Commercial sector: Veteran shares what brokers need to focus on

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 …

Why some builders are getting cold feet on apartment construction

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 pandemic?

  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 …

”Industry Icon” named by the CMP Magazine

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 …

How Commercial Brokers can Distinguish Themselves in the Industry

Michel Durand Founder and CEO MCommercial Michel Durand oversees an organization whose agents specialize in negotiating and securing commercial mortgages specific to different asset classes, with loans that are generally $5 million or more. He says that puts an extra onus on each agent to master the asset class they’re working on and steer the deal over the finish line. …

Commercial Mortgage Commentary – CMLS Mortgage Analytics Group

Making News Overnight Rate In late October, the Bank of Canada (“BOC”) announced the third 25 bps rate hike this year, which brought the overnight target rate to 1.75%. The increase comes after continued strength in economic figures and the negotiation of the “new NAFTA” trade deal with Mexico and the U.S. This pushed the prime rate of major Canadian …

$70.8 million affordable housing investment for Ottawa

Middle-class families in Ottawa will benefit from 243 new rental units being built in the city with an investment from the federal government. Two projects will be financed through the CMHC’s Rental Construction Financing initiative including $70.8 million for the construction of a twenty-seven storey building with 227 rental housing units. More than 200 will have rents lower than 30% …