Commercial Bank Rates Northern BC March 2025

If you are a real estate investor in Northern BC I am sure you are wondering what the banks are doing at the moment.  Last week I conducted a survey of my local bankers, I met with several of them and was told the following.  Banks are still lending but they are cautious about lending to some sectors due to the impending trade war with the US and the risk that presents. Here is the information i gathered and the contacts for the bankers in the event you would like to reach out and talk to them directly.

Enjoy.

RBC Norm Hebert

1. What are the commercial rates range of lending at the moment?r4.50% to 6.00% (low risk to high risk)

2. What types of commercial lending do you prefer at the moment. 

   Real estate

   Succession plan transactions

   Health care practitioners (Medical or Dental)

3. Who is the best person to contact at your institution?

   Mark Nelson – Sr Markets ($50MM+ gross revenues)

   Norm Hebert – Sr Mid-Market (<$50MM gross revenues)

   Kaitlyn Stearns / Krista Burlon (<$25MM gross revs)

Feel free to contact

Norman Hebert | Senior Relationship Manager, Commercial Financial Services I 550 Victoria Street, 2nd Floor, Prince George, BC  V2L2K1 | RBC Royal Bank | Royal Bank of Canada | T. (250) 960-4594 | M. (250) 552-1466

Canadian Western Bank - Rhys Elliott

1. What are the commercial rates range of lending at the moment?

• 1Y range from 4.55% - 4.95% for stronger clients. Bottom end of that range is for really strong / low risk or real estate backed deals etc.

2. What types of commercial lending do you prefer at the moment. 

• Income producing real estate – Residential, commercial/industrial

• Currently doing up to 30 year amortizations on residential apartment buildings

• Up to 90% LTV on Owner occupied commercial/industrial buildings

• Business acquisitions financing

• Working Capital line solutions in industries ranging from manufacturing, engineering,  Gov contracts based, Retail.

3. Who is the best person to contact at your institution?

• Rhys Elliott, Senior Relationship Manager, Commercial lending – 2506175227

• Nicole Leslie, Relationship Manager, Personal Banking - 2509815953

• Karen Young, Cash and Account Management - 2506128130

• 
  

Feel free to Contact

Rhys Elliott

SR. Relationship Manager, Commercial Banking

t. 250-649-3101 | f. 250-612-0129 

Email Rhys.Elliott@cwbank.com

Scotia Bank Response from Kurtis Friend

1.  ballpark right now is 4.00% - 5.50% for a fixed rate with a term 1-5 years.

2. Currently appetite is focused on:

• Full banking for operating companies (operating accounts, operating lines, owner occupied real estate)

• Business acquisition financing, MBO’s, MBI’s, etc.

• MUSHA financing (Municipalities, Universities, Hospitals, Aboriginal [including ec. devs’])

• Limited appetite for stand alone loans, such as income property lending or stand alone equipment lending

3. Feel free to contact myself for any lending inquiries over $2(ish) million. Under than, I can steer you in the right direction… but would likely land with our small business team 

Feel free to contact  

Kurtis Friend | Sr. Client Relationship Manager

_____________________________________________________

Scotiabank | Commercial Banking Distribution

390 Victoria Street

Prince George, BC, Canada, V2L 4X4

C 778.675.4920

kurtis.friend@scotiabank.com

CIBC Braden Cook

1. Our commercial floating rate is typically Prime +1% subject to adjustments based on credit assessment. Prime Rate is currently 4.95%, the next Bank of Canada interest rate announcement is set for April 16th. It’s CIBC’s view that we will see another 25bps reduction and then to remain flat for the foreseeable future. Fixed rates range in the 5 - 6.50% range from 1 – 5 years, short term rates being more attractive. Being mindful of potential rate changes with the current economic noise.

2. We offer banking partnerships to a wide range of industries, by way of operating, equipment, owner-occupied real estate, and business acquisition financing.

3. Feel free to contact me, I am happy to have a discussion regarding your business’ needs.

We are a relationship-oriented bank, looking to support and grow with the business owners in the Central and Northern B.C. community for the long term.

Feel free to contact

Braden Cook, B.Comm | Manager | Commercial Banking | Northern BC | CIBC1410 3rd Ave, Prince George, BC  V2L 3G2 | Tel: 250 614-6444 ext. 453 | Cell: 250 552-1596 | braden.cook@cibc.com

BDC - Brian Woodbeck

1. What are the commercial rates range of lending at the moment? Mid 5% and up based on the risk of the transaction, and security available.

2. What types of commercial lending do you prefer at the moment. Commercial and Industrial property acquisitions or construction, and business acquisitions regardless of the assets included in the purchase.

3. Who is the best person to contact at your institution?

Brian Woodbeck

(250) 649-6606

brian.woodbeck@bdc.ca

Anything else you would like to say to possible borrowers about your institution – It is important to explore your options when borrowing, especially in times of economic uncertainty.  Give me a call to discuss how our flexible lending could fit your needs. 

Feel free to contact

Brian Woodbeck

Senior Account Manager | Directeur principal

T  250-561-5336     C 250-649-6606     F 250-561-5512   

Integris Credit Union - Sandra Rose

1.What are the commercial rates range of lending at the moment?  5 year fixed rate, secured loan commercial office starts at 5.10% and Multi-family/residential could be better

2. What types of commercial lending do you prefer at the moment. We are open for business - commercial real estate, equipment, day to day operating lines of equipment, Professionals Policy

3. Who is the best person to contact at your institution? Email or call Jeanette Roth jroth@integriscu.ca 250-612-3512 or Sandra Rose srose@integriscu.ca 250-612-3556

Anything else you would like to say to possible borrowers about your institution If you are interested in learning more about the Credit Union difference, give us a call. 

Feel free to contact 

Sandra Rose

Senior Manager, Commercial Services

1532 6th Avenue, Prince George, BC  V2L 5B5

T: 250-612-3556

TF: 1-866-554-3456

srose@integriscu.ca

TD Commercial - Francois Cardin

1. At TD, we price to risk and that can differ between borrowers, industries and lending types. Outside of Prime based lending we are seeing 5-year rates for average, non-investment grade borrowers typically in the 4.75% to 6% range. That drops slightly for shorter terms, excepting the 6 month that has a slight premium on it.

2. We generally prefer operating companies established in the region with no real bias toward industry. Every industry has companies that do well, and don't do well and we seek relationships with those that are well managed and adaptable to changing environments. As a relationship bank, we do our best work with fully franchised clients that we can trust and trust us to provide the best advice and solutions.

3. Locally, in Prince George and surrounding regions, I am the main point of contact and conduit to our partner groups. I have close ties with our Small Business, Wealth, Retail, Equipment Finance and Real Estate partners and will ensure that the right Team shows up for our clients and prospects.

Thank you,

Francois Cardin | Account Manager | TD Commercial Banking

400 Victoria Street, 3rd Floor | Prince George, B.C. | V2L 2J7

T: 250-614-2963 |   E: francois.cardin@td.com

Conclusion:

Bank rates have fluctuated in the past couple of months and due to the economy banks are looking closely at lending opportunities to ensure they meet their criteria for risk. The good news is that there are some low rates at the moment which might make your investment cash flow.

I hope you enjoyed the read, let me know if you have any questions about commercial real estate or would like to hear more from other experts. 

David Fuller, MBA, Realtor

dave@nbccommercial.ca

250-617-7467