Renegotiating Your Retail Space Lease

Renegotiating Your Retail Space Lease

Whether you’re a small retailer selling hand-made products in a tiny shop or a larger one looking to take your business to the next level, the annual rent for your retail space will be one of your most significant business expenses. If, like many entrepreneurs, you signed your landlord’s cookie-cutter triple net ease without asking […]

Should borrowers expect interest rates to stay higher for longer?

Should borrowers expect interest rates to stay higher for longer?

“In addition, more than 60% of the mortgage loans in Quebec’s multi-unit and commercial real estate portfolio will mature in 2024/25. Several clients will renew their mortgage loan and will experience a significant increase which most certainly will cause a financial deficit for several buildings.” That backdrop could result in more sales and a possible […]

Value of Canadian farmland rises 11.5% in 2023: report

Value of Canadian farmland rises 11.5% in 2023: report

Houses for sale in Ottawa The value of Canadian farmland rose 11.5% in 2023, a new report by agriculture lending firm Farm Credit Canada has found.  Chief economist J.P. Gervais said while that’s a slight slowdown from the growth in 2022, it’s still a rapid pace given cooling economic conditions overall. “Farmland prices have continued […]

Is it time for Canada to embrace the 30-year mortgage?

Is it time for Canada to embrace the 30-year mortgage?

Breadcrumb Trail Links Real Estate Mortgages Canada caps insured mortgages at 25-year amortizations, but some want them to go longer to help with affordability issues Published Mar 14, 2024  •  Last updated 2 days ago  •  3 minute read With housing affordability at crisis levels, some say it might finally be time for Canada to embrace […]

Renters have harder time accumulating wealth than homeowners: RBC economist

Renters have harder time accumulating wealth than homeowners: RBC economist

Houses for sale in Ottawa Renters face daunting barriers in their attempts to build wealth as they’re forced to devote an increasing share of their income to keeping a roof over their head, said an RBC report out Thursday. The report by economist Carrie Freestone adds to a growing body of research painting a stark […]

February housing starts increased 14% from January: Canada Mortgage and Housing Corp

February housing starts increased 14% from January: Canada Mortgage and Housing Corp

Houses for sale in Ottawa The pace of home construction rose in February as builders started on more apartments and condos, but the industry continues to struggle under cost pressures. Canada Mortgage and Housing Corp. said Friday that housing starts jumped 14 per cent to 253,468 in February from a month earlier on a seasonally […]

Looking for an Affordable Housing Market? Spotlight on Brandon Real Estate

Looking for an Affordable Housing Market? Spotlight on Brandon Real Estate

The Prairies continue to offer Canadian homebuyers something they have been craving for a long time: Housing affordability. The Saskatchewan and Manitoba real estate markets are still enjoying low-priced residential properties, especially compared to other places in the Canadian housing industry. In Manitoba, for example, the average sales price for a home in November was […]

C+: Employers given ‘less favourable’ score on LGBTQ+ inclusion efforts

C+: Employers given ‘less favourable’ score on LGBTQ+ inclusion efforts

“In addition, while survey respondents from every other generation gave their employer a grade of B for LGBTQ+ inclusion efforts, the average grade given by Gen Z participants was less favourable, a C+,” the report read. Ratings indicate intent to stay Among those who rated their workplace experiences poorly, only 38% said they are likely […]

OSFI urges lenders to be vigilant amid “heightened risk” in the mortgage market

OSFI urges lenders to be vigilant amid “heightened risk” in the mortgage market

Houses for sale in Ottawa In response to increased risks in the mortgage market, Canada’s banking regulator has issued a reminder to lenders about their risk management responsibilities. The Office of the Superintendent of Financial Institutions (OSFI) this week released a regulatory notice reminding federally regulated lenders of their obligations pertaining to mortgage risk management […]