Commercial Mortgages and Residential Mortgages: What’s the Difference?
If you’re already a homeowner with a residential mortgage, and are also a business owner looking for a commercial mortgage, you might think the process is going to be exactly like when you got your home loan. But the two do have some differences among them. And being prepared for those differences will help you be better prepared for not only applying for that commercial mortgage, but it will also help you be approved for it!
Read moreBring on 2012, says Canadian Businesses
Prime Minister Stephen Harper made the announcement on Thursday that he’s expecting the world to go into a “full-blown global recession” by 2012. And while that news is usually enough to have any Canadian business owner running for their calculators, and trying to figure out how they can markup prices to account for the loss, Canadian business owners are doing the exact opposite. In fact, most Canadian business owners believe that the year 2012 will be a prosperous one, global recession or not.
Read moreThinking about Moving Your Business to Ottawa? Better Hurry!
The Ottawa real estate market has been one that’s been thriving amongst some slower markets across the country. When compared with cities such as Montreal, Vancouver, and Calgary, Ottawa’s housing market has been able to either steadily maintain itself, or even spurt ahead of the other markets. Now the National Office Trends report, a report conducted by commercial real estate brokers, Cushman & Wakefield, has shown that commercial mortgages are going up, as commercial vacancies go down in the nation’s capital.
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