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.

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

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.