In the past few years, there have been numerous changes to the great city of Belleville. Mayor Neil Ellis has taken a proactive approach to building up this city and helping us bridge the gap to get us to that next level. The Mayor has pointed out the all too important fact that we need to invest into the basic needs of our city. Along with correcting the major infrastructure issues, Belleville also ...
Posted by Tom McEvoy
on April 5, 2013
City of Belleville- Façade Improvement Program
General Eligibility Criteria
All proposed improvement projects will be assessed under three main
considerations:
1. Consistencies with these design guidelines and the original architectural design
of the building.
2. The extent to which a project improves the overall appearance of the property
and of adjacent and nearby buildings. ...
Posted by Tom McEvoy
on February 20, 2013
Born and raised in Toronto, Ontario, Tom has been bringing his expertise in residential, commercial and investment real estate for over 6 years. With family and friends in the surrounding Quinte region, Tom has built a reliable and trust worthy relationship with the Belleville community. Tom’s genuine passion for real estate and the Belleville area have made him a trusted and reputable agent. ...
Posted by Tom McEvoy
on January 24, 2013
Within Canada, Ontario’s economic performance has been mixed, with construction of commercial properties overflowing and the housing market maintaining its upward path despite some overvalued markets (GTA).[1] Ontario produces 37% of Canada’s GDP and 38% of Canada’s merchandise exports. [2]
Households have shown increased caution with respect to spending, due to the weakening retail ...
Posted by Tom McEvoy
on December 3, 2012
Canada’s Economic Overview:
After the long recession and the ripple effects that impacted the economy since 2008, Canada’s economic growth in 2012 is not expected to come in below 2% in 8 of 10 provinces and less than 3% in nation leading Alberta and Saskatchewan, TD’s Economic Trends reports.[1] This is due in part to the high levels of risk still associated with Europe and the ...
Posted by Tom McEvoy
on November 28, 2012
Gross income multipliers (GIM) are used to establish a rough estimate of the value of an investment property. Also known as the gross rent multiplier, the GIM is found using the ratio of sale price to gross operating income. The gross operating income reflects the annual rental income collected from all occupied units as well as income from other sources (laundry facilities, charges for parking etc). ...
Posted by Tom McEvoy
on October 23, 2012
Wikipedia defines Niche Marketing as a focused targetable portion (subset) of a market.
I have always had an interest in commercial and investment real estate. I finally decided to carry that interest into my business plan and establish myself as a local expert in that sector. At the moment I made this decision an amazing change occurred in the way that looked at doing business. Prospecting, the ...
Posted by Tom McEvoy
on October 6, 2012
Capitalization, also known as cap, is one of the most common methods to effectively estimate the value of an income producing property. This method is used by investors, lenders and appraisers for various kinds of income producing properties such as; apartment buildings, commercial spaces and multi unit family homes. Two main methods are used to calculate the capitalization rate: direct capitalization ...
Posted by Tom McEvoy
on October 4, 2012
Landlord101: Investment Property Basics
No pets, no smoking
As a landlord, you are allowed to put “No pets” and “No smoking” clauses into your lease agreement. “No pets” clauses in a tenancy agreement are technically void, as is goes against the Residential Tenancies Act in Ontario, and there is little that can be done if a tenant indicates they have no pets, ...
Posted by Tom McEvoy
on October 3, 2012
The Intelligencer W. Brice McVicar,
Thursday, September 27, 2012 7:11:24 EDT PM
First impressions, the adage goes, are lasting ones and no one knows this better than Tom McEvoy.
The local real estate salesman is all too aware of how important the appearance of a building can be for potential investors, whether they plan to buy that building or one in the immediate ...
Posted by Tom McEvoy
on October 2, 2012