North York, Downtown, or Etobicoke

Robert Veerman
@robert.veerman
Robert Veerman, Sales Associate, CBRE, https://www.linkedin.com/in/robert-veerman-26a88345/
Actively responsible in the underwriting, pitching and sale of more than $1 billion in income properties and residential and commercial development land. In addition to creating and preparing pitch materials, Robert is fully integrated in the development in the team's analytical and business development strategies driving value for clients.
Best posts made by robert.veerman
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RE: Are properties in Toronto and/or Greater Toronto Area too expensive now?
Residential is definitely at an all-time high. Commercial properties still offer good yield in comparison.
Latest posts made by robert.veerman
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RE: What are some Macro influence you think investors should be aware of in the next few years which will impact the attractiveness of investors investing in Canada?
Interests rates will remain low for the foresable future
The government needs to collect more taxes somehow; watch out for increases in the capital gains tax rate. This will kill transaction activity and make existing real estate more valuable.
Watch for immigration led growth. This is a very easy way for Canada to raise capital
I recently did an episode titled “Canada Real Estate Outlook 2020 With Robert Veerman” you should check it out if you would like to learn more: https://youtu.be/rUXPvrwy6Do
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RE: What’s your outlook for the remainder of 2020?
Thankfully I’ve closed 3 deals so far during COVID. And I am well positioned with a pipeline of product. We are going to see some big deals happen in the next 6 months. A lot of deals are being cut right now. It’s a rare time in which there are no strong market forces yet; and everyone is using this time to strategically sell, buy and reposition their assets.
I recently did an episode titled “Canada Real Estate Outlook 2020 With Robert Veerman.” You should check it out if you would like to learn more! https://youtu.be/rUXPvrwy6Do
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RE: You’re quite involved with Asian investors, such as from Hong Kong and China. How has demand for Canadian assets fared during 2020?
Travel definitely makes doing deals overseas harder. It really benefits those who already have assets or a platform in Canada already. That being said, right now I’m seeing a lot of new groups from the US active in Canada.
I recently did an episode titled “Canada Real Estate Outlook 2020 With Robert Veerman” you should check it out if you would like to learn more: https://youtu.be/rUXPvrwy6Do
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RE: Are you seeing a shift in investors preference in terms of mandate due to COVID-19 and economic impacts?
Yes absolutely. The best know how to pivot. I’d say there are three major trends.
There is a greater need than ever before for stability. Multifamily. Grocery. And Industrial continue to prove themselves to be COVID-19 proof.
People want deals; but can’t find them. I was one of those people who immediately pivoted my business in COVID-19. Targeted receiverships. Currently working on 3 deals like that. However, the reality is, it’s not the gold rush people were thinking of.
Debt is cheap. And I don’t think people realize that. A lot of private players are chasing 20% returns. However, the reality is that there is too much money out there. And some groups have access to it. -
RE: How has the COVID-19 impact the Canada real estate market at large, especially in Toronto and Vancouver?
Definitely has. In March & April, there was a distinct lack of transactions happening. All pens left the table. Everyone was trying to understand the implications on their real estate.
First off, hats off to the government. In my mind they have had fantastic leadership through this. Federally, provincially and municipally. They really did a great job preserving stability. However, since then things have definitely begun a return to normalcy. There is a general sentiment among everyone here to get back to business. Generally speaking, most real estate has survived unscathed. However, there have been some shakeups.
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RE: What is it like to live in Vancouver? Where are the up-and-coming areas to invest in real estate?
Definitely anything on rapid transit. This includes future expansions including Broadway & Surrey / Langley.
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RE: Are properties in Toronto and/or Greater Toronto Area too expensive now?
Residential is definitely at an all-time high. Commercial properties still offer good yield in comparison.
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RE: Why are the houses in Vancouver (Canada) expensive?
Vancouver has a very unique geography that constrains the availability of develop able land (mountains to the north, water to the west, USA border to the south, farmland to the east). Most North American cities can expand in every cardinal direction to create more houses.