Archives from December 2013

With historically low interest rates and steady economic growth, small businesses may want to consider the possibility of owning their warehouse and office space rather than leasing it. Calgary in particular seems to be one of the key cities driving the commercial ownership trend across Canada.

Business owners have always had the option to buy or lease, but the benefits of buying are now quite significant. Among them, the most important benefit is the growth of equity in their own business. Over 10 years, the decision to own can result in as much as a million-dollar equity build. Owners also have greater control over their costs, with more flexibility in the long run. They can add value to their property by building out the space, and allow themselves, not a landlord, to reap the rewards of these investments.

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