![\"ClowHeadshot\"](\"https:\/\/i0.wp.com\/traceyarial.com\/blog\/wp-content\/uploads\/DonClow.jpg\")
<\/a>Atlantic Canada mid-markets also tend to be low risk, he says. \u201cYou have a high level of government and education, an established private sector and a growing portion of new private sector development that operates with technology that could be located anywhere in the world. They choose to be in Atlantic Canada because of the quality of life.\u201d<\/p>\nClow has also found that mid-sized markets in Ontario, such as Brampton, Burlington, London Ottawa, St. Catharines and Windsor are proving just as solid, as are mid-markets out west, such as Lethbridge.<\/p>\n
Even cities that aren\u2019t growing quickly are worth looking at, says Clow, because they tend to be more resilient than larger markets, especially during financial crises. Leases tend to last for very long periods, especially when tenants are grocery or drug stores.<\/p>\n
The grocers have done their homework, the drug stores have done their homework and they want to be in these locations for a 20, 30, 40, 50 year period. They\u2019re very stable.\u201d<\/span><\/p><\/blockquote>\n
Land value doesn\u2019t increase in mid-markets as fast as it might elsewhere, but the risk is lower.<\/p>\n
\u201cThe cost of debt in these smaller markets is no higher than it is in the top six markets in the country, but the cap rates are clearly higher and as a result, you end up with a wider spread between your cap rate and your mortgage costs and you end up with a higher level of accretion,\u201d says Clow.<\/p>\n
Note: This article appeared on p36 of\u00a0Canada’s Leading Real Estate Forum, Toronto, Winter 2012.<\/p>\n","protected":false},"excerpt":{"rendered":"
The top five midmarket cities in Atlantic Canada show growth rates above the national average, says Don Clow, president and CEO of Crombie REIT, the company that owns St. John\u2019s largest shopping centre and other commercial properties across Canada. Atlantic Canada mid-markets also tend to be low risk, he says. \u201cYou have a high level […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_wp_convertkit_post_meta":{"form":"-1","landing_page":"0","tag":"0","restrict_content":"0"},"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[30],"tags":[],"class_list":["post-1864","post","type-post","status-publish","format-standard","hentry","category-canada","post-wrapper","thrv_wrapper"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p2buQs-u4","jetpack-related-posts":[{"id":1868,"url":"https:\/\/traceyarial.com\/blog\/en\/saskatoon-high-performing-market\/","url_meta":{"origin":1864,"position":0},"title":"Saskatoon\u2019s High-Performing Market","author":"Tracey Arial","date":"November 29, 2012","format":false,"excerpt":"Our construction costs are still 20 or 30% higher for an identically-spec\u2019d building in Vancouver or Toronto,\u201d says Saskatoon developer Midmarket cities in western Canada have economies that are outperforming those in the major metro markets in the country, and that\u2019s leading to increased demand across all asset classes. We\u2019re\u2026","rel":"","context":"In "Canada"","block_context":{"text":"Canada","link":"https:\/\/traceyarial.com\/blog\/en\/category\/canada\/"},"img":{"alt_text":"Dub\u00e9 headshot","src":"https:\/\/i0.wp.com\/traceyarial.com\/blog\/wp-content\/uploads\/DavidDube1.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1882,"url":"https:\/\/traceyarial.com\/blog\/en\/mid-size-market-opportunities\/","url_meta":{"origin":1864,"position":1},"title":"Mid-size Market Opportunities via growth, creativity and services","author":"Tracey Arial","date":"November 29, 2012","format":false,"excerpt":"Many of the assets in our market have potential to add more density, as planners become more open to the infilling concept says Manitoban real estate expert Mid-size markets in the west are growing briskly, says Sandy Shindleman, president of Shindico Group, a commercial-based real estate investor based in Winnipeg.\u2026","rel":"","context":"In "Canada"","block_context":{"text":"Canada","link":"https:\/\/traceyarial.com\/blog\/en\/category\/canada\/"},"img":{"alt_text":"Shindleman headshot","src":"https:\/\/i0.wp.com\/traceyarial.com\/blog\/wp-content\/uploads\/Shindleman.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1858,"url":"https:\/\/traceyarial.com\/blog\/en\/european-development\/","url_meta":{"origin":1864,"position":2},"title":"European Development Projects Equity-Hungry","author":"Tracey Arial","date":"November 29, 2012","format":false,"excerpt":"\u201cIt\u2019s a good time for Canadians who are looking to diversify out of Canada,\u201d says international real estate advisor Investors started the year holding on to cash, out of fear about how the European financial crisis might unfold. They are beginning to spend again now, but at significantly lower levels\u2026","rel":"","context":"In "International"","block_context":{"text":"International","link":"https:\/\/traceyarial.com\/blog\/en\/category\/international\/"},"img":{"alt_text":"Olsen headshot","src":"https:\/\/i0.wp.com\/traceyarial.com\/blog\/wp-content\/uploads\/Olsen.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1940,"url":"https:\/\/traceyarial.com\/blog\/en\/rollinstanle\/","url_meta":{"origin":1864,"position":3},"title":"Calgary Risks Becoming Too Expensive","author":"Tracey Arial","date":"October 29, 2012","format":false,"excerpt":"Growth based on nodes and corridors, diverse product and creative financing are key to avoiding that fate, says Calgary's new city planner Rollin Stanley The greatest challenge in growing cities is finding a way to increase population and improve infrastructure without becoming so costly that people can\u2019t afford to live\u2026","rel":"","context":"In "Canada"","block_context":{"text":"Canada","link":"https:\/\/traceyarial.com\/blog\/en\/category\/canada\/"},"img":{"alt_text":"RollinStanley","src":"https:\/\/i0.wp.com\/traceyarial.com\/blog\/wp-content\/uploads\/RollinStanley.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1999,"url":"https:\/\/traceyarial.com\/blog\/en\/legends-calgary-real-estate\/","url_meta":{"origin":1864,"position":4},"title":"Legendary Success in Real Estate Investment","author":"Tracey Arial","date":"October 30, 2012","format":false,"excerpt":"Real Estate Experience Helps When Negotiating Trends, Risks and Opportunities in Calgary What does it take to build success over time in the Calgary market? 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The fundamentals are very good in Edmonton, in terms of industrial, retail, and\u2026","rel":"","context":"In "Canada"","block_context":{"text":"Canada","link":"https:\/\/traceyarial.com\/blog\/en\/category\/canada\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/posts\/1864","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/comments?post=1864"}],"version-history":[{"count":2,"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/posts\/1864\/revisions"}],"predecessor-version":[{"id":1867,"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/posts\/1864\/revisions\/1867"}],"wp:attachment":[{"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/media?parent=1864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/categories?post=1864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/tags?post=1864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}