Blog

Summary : British Columbia is facing a critical housing shortage, driven by a gap between construction and population growth. A major barrier is the lack of skilled tradespeople to build the needed housing supply. In this blog post, we explore the challenges surrounding trades education, funding, and workforce development, and provide actionable recommendations to help overcome these barriers and meet BC's housing goals.

The October 2024 commercial debt market is experiencing changes in key economic indicators, such as bond yields and interest rates. Government of Canada bond yields are affecting borrowing costs for commercial real estate, making financing more challenging. Inflation rates in Canada (2.00%) and the US (2.50%) are driving up lending rates. Commercial mortgage rates and Loan-to-Value guidelines are crucial for financing decisions. Lender spreads vary depending on borrower type, impacting leverage options. Staying informed on these trends is essential for making smart investment decisions in commercial real estate.

Starting a daycare in the Lower Mainland is challenging due to high demand, strict zoning, and lengthy permit processes, making suitable locations scarce. Turnkey daycare facilities offer a solution but come at a high cost and still require leasing. Success depends on both meeting stringent standards and fostering community relationships. Despite the complexities, opening a daycare can be rewarding and essential for supporting working families. Reach out to us for expert help in leasing, buying, or selling daycare facilities.

Buying an existing business can be a great way to build wealth in Canada. It offers immediate cash flow, an established brand, and reduced risk with proven systems. You benefit from existing customers and staff, making it easier to grow and expand. Financing is also more accessible, especially with the support of the Business Development Bank of Canada (BDC). This path provides a solid foundation to achieve financial success without starting from scratch.