It was a busy summer at Garden City Plaza, located at 2211 McPhillips Street in Winnipeg, this year.  There were a multitude of construction projects over a 10-month period including a sewer replacement, parking lot restoration, roof membrane replacement, common area upgrade, and façade redevelopment.

2016 has certainly been an exciting year with the Summer Olympics in Brazil to BREXIT and the U.S. Presidential Elections just being some of the more captivating headlines, some other important events in this great year have been:

What company or business do you admire the most?

Currently, commercial assessed values are determined using the income approach. If a tenant pays higher rent, the property will pay higher taxes. If the property has vacancy, it will pay lower taxes. As rent is a function of sales, a business’s ability to pay rent is correlated to individuals’ disposable income. Ultimately job creation and growth helps drive this disposable income pool.

How has the commercial real estate industry changed over the last 40 years?