Overall, the past year highlighted a growing contrast between Hamilton and the Peel & Halton markets, with Q4 showing availability for both office and industrial space increasing in Hamilton while trending lower across Peel and Halton.
How did sellers respond to the capital gains inclusion rate hike? Discover the strategic moves that defined Q2 in Commercial Real Estate. This quarter, a lot of buzz surrounded the capital gains inclusion rate increase. Many sellers were keen to divest their assets before the June 24th deadline. Now that the quarter is over, let’s dive into the data and see the impact on deal volume.
Looking back at the close of 2023, we examine how the commercial real estate market fared in the last quarter and what we can expect moving into 2024.
Presently, the City of Hamilton is reassessing its development charges for the remainder of 2024. The proposed plan suggests a staggering increase in industrial development charges to $41.48—a 148.38% surge from the current rate.
That’s a wrap on 2022. What a year it was. Our team welcomed three new members, we moved to a new office, hosted several events and started up a new newsletter.