tag:blogger.com,1999:blog-6952799429463687222011-07-30T20:52:46.461-07:00Commercial Real Estate and Mortgage FinancingNAI Commercial (Victoria) Inc.http://www.blogger.com/profile/04084502461331004057noreply@blogger.comBlogger101100tag:blogger.com,1999:blog-695279942946368722.post-1090757601829771602010-10-28T16:25:00.000-07:002010-10-28T17:38:30.557-07:00

The Commercial Leasing market in Greater Victoria appears stable with a return to a more normalized market following the run up in 2007-2009 and subsequent slowdown through the last half of 2009 into 2010. The following observations have been noted:- Vacancy rates in all sectors have increased to a more healthy level. - Lease rates have decreased somewhat in sympathy to both the increased

NAI Commercial (Victoria) Inc.http://www.blogger.com/profile/04084502461331004057noreply@blogger.comtag:blogger.com,1999:blog-695279942946368722.post-61583022997270984002010-09-10T15:45:00.000-07:002010-09-10T17:51:09.753-07:00

The Bank of Canada raised their benchmark rate another .25% to 3.00% which in my opinion will likely be the last increase for a while. Although there are small "Statistical" signs of increasing economic activity, the real world seems to be doing everything it can just to hang on. Most measures relating to the United States are still quite problematic as the underlying reason for their situation

NAI Commercial (Victoria) Inc.http://www.blogger.com/profile/04084502461331004057noreply@blogger.comtag:blogger.com,1999:blog-695279942946368722.post-45838187128305139862010-04-09T15:29:00.000-07:002010-04-09T17:11:49.656-07:00

One of the most frequently asked questions I receive from Real Estate investors regarding interest rates is, "do I lock in a rate or ride the variable rate". Not a simple answer.It goes without saying the individual property and the owner's financial situation are critical components and have a significant impact on the final decision, however, my intention with this posting is more a general

NAI Commercial (Victoria) Inc.http://www.blogger.com/profile/04084502461331004057noreply@blogger.comtag:blogger.com,1999:blog-695279942946368722.post-30361020654392345792010-02-20T15:05:00.000-08:002010-02-20T15:17:46.629-08:00

Well, the new rules introduced last week shouldn't have a significant impact on the "Primary Residence" residential market, however, small revenue properties (under 5 units) are much more at risk now due to the 80% Loan to Value cap for a CMHC insured mortgage. This combined with a rising interest rate environment at some point in the next 2 years points directly to an increase in Capitalization

NAI Commercial (Victoria) Inc.http://www.blogger.com/profile/04084502461331004057noreply@blogger.comtag:blogger.com,1999:blog-695279942946368722.post-39958902035464783202010-01-08T10:25:00.000-08:002010-01-08T10:29:26.861-08:00

FYI...the labour market is likely going to be the key to when interest rates can begin to rise...pretty sobering numbers below out of the US...Important to note the number of people who have given up looking for work, they're unemployed, but do not count in the official unemployment number...U.S. economy sheds 85,000 jobsLast Updated: Friday, January 8, 2010 | 10:34 AM ET CBC News Non-farm

NAI Commercial (Victoria) Inc.http://www.blogger.com/profile/04084502461331004057noreply@blogger.comtag:blogger.com,1999:blog-695279942946368722.post-3163437383933746942009-12-10T14:56:00.000-08:002009-12-10T15:10:59.517-08:00

Sunny and cold in Victoria today, feels like snow is on the way...Quick update on interest rates... B of C held steady earlier this week and with most signs pointing to a sluggish "Possible" recovery in the US and the strength in the Canadian Dollar the most likely scenario for interest rates in Canada is "Status Quo" for the foreseeable future. This implies the best mortgage strategy continues

NAI Commercial (Victoria) Inc.http://www.blogger.com/profile/04084502461331004057noreply@blogger.comtag:blogger.com,1999:blog-695279942946368722.post-45770135819409656292009-12-03T12:16:00.000-08:002009-12-04T10:29:37.467-08:00

I wrote this simple article for the Real Estate Board Briefs, fairly surface but might steer you in the right direction none the less. I can be contacted at david@naicommercial.ca if you have any questions...Commercial Property Financing for Business Ownersby David Brumby, NAI Commercial (Victoria) Inc. and member of the Commercial DivisionMany of us have clients who own their own business and

NAI Commercial (Victoria) Inc.http://www.blogger.com/profile/04084502461331004057noreply@blogger.comtag:blogger.com,1999:blog-695279942946368722.post-76530493023103595002009-12-03T12:01:00.000-08:002009-12-04T10:27:46.418-08:00

Hello again, suns shining here in Victoria although a touch cold at 3 degrees celcius...good excuse to pick up a fedora and scarff...Notable interest rate action the past few weeks. The 5yr and 10yr bond yeilds have been falling since hitting recent highs October 15th of 2.88% and 3.55% respectively. Yesterdays close for the 5yr was 2.39% and 3.55% for the 10yr, both rates are falling again

NAI Commercial (Victoria) Inc.http://www.blogger.com/profile/04084502461331004057noreply@blogger.comtag:blogger.com,1999:blog-695279942946368722.post-70746624756251966082009-09-30T14:22:00.000-07:002009-09-30T14:32:19.092-07:00

Just a quick note, interest rates seem to be continuing to fall. As of this posting, the best 5 year fixed residential rate I've seen is 3.65%...Commercial 5 year rates are hovering around 5.50% - 5.65% depending on the institution...Pretty nice fall day here in Victoria BC, I hope they keep coming since I've let the summer slip away from me....Cheers

NAI Commercial (Victoria) Inc.http://www.blogger.com/profile/04084502461331004057noreply@blogger.comtag:blogger.com,1999:blog-695279942946368722.post-24923801881609860722009-09-17T16:27:00.000-07:002009-09-17T16:28:21.068-07:00

One of the most important aspects of purchasing commercial property, more so now than ever, is the ability of the Purchaser to secure mortgage financing. With the development and spread of the “Credit Crisis” over the past 18 months, several challenges have emerged, or re-emerged depending on how far back in time you go.One of the most significant developments in the commercial financing world

NAI Commercial (Victoria) Inc.http://www.blogger.com/profile/04084502461331004057noreply@blogger.com