If you're a business owner, you've probably heard the phrase “location, location, location” many times. Choosing a location for your new restaurant is one of the most important decisions you'll ever make. We're here to help you make the right choice. There are several factors to consider when choosing the perfect location for your culinary business. Demographics:When choosing a restaurant location, it is paramount to understand the demographics of the area. In addition to basic demographics such as age and income level, consider the daytime population and serving institutions such as large corporations, hospitals, and universities. These factors will greatly…
Author: Private Lending Agent
Premier David Eby has made it clear that speculators are the target, with his government announcing details of a new “B.C. Home Resale Tax” in the 2024 budget. Starting January 1, all gains made on the sale of a home within two years of purchase will be taxable, subject to certain exceptions. The legislation the government is hoping to pass in parliament in the spring would introduce a sliding scale, with a 20% tax on profits on homes sold within the first year, gradually falling to 10% if sold after 18 months and zero after two years of ownership. The…
“We are already beginning to see signs of things to come as activity in the real estate credit and equity pipelines increases. There is currently approximately $15 billion in lending in the real estate credit pipeline, up from an average of $10 billion to $12 billion in 2023, with multiple deals being brought to the equity investment committee every week. As both refinancings and acquisitions increase, we expect significant lending opportunities to arise.” The continuing need for private debt capital In 2023, US government agencies, insurance companies, and select private debt funds could provide much of the capital the market…
The British Columbia government has announced plans to impose a tax of up to 20% on gains made on property sold within two years of purchase.The 20% tax rate applies for one year after purchase and reaches zero between 366 and 730 days after acquisition.B.C. Finance Minister Kathleen Conroy announced the tax as one of the province's latest measures to curb housing speculation in a province where many people struggle to afford a decent home.”Prices have risen because governments have stepped back and speculators have moved in,” Mr Conroy said in a speech to parliament announcing the latest Budget.”That's why…
Housing tax measures and funding for BC Build are a major focus of this year's provincial budget. New and expanded tax measures, as well as investments in the new BC Build program, are among the province's top housing priorities, according to the NDP government budget released Thursday. Budget 2024 includes a new tax on home flips, an expansion of existing tax measures and funding for the recently announced BC Builds program. All the measures introduced in Budget 2024 are part of the Housing for People plan, which was a major part of last year's spending. Last year, British Columbia committed…
Formally announced in the last budget cycle, the new BC Home Resale Tax (HFT) now has an implementation date. British Columbia's Finance Minister, Kathleen Conroy, today announced that a new tax targeting home flipping and short-term speculation will officially come into effect on January 1, 2025, but it should be noted that the tax will still apply if the property was purchased before that date. Further details of the tax system were also revealed. This tax applies to the sale of residential property that has been owned for less than two years, and the seller is taxed up to 20%…
While first-time homebuyers are eligible for tax breaks, new housing policies announced in B.C.'s 2024 budget target speculators. The tax program comes in conjunction with new funding allocated to the province's BC Build program, which is aimed at stimulating the construction of new rental housing.The initiative comes as the NDP government claims that 78,000 homes have been “delivered or are in progress” against a 2017 election pledge to build 114,000 homes. Home resale tax announced Starting in 2025, the state will introduce a new “home resale tax” that will target profits made from selling a residential property within two years.…
Investors who take a broad view of commercial real estate may be missing out, especially at this point in the economic cycle.If you follow the narrative you're hearing on Wall Street and in the media, commercial real estate (CRE) may seem like an asset to avoid in 2024. We don't think so. But how investors gain exposure matters. When leveraging private capital, we believe it's better to be a lender than an equity investor at this point in the credit cycle. We expect to see attractive opportunities for private credit investors this year. Banks are leaning back on CRE loans…
A decline in demand for office space in the commercial real estate market could lead to bank failures in parts of the country, according to two financial experts from Florida Atlantic University. A decline in demand for office space in the commercial real estate market could lead to bank failures in parts of the country, according to two financial experts from Florida Atlantic University. A combination of rising interest rates, high office vacancies due to remote work and declining returns on investment in these buildings is exposing the fragility of the banking system as hundreds of billions of dollars in…
Investors who take a broad view of commercial real estate may be missing out, especially at this point in the economic cycle.If you follow the narrative you're hearing on Wall Street and in the media, commercial real estate (CRE) may seem like an asset to avoid in 2024. We don't think so. But how investors gain exposure matters. When leveraging private capital, we believe it's better to be a lender than an equity investor at this point in the credit cycle. We expect to see attractive opportunities for private credit investors this year. Banks are leaning back on CRE loans…