Chew's News

New Niagara Condo Developments Announced

Posted by Greg Chew on Sep 27, 2017 1:51:30 PM

Today I’ll be looking at three new Niagara condo developments that have gathered attention recently. These developments are in varying phases of completion, from near complete to beginning construction.

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Topics: Niagara, Residential Developments

Architectural Gems in Niagara: The Imperial Bank in Port Colborne

Posted by Greg Chew on Jul 26, 2017 12:59:41 PM

Imperial Bank Building - 212 West Street, Port Colborne

The imperial Bank was constructed in 1911, when Port Colborne was still a village, (it became a town in 1918). At the time of its construction, Port Colborne was a popular vacation destination for Americans, especially from Tennessee. The banks Classical Revival of the Beaux-Arts style fit in well with the homes being built by visiting Americans at the time.

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Topics: Niagara

Niagara Falls Tourists Spending More Money

Posted by Greg Chew on Jul 19, 2017 11:25:16 AM

According to Niagara Falls Tourism, 12 million visitors took in the beauty of the falls and surrounding tourist attractions in 2016; a number that continues to increase meaning more expenditures on local tourism businesses. The majority of visitors still come from elsewhere in Ontario, although visitors from the United States and overseas continue to spend liberally in Niagara. Tourist diversity should be kept in mind if considering purchasing a Tourist Commercial property.

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Topics: Niagara, hotel investment

Guide to Niagara’s Foreign Trade Zone

Posted by Greg Chew on Jun 6, 2017 4:06:24 PM

Just over a year ago Niagara was named Ontario’s first Foreign Trade Zone, and in that first year, we are already experiencing the rewards.

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Topics: Niagara, Niagara Economic Development

What’s next for the Lincoln Fabrics building?

Posted by Greg Chew on May 18, 2017 9:30:53 AM

The summer of 2016 was a turning point in the revitalization of Port Dalhousie. New commercial projects were finalized along Locke Street, the Union Waterfront development was announced in place of Port Tower and the Murphy’s building was sold through Colliers Niagara for revitalization. The estate of the historic Lincoln Fabrics property also hired me to market the property for sale with the Colliers Interational team as a commercial or residential redevelopment opportunity.

I am pleased to announce that Lincoln Fabrics has sold and details of what’s next for the property are slowly being released.

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Topics: Niagara, Residential Developments

New Residential Development Potential in St. Catharines

Posted by Greg Chew on Apr 21, 2017 3:56:08 PM

Niagara has become the fastest growing real estate market in the country. Average sales prices are up over 30%, with the new average sales price sitting at $403.124. This increase is thought to be a result of Toronto-based families moving further and further out of the GTA to find affordable places to live. The market demand in Niagara will only continue to rise.

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Topics: Niagara, Residential land development

Foreign Investment in Niagara is Booming

Posted by Greg Chew on Apr 18, 2017 11:06:41 AM

Canada is seeing a rise in foreign investment in commercial development. For the second consecutive quarter foreign investors put more money into the commercial market than private Canadian investors. In fact, they accounted for 41% of all activity, Canadians accounted for 24% of investment activity in the market.

There has been a 33% increase in foreign investment since 2015, totalling $34.7 billion dollars in commercial development funding.

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Topics: Niagara, Niagara Economic Development

A Breakdown of Fort Erie’s Unprecedented Growth

Posted by Greg Chew on Mar 22, 2017 12:03:46 PM

Fort Erie is growing at a rapid rate.

The sleepy border town’s residential growth has accelerated past peak numbers recorded in 2007, hitting 256 new households in 2016. These numbers may feel small in comparison to other Niagara cities, but it’s growth never seen before in Fort Erie.

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Topics: Niagara, Residential Developments

Invest in Niagara - The Student-Centric Locke Condos Selling in Welland

Posted by Greg Chew on Feb 14, 2017 12:40:30 PM

Since it’s launch in December 2016, The Locke condo development in Welland has garnered a lot of interest from investors and rightly so. The development, which will be rented out as student residences to serve Welland’s Niagara College campus, is marketing it’s units to potential investors.

The concept launched by N Square Development Group includes 42 units featuring two to four bedroom condos over seven storeys. Sitting on Niagara Street in Welland, the condo will offer easy transportation access for students and an attractive home during their college stay. Investors are expected to see a 36.5% gross return on investment over a two year period.  

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Topics: Niagara, Welland, Residential Developments

The Importance of Reviewing and Understanding your Commercial Lease

Posted by Greg Chew on Feb 9, 2017 4:53:27 PM

Contracts are a necessary part of doing business and one of the most important contracts a business will sign, is their Lease. Not only are Leases a form of protection (for the lessor and lessee), they outline the obligations of each party

Commercial Leases are not standard contracts as every business has their own needs and requirements; room for negotiation needs to be accommodated.

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Topics: Niagara

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All blog entries on this site are the opinion of the author(s) and not those of Colliers International. Colliers International neither endorses sponsors nor necessary shares the opinions of the author(s), regardless of whether any blog is posted by any employee, officer, agent, or representative of Colliers International. Colliers International has not authorized or verified any statement of fact made in a blog, and any such statement does not constitute a statement of fact by Colliers International. Colliers International is not responsible for the monitoring or filtering of any blog, nor does Colliers International claim ownership of control over any blog.