic briefing. Dr. Linneman will address several topics during this Web conference, including:

    What inning is the recovery in?
    Is the market overheating?
    Is there finally light at the end of the economic tunnel?
    As tapering ends, will rates finally rise?
    What are banks doing with all their money?
    How vulnerable are cap rates?
    Update on oil prices.


13,000 SF Freestanding Distribution Facility in Delta, BC sold by NAI Commercial

Doug O’Neill of NAI Commercial – Vancouver has recently sold a Distribution Facility with 13,000 SF building size on 2.25 acres on 1659 Fosters Way, Delta, British Columbia for $4,700,000. The freestanding building is located in the highly sought after industrial area of Annacis Island, Delta.

Sale of a 4,898 SF Industrial Property near Mascouche train station, Quebec

NAI Commercial, represented by team Lacombe-Coulombe (Daniel Coulombe, Sylvie Coulombe, Jean-Luc Lacombe, Robert Lacombe) announces the sale of 1370 de la Gare, Mascouche, a 4,898 sq ft industrial condo that includes an additional private fenced lot of 4,579 sq ft.

Having already two other transactions in the same complex, the vendor chose team Lacombe-Coulombe for its effective results.

On his part, the buyer will operate a new business consisting in the preparation and maintenance of ice surfacing machines for arenas. More >

Oil Economics – The Linneman Letter from NAI Global Chief Economist

The big questions on everyone’s mind are, “What do low oil prices mean?” and “Will they remain low?” The volatility of crude prices has increased since 1994. From 1964-1993, the standard deviation of real crude prices was $24 per barrel. In contrast, the standard deviation of prices for the most recent 20 years was $31 per barrel. In the
first quarter of 2008, immediately before the Great Recession, real oil prices increased 41%, from $104 per barrel to $146 per barrel, a 50-year high. Since 2008, real oil prices have been volatile, with crude plummeting to $43 per barrel in the first quarter of 2009 before rising to $116 by the second quarter of 2011, and subsequently declining to current pricing.
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NAI Commercial Q1-2015 Office Report on Metro Vancouver

The first quarter of 2015 closed with little change over the last quarter of 2014. Crude oil is still hovering around $50 a barrel. Since oil has such a strong influence on Canada’s economy, the Canadian dollar seems to have stabilized around $0.80. US.

The Canadian unemployment rate fell through 2014. That trend continued into 2015 with the unemployment rate falling to around 5.5 percent. Locally, we are happy to report that the Vancouver Office Space market is continuing on a steady, level path. Last quarter we reported a vacancy rate Downtown of 10.2 percent; that has increased slightly to 10.5 percent. The Suburban market shows a decrease of just 0.3 percent in vacancies. The Vancouver periphery market has decreased 0.4 percent.

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NAI Team Poitras Relocates Coalision – Owner of the Lolë Clothing Brand, Head Office in Quebec

For sale – $7.95 M Investment Portfolio In Deux-Montagnes (Quebec)

NAI Commercial, through Team Sauvé (Richard Sauvé, SIOR et Anne-Marie B. Sauvé) has been mandated in exclusivity for the sale of 2602-2700, des Promenades, Deux-Montagnes.

This investment property with high potential and outstanding visibility has an occupancy rate of 100% with tenants such as Tim Hortons, Ultramar, Couche-Tard, Videotron, Valentine, Subway.

The asking price is $7,950,000. Please contact Team Sauvé at tel 514 866 3333 for further details. More >

NAI Commercial Sold Surrey Golf Club

NAI Commercial is pleased to announce the sale of the Surrey Golf Club at 7700 168th Street, Surrey B.C.. Business in Vancouver rated Surrey Golf Club as the busiest public golf course in Metro Vancouver for 2007-2013, with the most rounds played. Surrey Golf Club has been in operation since 1971 and is highly regarded in the golfing community with industry leading rounds, driven by outstanding value.

The 27 hole course totals 163 acres is ideally located on major roadways in the heart of the City of Surrey. The properties are zoned for golf course and other various ancillary uses. The sale included the clubhouse of approximately 10,000 sq.ft. complete with an 80 seat lounge, 150 seat banquet room, pro shop, and administration offices as well as an 11,000 sq.ft. maintenance building. In addition, all equipment and inventory for golf operations, restaurant, and pro shop were included.

For more information, please contact Senior Vice President Gary Haukeland and Senior Associate J-D Murray of our Vancouver Office at (604) 683-7535.

Sale of about $5 million for a 60,027 sf Industrial Building in Saint-Hubert, Quebec

NAI Commercial, represented by Team Poitras, is proud to announce the sale of an industrial facility located at 5400 Armand-Frappier in Saint-Hubert, Québec to Groupe immobilier Foodarom inc.

The property of an area of 60,027 sf, sitting on 187,054 sf of land, is located in the Saint-Hubert Industrial Park at the Grande-Allée exit along Highway 30. The new owner will occupy half the facility and will offer from 24,000 to 53,000 sf of warehouse space for lease. More >