Rental and commercial boutique lender Glasslake Funding just made a push into Alberta and B.C. We caught up with Glasslake President and former Home Trust Underwriting EVP Mike Forshee to check on the opportunities he's prospecting out there.
He tells us, "We will continue to go into secondary markets in the western provinces" for one simple reason. The risk profile in B.C. and Alberta are "very similar" to Ontario, where Glasslake is based.
One offering he sees consistent demand for is AirBNB financing. "We are seeing a real opportunity in Alberta for this product," Forshee says. "Given the values in Alberta are lower than in the GTA and Vancouver..."