Simplex Mortgage Group

Understanding your options quickly when business is taking a downturn is critical. Pending tax bills that will be coming due, other higher rate credit, high payment equipment loans can all be consolidated if you have equity in your commercial property. Doing it sooner increases the number of lenders, and your options in getting the financing. Once you start missing payments, have outstanding CRA balances it becomes increasingly difficult. If you are feeling like business is getting tighter, it's time to make the call to see what options are available today. If you need help understanding your options, please reach out to me to discuss.

If you're looking for financing on a commercial property, there are options available. Whether you need higher leverage, more flexibility, or quick financing, there are multiple lenders I can access for any of your commercial financing needs.

With inflation stabilized and moving towards the Bank of Canada targets, Interest Rates have been dropping the last 3 months and now sit at their lowest since May 2023. If you've been looking into refinancing your commercial property, or looking to start construction, it may be worth looking into. Need help? Reach out and we can find the financing your business or project needs.

Good news for a change. Also looking at Bond Yields we're seeing lower long term rates than short term indicating that the markets expect more stability in the 3-5 year range. Maybe sooner now if these reports continue

Odds of Bank of Canada hiking 75 basis points in September just went down

As a Realtor, your time is precious and any transaction that is cancelled costs you time. If you have clients that need help getting their commercial financing closed, it's time to contact me.

https://commercialmoney.ca/news-and-info/f/realtors-are-your-clients-qualified

I find this interesting that they continue to push the interest rate hikes due to inflation, yet do nothing to help curb the factors that are causing inflation in the first place.

Bank of Canada hikes key interest rate by full percentage point OTTAWA — The Bank of Canada raised its key interest rate by a full percentage point on Wednesday, marking the largest single rate hike since August 1998.

Even a month later, we're still seeing significant activity, many businesses are looking at ownership vs leasing despite rising interest rates. Based on the conversations with businesses I've had, they are concerned with interest rates but many businesses are more concerned about what happens when their lease is up for renewal. They could spend significant capital in their business and hten be faced with rental increases in the near future as well. Those that need light industrial space are having a tough time finding the right space for their business as many of those companies are busier than ever and need to grow, expand, re-work their business processes to keep up. Due to those factors they're deciding more and more to spend the money on their own space.

We are in an interesting time where some of the old metrics no longer make sense. If you've been thinking about your options for financing, now is the time to talk to me.

Commercial property demand sky-high: report Asset classes are evergreen investments amid a turbulent global financial system, new analysis says

Some good news? Possibly. However we're still in recovery mode and many of the businesses that currently hold office space are still figuring out what they will do moving forward with staffing and requirements of coming to an office. As those discussions move forward we will see if this continues or if other major tenants drop excess space in the near future which could increase vacancy rates again. Time will only tell.

Office vacancies drop for the first time in years in Calgary’s downtown core - Calgary | Globalnews.ca There is some hope on the horizon for Calgary's struggling downtown office vacancy rate as it sees a small decrease in the first part of 2022.

Wishing you all a healthy and prosperous 2022.

Construction Financing, 100% of cost + 50 year amortization Construction financing is becoming more flexible and more advantageous to communities with a need for more residential rental units. Hig...