Discover the key steps to buying or leasing commercial real estate

June 1, 2017 - Tags: Managing

This guest blog post is provided by the Business Development Bank of Canada (BDC). BDC is the only bank devoted exclusively to entrepreneurs. It promotes Canadian entrepreneurship with a focus on small and medium-sized businesses. With its 110+ business centres from coast to coast, BDC provides businesses in all industries with financing and advisory services. Its investment arm, BDC Capital, offers equity, venture capital and flexible growth and transition capital solutions.

Buying a commercial space is often one of the most complex transactions an entrepreneur will ever make.

That's why it's essential to research and plan the purchase beforehand to make sure your choice meets the needs of your company and maximizes your investment.

There are several factors that you need to consider before making an acquisition, including the type of property you want to purchase, the risks and benefits involved, and how to finance the property.

But where can you find reliable information to guide you along this process? And is buying commercial real estate even the right choice for you and your business at this point in your journey?

A new source of guidance for Canadian entrepreneurs

To help you navigate such complexities, the Business Development Bank of Canada (BDC) has created a real estate hub gathering all the information you need to successfully buy or lease commercial real estate.

This free online hub offers tips and detailed insights from experts in the form of infographics, videos, client stories and articles. The advice will help you solve the challenges you are likely to meet along your journey, including:

  • Assessing your needs
  • Leasing commercial real estate
  • Buying commercial real estate
  • Financing commercial real estate
  • Closing a commercial real estate deal

Invest in real estate

So, how about your business? Do you need to increase production capacity, make room for new employees or upgrade your facilities?

Visit bdc.ca/realestate to find out what you need to make the right decision about commercial real estate for your business.


Comments

Posted by Canada.ca on August 21, 2017
Hello Martin,

Thank you for contacting Canada Business. We are always happy to help you with questions about starting or growing your business in Canada.

For questions relating to the blog article and buying a commercial property, you can consult our guest blogger’s resources on Buying commercial real estate or contact the BDC directly at bdc.ca/en/contact_us.

If you have further questions about starting or growing your business in Canada, please contact us for assistance.

Good luck with your next steps!
Posted by Martin on August 19, 2017
Hello author, I thank you for sharing this blog, I’m planning to buy a commercial property for my business and don’t have any idea about how to buy, how to proceed. This blog will very much helpful to me to start my process. Is there any need to hire an agent?
Posted by Canada.ca on June 13, 2017
Hello Sergio,

Thank you for contacting Canada Business. We are always happy to help you with questions about starting or growing your business in Canada.

If you are looking for financing to purchase equipment and expand your existing construction business, you can start by learning about the various types of financing that are available: Grants and financing.

You can use the program search tool to find funding programs that meet certain criteria. In your situation, you could specify programs for the building construction industry in your province or territory.

You may also want to browse blog articles on the topic of financing. Some articles could help you prepare for applying for a business loan.

To help you with your business expansion, please consult our information and resources on Planning for business growth. You will gain insight on how to review your business performance, how to plan, and various ways to grow your business.

If you have further questions about starting or growing your business in Canada, please contact us for assistance.

Thank you and good luck with your next steps.
Posted by S E R G I O on June 12, 2017
On february 8 2016; I had sent a letter E-mail to the honorable
Prime Minister, Justin Pierre TRUDEAU , and NO reply. Letter explainnig about our building housing project´s. The reason to
purchase of heavy construction machinery,and electric equipment.likewise expanding business operations.We hope reply
Posted by Canada.ca on June 5, 2017
Hello Eunsung,

Thank you for contacting Canada Business. We are always happy to help you with questions about starting or growing your business in Canada.

The Canadian Company Capabilities database lets you search for businesses by industry, name, number of employees, and various other criteria. You could also try searching online telephone directories, business directories, or social media networks. LinkedIn, for example, is used by many business people.

If you are inquiring about buying a business, please consult our Buying a business section where you will learn where to find businesses that are for sale, what kind of business to buy, and other factors to consider in the process.

You will find other information on buying a business or franchise on our website by searching “buying” and by browsing our blog articles on the topic of buying.

If you have further questions about starting or growing your business in Canada, please contact us for assistance.

Thank you and good luck with your next steps.
Posted by Matthew on June 5, 2017
As a complement to your commerical real esate resource, here is an article about Lease Agreements, as it relates to buying a business in Canada. https://8-elements.com/lease-agreements-buying-a-business/
Posted by eunsung on June 3, 2017
I'm looking for a small business.
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