Commercial market: What’s in store for 2023? Brokers need to focus on some key trends, says commercial veteran – and communication will be essential Recent years have meant eventful times for Canada’s commercial mortgage market – and with some turbulence likely ahead in 2023, there’s plenty for brokers in the space to keep top of mind, according to a veteran …
Lenders hitting pause on some construction financing in high-rate environment Trend is likely to be temporary, commercial executive says, as market adjusts Construction projects are increasingly being shelved in Canada’s commercial space as higher borrowing rates and economic uncertainty continue to grip the market, according to a leading figure in the sector. Michel Durand (pictured), president and CEO of MCommercial, …
Commercial sector: Veteran shares what brokers need to focus on CEO on how brokers should be advising clients in the commercial space Throughout the trials and tribulations of 2022 in the mortgage space, the commercial realm has also seen a changing landscape with interest rates and borrowing costs on the rise. That’s not to say that opportunity doesn’t remain. One …
Rising interest rates are giving many pause for thought in the commercial space The rising-interest-rate environment that has gripped Canada in 2022 is having a significant impact on the country’s commercial financing market, with a noted shift seeing builders gravitate away from purpose-built apartment projects and towards condo construction. That’s according to MCommercial CEO and founder Michel Durand (pictured), who …
How are worst-hit commercial asset classes recovering from the pandemic? Some green shoots are appearing, although difficult times are likely still ahead. They were two of the commercial asset classes that were most badly pummelled during the COVID-19 pandemis – but with public health measures slowly easing across Canada, much attention will now turn to …
A COMMERCIAL MINDSET Michel Durand founder and CEO of MCommercial reflects on the career that’s helped him become one of the commercial mortgage sector’s leading lights. For Michel Durand, commercial mortgage brokering isn’t just something you can dip your toes into. It’s a full-time commitment – a pursuit that requires the utmost dedication, devotion and professionalism in order to find …
MICHEL DURAND / PRESIDENT AND PRINCIPAL BROKER / MORTGAGE ALLIANCE COMMERCIAL What do brokers need to do to succeed in the commercial market? Michel Durand: There are no secrets here, and it’s no different than what it takes to succeed in any market or industry. First, surround yourself with the best professionals to help you accomplish your objective – I …
Commercial sector to become more valuable after COVID-19 – CBRE Acquisition of expansive properties has fallen to the wayside, but commercial real estate is poised to become an even more desirable choice for investment after the coronavirus pandemic, according to CBRE. This will be particularly apparent in Toronto, CBRE’s recently released “Q1 2020 Canadian Cap Rates & Investment Insights” document reported. …
Former niche CRE investment is now big business Commercial real estate is frequently influenced by changes in the wider business world and one big change is driving interest in a formerly niche asset class. Data centres are now a cornerstone of business and $100 billion has flowed into the asset class in the last decade according to a new report from Cushman …
The Top 5 Commercial Real Estate Trends of 2019 – CBRE It’s safe to say that 2019 marked the end of an unprecedented decade for Canadian commercial real estate. Backed by strong fundamentals, transaction volumes reached a 15-year high of $49.3 billion in 2018, as cap rates compressed to 10-year lows. While most property types have performed well, industrial has …
