Below are the main takeaways of Tim’s speech.
When you hear “Doom” this we think of:
Oil & Gas
Falling Canadian Dollar
The sky is not falling and it’s not Doom & Gloom!
When one door closes another opens. This is a great time to look at the opportunities in front of you.
STATISTIC – OVER 40,000 NEW BUSINESSES WERE STARTED IN ALBERTA IN 2015.
Opportunities that have presented itself for business owners within Alberta:
Increase in Available Space (more choice)
Re-Negotiate with Landlords (expansion, improvement allowances)
Just like housing market, purchasing a commercial property, likely pricing has decreased as well.
Many talented people have been let go which are now available to business’.
Great time for individuals thinking that this is the time to take control and build a business. A door has opened and you’ve received the push… go for it!
There are some great opportunities to get into home ownership with decreased home values.
Rates remain LOW
Investors – great time to buy
Competitive interest rates on Mortgages, LOC’s and Financing
Fixed Rates are at record lows
Mortgages for Business for Self
Plan Plan Plan – start Early
There are 2 strategies for Business Owners for obtaining a mortgage.
There are various lending options
This may be one of the best times to start a business…
Tim Lacroix of CGY Mortgage has been helping Calgarians manage their finances for years. To find out how he can help you call today at 403.648.1541 and visit timlacroix.com.
Check out the other speakers from Samurai Speaker Series:
Paul Anthony – Rewiring Your Mind for Success
Miryah Scott – Digital Marketing
Denise Higginson – How to Attract and Retain Talent