Take advantage of the BOOM in ag land popularity

familylendingMortgage News, Mortgage Talk Canada

The booming real estate market is not just limited to houses, farmland and the estates attached to them are also seeing a record rise in value. People are looking to make changes in all areas imaginable, whether that means expanding their agriculture business or finding that nice spot in the country to get away from the hustle and bustle of … Read More

Alternative Lending for (Grow)th Industry

familylendingMortgage News, Mortgage Talk Canada

The most noteworthy growth industry in Agriculture in 2018 is forecasted to be the Medical Marijuana trade. Health Canada estimates that by 2024 the Medical Marijuana industry will be worth 1.3 billion dollars and many Ag businesses are bursting to grab their piece of the pie. In 2017 the number of licensed producers has more than doubled with companies’ eager … Read More

Less risk to invest in Canadian farms than US Ag land, but get the right mortgage

familylendingMortgage News, Mortgage Talk Canada

Canadian farmers have an advantage over their US counterparts when it comes to the amount of risk of land investment. Although both Canadian and US agricultural land is at a historic high, Canadian growers are less leveraged to corn and soybean prices than American growers. Canadian growers also enjoy less competition when it comes to canola, lentils and vegetables more … Read More

Canadian farmland often outperforms Canadian stocks and bonds

familylendingMortgage News, Mortgage Talk Canada

Although long considered a “low risk, low return” asset, Canadian farmland is high demand today…and for good reason. Often, investment in farmland outperforms Canadian stock and bond indices. From 2012 to 2014, Ontario farmland increased in value by an average of 19.2%, according to Farm Credit Canada. In contrast, for that same period, S&P/TSX Composite Total Return index increased 10.2%. … Read More

Bank of Canada maintains overnight rate target at 1/2 per cent

familylendingMortgage News, Mortgage Talk Canada

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. Uncertainty about the global outlook is undiminished, particularly with respect to policies in the United States. The Bank has made initial assumptions about prospective … Read More