Buying commercial real estate is one of the most important decisions you will make. This infographic offers 6 steps to help you plan your purchase. We are Canada’s business development bank and the only financial institution dedicated exclusively to entrepreneurs. Our mission is to help create and develop strong Canadian businesses through financing, consulting services and securitization, with a focus on small and medium-sized enterprises.

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go to bdc.ca/realestate
The only bank devoted exclusively to entrepreneurs
Plan for All Costs
Uncover hidden costs by asking for full quote
details from contractors
Budget for an adaptation period when staff
productivity may fall
Cover extra costs with a contingency fund
representing 5% to 10% of overall costs
➄
➀Assess your Needs
Weigh the pros and cons of buying vs. leasing
How will your company evolve?
What are your space, power supply and parking needs?
➂Line Up Your Financing
Work with an accountant for budget
and cash flow projections
Involve your banker from the beginning
Don’t try to win favour with optimistic
forecast you can’t deliver on
6Steps
to Plan your Commercial
Real Estate Purchase
Expand your business horizons
➁Assemble a Team of Advisors
Select trusted advisors with experience
in real estate
Give advisors clear tasks and deadlines,
then follow up with them regularly
Choose a realtor specialized in your sector
Find the Right Location
Ensure the location fits all your needs:
access to services, customer convenience,
staff accessibility, etc.
Check your activity meets zoning,
environmental and municipal regulations
Make sure you have room to expand in case
of future growth
➃
➅Due Diligence
Get a building condition assessment (BCA)
and an environmental site assessment (ESA)
Research the building’s insurance policies
and history for any liens or obligations
Take 30 days to perform your due diligence