Seeing projects from start to finish allows Canadian Funding Corporation to find success in the services it provides. Canadian Funding Corporation uses the unique process of accurately matching the best-suited lenders to the right borrowers. No matter the size of the project, the professionals at Canadian Funding Corporation are able to offer many different loan types. Canadian Funding Corporation looks at the big picture and long-term outcome and gives individualized attention to every project.
Canadian Funding Corporation closed over 300 transactions in the past 3 years alone. Canadian Funding Corporation conducts business all over Canada and in parts of the United States. To service unique projects, Canadian Funding Corporation offers several loan types. Canadian Funding Corporation often handles construction loans for original building development. For property upgrades, Canadian Funding Corporation generates renovation loans for individual needs. Also available at Canadian Funding Corporation are bridge loans to fund short-term finance projects and refinance loans for other uses. Canadian Funding Corporation uses a large pool of private funds from its network of reliable contacts in order to close deals.
With the principle of running a successful business through close relationships, Canadian Funding Corporation dreams the same dreams as its clients. The management team at Canadian Funding Corporation is exceptionally skilled in various areas of finance and lending. Canadian Funding Corporation’s business group includes an assets and acquisitions expert, mortgage agent, and market valuations manager. The CEO and Founder of Canadian Funding Corporation, Moishe Alexander, oversees all projects and makes first contact with potential lenders on behalf of the borrower. Canadian Funding Corporation offers loans of many values from thousands to multi-millions of dollars and uses a trusted three-step process for loan approval.
In addition to business matters, much of Canadian Funding Corporation’s time is dedicated to bettering the community. Canadian Funding Corporation regularly donates to charities whose mission is to end family homelessness by providing long-term care through health coverage, job placement assistance, and subsidized housing options. Canadian Funding Corporation also gives food and clothing to the needy in the Toronto area.
Moishe Alexander is pleased that spending for renovation are up by $1.6 billion across 10 major centres.
“Close to $21.3 billion was spent on renovations in 2008 across the 10 major centres surveyed, an increase of about $1.6 billion compared to 2007,” said Bob Dugan, Chief Economist at CMHC. “As well, when Canadian homeowners were asked about their renovation plans for this year, 46 per cent indicated that they intend to spend $1,000 or more by the end of 2009.”
The Renovation and Home Purchase Survey reports on actual renovation expenditures made in the previous year, as well as intentions to buy or renovate a home in 2009 in the following 10 major centres: St. John’s, Halifax, Québec City, Montréal, Ottawa, Toronto, Winnipeg, Calgary, Edmonton, and Vancouver.1 The survey provides timely information on renovation market trends.
Close to half of households surveyed reported that the cost of renovations undertaken in 2008 was in line with what they had budgeted, while 38 per cent said that they went over their planned budget for the renovation. A quarter of households that undertook a renovation project hired a contractor for a portion of the work. ‘Do-it-yourselfers’ accounted for 30 per cent of renovators in 2008. However, many households (44 per cent) chose to contract out the entire renovation project.
The main reason given by households for renovating in 2008 was to update, add value or to prepare to sell (55 per cent). Thirty-per-cent of respondents stated that the main reason for renovating was that their home needed repairs. The top three renovations completed last year were: painting or wallpapering (28 per cent); remodelling rooms (27 per cent); hard surface flooring and wall-to-wall carpeting (27 per cent).
Of the 10 major centres surveyed, the percentage of households that spent $1,000 or more on renovations in 2008 was highest in St. John’s at 43 per cent, followed by Winnipeg at 42 per cent and Ottawa at 41 per cent. The centre with the lowest proportion of households that undertook renovations was Québec City at 32 per cent.
Similarly, renovation intentions for 2009 across the 10 major centres are strongest in St. John’s and Ottawa, where 56 and 54 per cent of consumers, respectively, indicated they plan to undertake renovations costing $1,000 or more. The proportion of potential renovators is lowest in Québec City at 41 per cent.
On the home purchasing front, five per cent of households across the 10 major centres surveyed intend to purchase a home that will be used as a primary residence in 2009. Forty-nine per cent of households that stated they intend to purchase a home in 2009 are first-time buyers. This percentage is significantly higher than the share (36 per cent) of actual first-time homebuyers in 2008. The majority of first-time buyers are between the ages of 25 and 34.