index

CENTRE D'AFFAIRES DES GALERIES
LEBOURGNEUF, QUÉBEC

CDG BIENVENUE / GREETINGS

Office condo news:

20 Juillet, 2010
La Banque du Canada releve son taux
cible à 0.75% / Bank of Canada
raises overnight rate to 0.75%

June 23, 2010 The Federal Open
Market Committee decided today to
maintain the federal funds target rate at
0% to 0.25%

''Quebec City among the most
affordable in the world…''
Cushman&Wakefield, Royal Lepage
(office rental rates)
05/01/2009 NY1.com By: Jill Scott
Experts Say Owning Office Space Has Perks
Real estate experts say buying office space
as opposed to renting may be a good
investment for some in these economic
times.
.. it seems to be a growing trend, especially
now that prices have dipped from last year.
Neil Wexler owns office space for his
engineering firm in Midtown. He says it was
much more cost effective for him to buy than
to rent.
"We needed to invest money in computer
cabling and stations and lighting and
telephones and things of that nature which
require a very high up-front cost,"
The concept is best for businesses that
have large capital improvements up front,
like a doctor's office. Experts say to invest
that money in a rental could leave you
vulnerable, as the landlord knows you are
not so quick to move and could get you on a
rental increase.
Robert Freedman of FirstService Williams
says now is a good time to invest in office
sales because it's relatively easy to get
financing.
"Office condominiums are more readily
financeable because, in effect, you are
leasing it back from yourself, so the banks
know there is no lease uprisk, with respect
to the commercial unit, and you can obtain
more favorable terms and conditions,"
Freedman says.
Another benefit to owning your office space
is that you also have control...
Wexler says the tenants in his building just
worked together to bring their monthly costs
down, something he couldn't do in a rental.
And, he says he finds that this commitment
has offered him a sense of stability, even in
these unstable times.

Western Investor August 2008 ''In the first
five months of this year, Calgary's housing
sales plunged 34%...commercial real estate
market is a sharp contrast...the office
condominiuim... sales volume was up
143%...even parking stalls have seen a
huge spike in value...when we started we
were selling parking stalls at $25000. now
they are $55000. by mid May of this year
$44.9 million worth of office condominiums
had sold in Calgary... Financing condo-office
space is fairly simple for owner-occupiers...
Lending is available for up to 90% of value
through the Business Development Bank.''

Sept. 24, 2007 www.nuwireinvestor.com
''Office condo projects are cropping up in
large cities and suburbs across the U.S., in
markets as varied as Phoenix, Seattle, New
York City, Miami and Austin, Texas ..
Demand...is spiking due to interest from
buyers who want to purchase commercial
real estate for investment purposes but can't
afford entire buildings...The market of office
condo buyers consists of both owner
occupants and investors.''

BOMA 2007 'Visez Vert reconnaît
l’engagement des propriétaires et
administrateurs immobiliers envers
l’environnement selon dix critères, dont
l’efficacité énergétique, la consommation
d’eau et le recyclage.

info@cdgque.com

Parc corporatif de bureaux en copropriété
/Office-condominium corporate park

'Owning is often cheaper than leasing,
offers tremendous tax advantages, is an
investment that appreciates in value...'
Business Journal

‘Être propriétaire est souvent moins dispendieux que d’être locataire, offre des avantages
fiscaux très considérables, et constitue un investissement en croissance..’Business Journal

Soyez propriétaire de votre bureau pour le prix d’un loyer!
418-932-8494 / 418-656-1548

5550 Boul. Des Galeries,
Lebourgneuf, Québec (QC)
Canada, G2K 0A1

taux d'inoccupation
/office vacancy rate
%   (2009/juin-june)
Vancouver         5.0-9.1
Calgary              7.8-11.8
Toronto              7.6-11.1
Ottawa               2.7-10.2
Montreal            7.3-10.5
Canada              6.9-10.4

QUÉBEC VILLE /CITY
           (2009)
2.6-5.2%

CDG

galeries
de la
capitale

''To borrow a phrase from the manufacturing industry, the
Quebec City office...market is performing at full
capacity....the hottest commercial real estate market east of
Alberta! / Pour emprunter une phrase à l'industrie
manufacturière, le marché...de bureaux à Québec performe
presque à pleine capacité.''
Espace Quebec vol.12,1 2006

'The CPP Investment Board announced Wednesday, December 7, 2005 the purchase of two major shopping centres in Quebec,
the Galeries de la Capitale in Quebec City and Carrefour de L'Estrie in Sherbrooke. (CCNMATTHEWS) L'Office d'investissement
du RPC a annoncé ...l'acquisition de deux grands centres commerciaux au Québec, soit les Galeries de la Capitale, à Québec,
et le Carrefour de l'Estrie, à Sherbrooke.''...for a total of $820million. The CPP Investment Board invests funds not yet needed by
the Canada Pension Plan, which supports the pensions of 16 million Canadians.