Old Strathcona Foundation Posts

If it is about suggesting a treatment plan for your dear one suffering from alcoholism, would you recommend more alcohol as the best treatment to help them to get out of the disease? Now keep this question aside for a while. Have a look at the personal state of the average Canadian nowadays and monitor what their circumstances look like as they move on with their everyday tasks in life, family and work. Later on, we will bind these real-life situations with the riddle.

As per the official Canadian Government survey with CPI as a measure of daily expense of living, we survive in a world of low inflation which is less than 2 percent. But for most consumers, this reality may be much different than this image of low inflation across the past few years.

Some of this can be assigned in the reduction of the Canadian dollar vs. the US dollar by about 20 percent along the past 6 years. As most of our food comes from the US or nations using the US dollar for trading, most of the Canadians will have gone through faster than 2 percent inflation in their food bills today. By hiring financial solutions, these fund issues can be balanced as their services are quick and reliable.

financial solutionsThe food rates are expected to rise over the coming 1- 2 years because the agricultural sector is struggling to produce a normal quantity of food during wet conditions late into the planting season in various parts of Canada and US mid-west. In China, the crops and the slaughtering of a huge part of their pig population are affected due to disease. A poor monsoon in India will surely affect rice production in that nation and there are several pressures on the global food supply. At such situations, better to hire the alternative funding system, the financial solutions to stable these fund issues.

The strategy of the grocery store shelves to avoid the price increase so far led to the reduction of package sizes. The bag of potato chips, cookies or pasta got smaller nowadays as per the reports from many consumers. Canadian energy rates continued to struggle as the Federal carbon tax regime slowly rolled out and today is reflected in home heating costs and electricity. Are these increasing by a mild 2 percent? Are any of the government services which we pay for rising by just 2 percent? Remember the parking fines, license plate renewals, property taxes, water services, building permits and any of the countless service fees which we pay as citizens besides income taxes.

Now, if we replace the word ‘alcohol’ in our opening sentence with ‘debt’, we can link ‘big picture’ differences by governments across the world, with the average Canadian’s daily experiences. The expectation was that economic growth would finally permit governments to use rising tax revenues to pay down the debt and come back to normal conditions. With the help of financial solutionsCanadians can be ready for the viable condition of higher inflation and make suitable adjustments to their financial strategy to safely plan the route for the next period of economic history.

Financial Services

Purchasing a commercial property can be a smart option for your business needs but is critical too. There are many parts with regards to the purchase of a commercial building. Selecting a location, assessing the investment opportunity and creating a team of experts are helpful when it comes to financing the purchase. Whether you are a starter or an existing business owner, it is better to avail the best commercial mortgage Toronto experts for running your business. In this article, you will get thorough details regarding funding options while buying a commercial real estate.commercial mortgage toronto

Difference Between Residential and Commercial Mortgages

Most of the people are familiar with residential mortgages and their structure, so to understand commercial mortgages, it is better to compare them with residential mortgages.

Residential mortgages depend upon the financial standings of the person planning to avail the loan. This differs it from commercial mortgages as it is opposite to that.

This means higher risk is taken by the lender which is then balanced by forming strict terms and conditions. Below are given a few differences between residential and commercial mortgages:

Based on Income

Residential Mortgages: Decisions depend upon the loan acquirer’s income. The requested debt should not exceed 45 percent of your gross salary. The payment list should prove that payments are not more than 28 percent of your salary amount.

Commercial Mortgages: Decisions depend upon the earnings of the business. With the help of Debt- Service Coverage Ratio, companies should have a ratio of 1.25 to be eligible for a loan.

commercial mortgages toronto

Based on Down Payments

Residential Mortgages: If the loan borrower has good credit, down payments can be brought to nil. Lenders also focus on the Loan-To-Value ratio. This can be up to 95 percent as anything above 80 percent needs Private Mortgage Insurance.

Commercial Mortgages: The down payment is an average of 20 percent. Lenders can also provide a minimum of 10 percent if they are competing for loan business. The average approval ratio for Loan-To-Value is about 65-80 percent.

Expectations of Organizations

Commercial mortgages consist of a variety of documents for getting the assurance of the loan to be paid back. However, the mortgage is business-related, the loan borrower’s personal information is still required. A business strategy and financial records are also major requirements. The business plan is to make sure about the business plan on how the money will be used and the estimate of how profits will be gained. The essential financial records include bank records, current pay stubs, self-employment tax forms and documentation. Eventually, a property survey is necessary for an organization to approve the mortgage. All these things are strictly followed by the commercial mortgage Toronto providers and offer you with best commercial products thereby understanding your business needs.

The Succeeding Steps

Till now, you have come across many nuances to buying a commercial property. When you decided to go with a commercial mortgage for growing your business, make sure to have a word with the professionals and get expert advice. The best one will be the commercial mortgage Toronto experts who can guide you perfectly and provide you with ideal ways in your company’s operation and growth plans.

Business Name: Sherwood Mortgage Group
Address: 529 Wilson Ave, North York, ON M3H 1V1
Phone: (416) 241-6000
Website: sherwoodmortgagegroup.com

Financial Services

Gold bullions, coins, bars and wafers – all come under the category of physical gold. Being stable and relatively easy to direct investment instrument, the fame of physical gold has increased tremendously from the eruption of the mortgage crisis which took place in the USA in late 2006, which soon converted recently as the global financial crisis. You can even buy gold coins Canada which will serve as bullion coins to investors. In reality, there exist three categories of investors who purchase gold bullion: those protecting uncertainty and future financial failures, people who just aim at gaining profit and persons who merge profits with hedging. The portfolio of the investor is decided by his targets. As per the strength of this instrument, purchasing physical gold in Canada can assist diversify your speculation portfolio. The thing which makes physical gold to stand out from all other hard currencies and payment methods known today are that it is virtually impermeable to inflation or any other stock market trouble.

gold coins Canada

Types of Physical Gold

You can buy gold in the form of gold bullion, coins, wafers, bars and also in the form of gold jewellery or numismatic gold coins. Undoubtedly, gold bullion coins and gold bullion bars are the highly ranked gold forms in the market. You can find many well-known gold coins in the market followed by various Canadian companies. Buy gold coins and gold bullion at the best rates in Canada which are really a good investment source for all of you.

How to Purchase Physical Gold?

An online gold bullion supplier is one of the convenient ways to purchase physical gold for your investment purpose. Alternately, the other way to buy gold coins or bullion gold is that you can reach out to the nearby jewellers. Many jewellers permit to place an order on their websites too. You can find out various e-commerce websites in Canada where you can buy gold coins Canada and get the coins delivered at your house. The reality of gold and silver maple leaf coins provides an added layer of verification in the buying method, offering relaxed mind by making possible the authentication of registered Canadian products.

The way you should prevent from sub-prime mortgage lenders while buying a new home, similarly here you should avoid the newly-accepted or unknown dealers to buy gold coins Canada or bullion gold as the consequences could be dire. The reasons to refrain from buying physical gold from private suppliers are quite obvious: you can’t get a confirmation of the real gold.

gold bullion

Purchasing Physical Gold from Local Suppliers

If you consider yourselves as a brick-and-mortar person, you can pace order for gold coins or gold bullions from your local bank, but be conscious that few orderings of physical gold are related to taxation as per the current Canadian legislation.

Ultimately, you should take care of the problems like safe-keeping or correct theft insurance before you decide to buy gold coins or bullions. Purchasing physical gold is a safe and reliable method for investment.

Financial Services

For every start-up to establish them, the need for funding rises several times along the way. Now, you must have heard about the option of merchant loans or utilizing a merchant cash advance when it comes to funding your business effectively and quickly.

However, you’re completely new to the concept of Merchant Cash Advances? Well, no issues!  You will get all the details you need right here:merchant loan

1)What are Merchant Cash Advances?

Let’s assume your business allows client’s to purchase items using credit cards. So, here is where Merchant Cash Advance comes into play. This type of money lending isn’t exactly like merchant loans, but rather a hefty payment made that is repaid by utilizing a portion of one’s regular credit card receipts.

So, in order for one to achieve this so-called loan, a business owner will have to first consult a Merchant Cash Advance provider who will go over the owner’s credit card receipts.

Depending on the influx of payments made, the owner will decide upon an amount to be paid to the business owner. This amount will they be repaid in a given time span.

2)How Does an MCA work?

As mentioned above a business owner will have to contact an MCA provider and decide upon the amount to be borrowed. Now, after that, the MCA provider and the business owner will jointly decide upon holdback percentage and payback amount, depending on the revenue generated from the credit card sales.

This means a portion of the owner’s regular credit card revenues will be held back to repay the loan amount. This holdback’ process will continue till the entire amount borrowed is repaid.

3)How Does an MCA Benefit Your Business?

Unlike merchant loans, a merchant cash Advance has several noted benefits that make borrowing and returning money quite easily.

merchant loan advance

Check them out:

  • Quick Funding

The biggest perk of a Merchant Fund Advance is that it allows funding to be done within a matter of days. Your MCA provider will look into your credit card receipts and estimate the amount of loan you are eligible for. Then this amount will instantly be transferred to your bank account giving fast cash.

  • No Need for Collaterals

In the case of merchant loans from banks, the bank will generally request you to keep some collateral to sanction the loan. However, MCA’s don’t require the submission of collaterals and instead, the amount will be cut from your credit card revenues.

merchant loans

  • Flexible Payment Options

Unlike banks that require you to pay a certified amount as payment each month, MCA’s allow an owner to negotiate payments. Say, you can pay 15% of your credit card revenue the first month and 20% the next; this flexibility can be achieved once you talk it out with your MCA provider.

So, now do you see why it’s more applicable to go for MCA options rather than merchant loans from banks? This time securely fund your business and return the money without worry, just contact your trusted MCA provider.

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