Buy commercial property with the numbers checked first.

What should I check before buying a plaza or industrial building?

The rent roll and leases, tenant arrears, zoning and permitted uses, building condition, environmental history (usually a Phase I environmental site assessment), property taxes and operating costs. I review the numbers before you make an offer.

How much down payment do I need?

Commercial lenders usually want a larger down payment than for a home, often 25% or more, depending on the property, the tenants and your experience. Talk to a commercial lender or broker early.

Is there HST on a commercial property purchase?

Usually yes, but if you are registered for HST the purchaser typically self-assesses it instead of paying the seller. Confirm with your accountant and lawyer before you sign.

Is land transfer tax charged?

Yes. Ontario land transfer tax applies to commercial purchases too, and Toronto adds its own municipal land transfer tax.

Can you find off-market properties?

Yes. Many commercial owners prefer to sell quietly. Tell me your criteria and I will approach owners that fit.

Guides: GTA mall and plaza redevelopments · Commercial rent and TMI · GTA developments · Small business financing