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 …
But synergy between the two sides is sorely lacking in the real estate industry, experts say. Residential real estate professionals may be leaving money on the table by neglecting to send referrals to commercial practitioners. But agents on both sides of the business should partner with each other to expand their clientele and improve their bottom lines, a panel of brokers …
State of the Commercial Retail Market with Keith Watters Keith Watters has been in the commercial mortgage business for many years. As an experienced agent, he is a great asset to the Mortgage Alliance Commercial team. Over the years Keith has been faced with almost every challenge possible when helping clients obtain financing. As a mortgage broker, he gets to see …
Lenders Have Become Less Conservative Interest rates are yet again at an all-time low, with credit unions like Meridian offering residential mortgage rates of as low as 1.49 per cent. Rates are even more attractive on the commercial side of mortgages. We can officially say the spring market is underway. In a recent interview with the Canadian Mortgage Professionals (CMP), …
A Beacon Shines in the Commercial Mortgage Brokerage Industry We are proud to announce that our very own Michel Durand has been nominated once again this year as the Best Commercial Mortgage Broker of the Year!! Michel, is the President and principal broker of Mortgage Alliance Commercial Canada (MACC), as well as Co-Founder of Multi-Prêts Commercial (MPC). Both entities service …
