Inflation and its effects on all aspects of our lives has likely been the largest single story of the year.  Higher interest rates, rising grocery prices and increasing energy costs have all been highly publicized examples of the fact that there is increasingly less and less money in the hands of Canadians.  Interestingly, one item that’s not talked about is how inflation affects your tax bill, and perhaps the lack of discussion could be because it doesn’t actually change.  Your tax bill is essentially a fixed expense where the government wants their portion no matter what, yet you have less money in your pocket to pay for it.  If that doesn’t seem particularly fair in your mind, we agree with you and we’d love to talk to you more about our tax-advantaged real estate offerings!

Our current offering combines the same tax advantages as previous offerings from our group with an established buy and hold real estate strategy that we have utilized for the last 42 years.  This property is the Millennium III Group of Companies’ 53rd commercial real estate project in our home province of Saskatchewan.  With continued demand for our resources, a growing sustainable energy sector and new investment in innovation, technology and research, we have been a leading economic engine in Canada in 2022 and 2023!  The strength and diversity of Saskatchewan’s economy will provide the basis for growth for many years to come.  Millennium III believes our investment model is an excellent way for our partners to capitalize on this growth.

Rochdale Centre is situated in the Lakewood neighbourhood of Regina, SK on Rochdale Boulevard, a major east/west thoroughfare in northwest Regina.  Rochdale Boulevard is a retail corridor that currently has one of the city’s lowest vacancy rates for a major district at 1.35%!  With a citywide vacancy rate of only 3.75%, the retail sector in Regina is a strong landlord’s market, and this area is even stronger.  The property is 100% occupied with a combination of retail and fast food uses anchored by KFC.  The mall is located in close proximity to two high schools in the area and has a high quality residential base surrounding it.

There are only 97 investment units available in the offering.  As the yearend draws closer this is a great opportunity to reduce your 2023 tax bill.  Please feel free to get in touch with us with any questions you may have or to reserve your investment.