The United State Federal Reserve recently raised rates for the first time since the 2008 financial crisis. Short-term rates are expected to rise about one percent per year for the next three years, a modest increase that reflects the improvement in the US economy. Borrowers will be paying more on their loans and mortgages, but the climb will be gradual. This US policy will affect Canadian rates as well. If you are planning to buy a home in the coming years, you need to understand the effects of this event on the Canadian housing market.
Leasing heavy equipment for your construction business is a choice that you have to weigh against renting or buying outright. Each method for getting your hands on the equipment involves some pros and cons. But leasing comes with quite a few benefits that you should consider before you make a decision.
1. Leasebacks for Heavy Equipment
If you need to raise some capital, you can sell a piece of your heavy equipment and then lease it back.