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May 28, 2020
Business Owner Update - Friday March 27, 2020

Business Owner Update - Friday March 27, 2020


Today the Federal Government and Bank of Canada finally...

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Rob Campbell - RE/MAX Real Estate (Central) : Blog : Latest Blog Posts

May 28, 2020
Here Is A New Listing That I Just Posted At Rural Rocky View MD, Rural Rocky View County


Here is a new listing that I am happy to post at Rural Rocky View MD, Rural Rocky View County.
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Here Is A New Listing That I Just Posted At 108 8400 Blackfoot TR SW in Calgary


Here is a new listing that I am happy to post at 108 8400 Blackfoot TR SW in Calgary.
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Here Is A New Listing That I Just Posted At 64 7930 Bowness RD NW in Calgary


Here is a new listing that I am happy to post at 64 7930 Bowness RD NW in Calgary.
Land,...
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Here Is A New Listing That I Just Posted At 5019 1 ST NW in Calgary


Here is a new listing that I am happy to post at 5019 1 ST NW in Calgary.
Huge opportunity!...
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Here Is A New Listing That I Just Posted At 2732 BRENTWOOD BV NW in Calgary


Here is a new listing that I am happy to post at 2732 BRENTWOOD BV NW in Calgary.

Rare...

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LATEST STORIES For Today's News From Around the Web..

New Business for Sale listed in Haysboro, Calgary

Here is a New Business Listing at #address. If you would like further information or a tour of the site please call me at (403) 259-8210 #.
Purchase a child care business with high cash flow and an incredible amount of upside growth potential. It is VERY well laid out with great open spaces and lots of windows, making it a wonderful environment for learning and play. The outside play area is full of things for the kids to do and is secure and safe. The interior was designed and built with a focus on quality and long term use, no expense was spared on the common areas or the mechanical and HVAC. All the finishing is commercial grade for long term use. This facility has an incredible "family feel" and parents do all the marketing through word of mouth. The facility is fully staffed with well qualified ECE professionals, most have been with the business since it opened its doors. There is room for expansion should the new owner like to grow the business and the long term lease that is in place is at an excellent rate. To really appreciate the business call me so we can discuss this operation in detail and set up a private after hours tour.

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STUNNING ROCKY MOUNTAIN VIEWS. This land has been in the same family since 1936. Not very often does a property of this type come to market. This 90.36ac has one of the most spectacular views of the Rocky Mountains in the area, from the potential building site, you get a 180 degree panoramic view, it is absolutely breathtaking. The attached photo's don't do the view justice, you need to see it in person. We are happy to set up an appointment for you to come out and view this once in a lifetime opportunity to 90ac that is 16km to Calgary and 33 km from downtown.
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Business Owner Update - Friday March 27, 2020

Business Owner Update - Friday March 27, 2020


Today the Federal Government and Bank of Canada finally made key announcements to help small businesses:


  • Increased Payroll Subsidies up to 75% - This will be back-dated to March 15.  No link or details yet on the limitations or qualification. I will get them to you as soon as they are posted.  Here is the announcement https://twitter.com/i/broadcasts/1kvKpXdndQmKE
  • Government guaranteed, interest free small business loans up to $40,000 – this is a program where, if you go to your bank to borrow money to get through the next few months, the government of Canada will be the guarantor.   Under some circumstances (no details yet), 25% may become forgivable.
  • Bank of Canada drops Prime Rate to 0.25% - this makes the cost of borrowing as close to “free” as it gets.  This is the time for you to replace as much high-cost debt with new low-cost debt.


In addition, you get a deferral of GST remittances on top of all the other deferral of payment programs announced over the past 10 days.  You’ll have to pay your GST owing eventually, but consider the money is better in your pocket for the time being.


These will help those of you who will be able to find work to keep the doors open and if the Alberta Government doesn’t order a lockdown.  If you need to shut the doors, the cheap loans and payment deferrals will help you to weather the storm and re-open later.  


Let’s address the potential of a lock-down.  Yesterday, the Alberta government admitted it is preparing an essential services list. This is a prerequisite to doing a lockdown.  As I reported to you earlier this week, the Alberta list will be based on the Ontario essential services list, likely with more extensive leniency for the oil and gas sector (re-attached).   This is not something the Alberta Government wants to do, but only if covid19 gets out of control.    That number is much higher than we are now (check my website if you like numbers).  However, politics are politics and we still might see one.  


If the government imposes one, my forecast is that we will need to see case numbers trending up significantly (i.e. additional cases each day are more than the additional cased from the day before) for 2-3 more days in a row and the Canadian Emergency Response Benefits become available so the additional layoffs get paid by the Feds, not the Province (i.e. April 6).  I’ll be keeping watch over these numbers for you. 


For you convenience, here is new link summarizing all the Federal program announcements (not yet updated from today). https://www.canada.ca/en/department-finance/economic-response-plan.html


Let’s do everything we can in our workplaces, with our employees, customers and suppliers to plank this outbreak so we can keep businesses open and everyone working!


Pete Baran                           |       403-973-3531

Chief Business Mechanic  |       Blueneck Consulting Inc.

www.blueneck.ca

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