Life on the Shore - Winter 2015
  
Merry Christmas & Happy Holidays to everyone and wish you a very prosperous New Year!
See you all in the new year!
New Prime Minster, BOC Rates Steady, Dollar is Down - Now What?
Here is Business in Vancouver's take on the recent federal election.
The electorate voted for change, and this is some analysis of the proposed changes according to the Liberal Platform.
The mortgage industry has always adapted to rate changes, how it will affect Real Estate values is undetermined. There is probably some good news for many and less good news for others in these proposed policy changes.
Here is the link.
Commercial Mortgage Vs Paying Rent for Commercial Space
If you have a business and are renting out a commerical space, why not own it?
Short run, the math may hurt cash flows and will require a 15% to 25% downpayment to make it happen.
Long run, with a 10 to 20 year outlook, you would have paid down a large part of your mortgage and most likely the value of your property went up.
On top of that, if you plan to sell the business, you can sell it and have the new owners of that business pay you rent for the property you own.
A few years ago, rates were in the 5% to 6% range. Today, it's possible to get it done in the low 3%'s.
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