January 2025

Purchasing a commercial property for the first time can feel overwhelming. The terminology might be unfamiliar, and the tasks required for thorough due diligence (DD) may seem extensive. This article aims to outline key aspects of the due diligence process, offering a comprehensive overview rather than a strict to-do checklist. Every property is unique, and your intended use will heavily influence what needs to be validated during the due diligence process. We will discuss Survey, Environmental Site Assessment, Record of Site Condition, Site Plan Approval, Minor Variance, Conservation Authorities and Heritage.