VCREP #60 | What Does a One-Percent Increase to Interest Rates Mean for Commercial Real Estate?

If you were shocked by the Bank of Canada's one percent increase to interest rates this past week you are not alone. Cory and Matt are here this week to discuss the potential impact on commercial real estate... if any all. How does this affect your loan-to-value ratio when looking to acquire real estate? and what's next for the commercial real estate market in the province?As we continue down a path of unprecedented times, we unpack and shed some light on what they anticipate will happen and how that will be reflected in your decision making moving forward; as interest rates will continue to increase through 2022 and into 2023.