BoC Oct 28 Preview: Inflation, Bond Yields, Condo Lending Freeze & CMHC’s Long-Game Housing Data
 
Addy Saeed and Ribhu Rampersad cover four topics ahead of the Bank of Canada’s Oct 28 decision: RBC’s Oct 16 housing update (GTA resales down 5.3% in September, national resales down 2.3%, national prices down 0.4% m/m and 3.5% y/y, with declines accelerating and new listings down 1.8%); inflation and rates (Sept CPI 3.1% y/y driven by gasoline, ex-gas 2.2%, CPI trim 1.8, median 1.9, rent up 0.5% m/m and 2.8% y/y; policy rate 2.25% with bond yields rising about 20 bps); why condo construction financing is stalled (70% presale threshold, low starts, rising unsold inventory) while funds buy finished units in bulk; and two CMHC “long game” items on small-scale infill growth in Toronto and the share of homes needing major repairs, highlighting deferred maintenance as an underwriting risk.
 
00:00 Welcome and Agenda
01:13 RBC Housing Update
03:07 Inflation and Rate Outlook
07:52 Condo Lending Freeze
11:57 CMHC Infill and Repairs
14:37 Themes and Wrap Up
16:26 Disclosures and Credits
 
About Your Hosts: Addy Saeed: With over 20 years of experience in the real estate industry, I’ve navigated through the complexities of property investment, development, and management. My goal is to demystify real estate investing for our listeners.  
Web Links Skool Community: https://www.skool.com/learn-invest-manage-3225/aboutGet access to all our tools at learninvestmanage.com

The post Inflation, the Bank of Canada Decision, Condo Financing and Infill appeared first on Buildings for Sale in Toronto.

Addy Saeed and Ribhu Rampersad cover four topics ahead of the Bank of Canada’s Oct 28 decision: RBC’s Oct 16 housing update (GTA resales down 5.3% in September, national resales down 2.3%, national prices down 0.4% m/m and 3.5% y/y, with declines accelerating and new listings down 1.8%); inflation and rates (Sept CPI 3.1% y/y driven by gasoline, ex-gas 2.2%, CPI trim 1.8, median 1.9, rent up 0.5% m/m and 2.8% y/y; policy rate 2.25% with bond yields rising about 20 bps); why condo construction financing is stalled (70% presale threshold, low starts, rising unsold inventory) while funds buy finished units in bulk; and two CMHC “long game” items on small-scale infill growth in Toronto and the share of homes needing major repairs, highlighting deferred maintenance as an underwriting risk.

00:00 Welcome and Agenda
01:13 RBC Housing Update
03:07 Inflation and Rate Outlook
07:52 Condo Lending Freeze
11:57 CMHC Infill and Repairs
14:37 Themes and Wrap Up
16:26 Disclosures and Credits

Join the Learn Invest Manage Skool Community: https://www.skool.com/learn-invest-manage-3225/about
Get access to all our tools at learninvestmanage.com

The post Inflation, the Bank of Canada Decision, Condo Financing and Infill appeared first on Buildings for Sale in Toronto.

The reason is oil. The war in the Middle East pushed gas prices up, and inflation has sat around 3% since April.

Here’s my problem. A rate hike in Ottawa doesn’t refine one more barrel of oil. It doesn’t change what you pay at the pump. What it does change is the cost of every mortgage renewal and business loan in this country, in an economy already absorbing new U.S. tariffs.

The Bank’s answer is that it isn’t targeting gas prices. It’s trying to stop energy costs from spreading into everything else. That risk is real. I just think hiking into a slowing economy is the wrong trade, and some economists called this premature with core inflation still subdued.

If you have a renewal coming in the next 12 to 18 months, stress-test it now. The Bank says more hikes may be needed.

Hike, hold, or cut. What would you have done?

#BankOfCanada #InterestRates #CanadianRealEstate #MortgageRenewal #Inflation

Opinion only. Not financial or investment advice.

The post Bank of Canada just raised rates to 2.5% appeared first on Buildings for Sale in Toronto.

Hamilton’s overall vacancy is 5.2%, above the national average. But bachelor vacancy is 14% while two-bedrooms sit at 3.7% with new leases up 2.2%.

The headline vacancy number hides the story. Unit mix is the underwriting.

#HamiltonRealEstate #KitchenerWaterloo #MultifamilyInvesting #OntarioRealEstate #RentalMarket

Source: Yardi Canadian National Multifamily Report, Q3 2026 (data as of Q2 2026), Paul Fiorilla

The post Yardi’s Q2 rental data appeared first on Buildings for Sale in Toronto.

Zoning reforms and conversions of existing homes are part of the story. But it’s a share of a small base, and CMHC says Ontario’s uptake has been slower.

The bigger infill category is still nine units or more, at 63% of national starts.

#OntarioRealEstate #TorontoRealEstate #MultifamilyInvesting #MissingMiddle #CanadianRealEstate

Source: CMHC analysis, as reported by Storeys (Zakiya Kassam), Sep. 24, 2026

The post Small-scale infill jumped tenfold last year appeared first on Buildings for Sale in Toronto.

Core measures were a tick below forecast, with CPI-trim at 1.8% and CPI-median at 1.9%. Rent rose 0.5% on the month, leaving the annual rate at 2.8%, which CIBC called “surprisingly firm.”

The Bank of Canada decides October 28, with CIBC seeing little rush to hike and Governor Macklem saying the Bank is prepared to raise rates if necessary.

#OntarioRealEstate #MultifamilyInvesting #BankOfCanada #Inflation #CanadianRealEstate

Source: Statistics Canada CPI (Sep. 2026), as reported by CIBC Economics (Andrew Grantham) and The Canadian Press, Oct. 19, 2026

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Addy Saeed and Ribhu Rampersad review diverging Canadian real estate signals: national rents fell 4.8% YoY (23 straight months), while Toronto is down just 1.4% and Toronto purpose-built 2–3 bedrooms are up. They flag trade-policy uncertainty, Toronto resale softness amid sharply lower new listings, and CMHC data showing borrowers shifting to shorter/variable terms with 35% reporting renewal pressure and 25% regrets. They detail a liquidity/operational crisis at Ontario condo property manager Cyreg/SIREG (about 1,800 units) after missed rent distributions on Sept 18 and a CAMRO investigation, highlighting operator risk across condo title, REIT, and syndicate structures. They explain LTB/RTA changes (N12 notice/compensation, N4 shorter timelines, tighter N13 obligations), summarize uneven GTA development-charge relief, note record unsold GTA developer condo inventory and institutional conversion-to-rental buys, compare city-by-city capital markets, and conclude CMHC warns the long-term risk is an ownership supply shortfall despite near-term rental softness.

00:00 Market Setup and Agenda
00:48 Rents Falling Not Toronto
03:11 Mortgage Renewals and Term Risk
04:06 Ontario Property Manager Crisis
10:35 LTB Rule Changes Explained
13:27 Development Charge Relief Map
15:30 Distressed Condos to Rentals
16:41 CAIC Panel City by City
20:26 CMHC Supply Gap Warning
23:18 Wrap Up and Disclosures

Join the Learn Invest Manage Skool Community: https://www.skool.com/learn-invest-manage-3225/about
Get access to all our tools at learninvestmanage.com

The post The Next Squeeze: What Today’s Soft Market Sets Up For Tomorrow appeared first on Buildings for Sale in Toronto.

Rents Falling, Starts Falling Faster: Toronto Divergence, LTB Rule Changes, and the Cyreg Investigation
 
Addy Saeed and Ribhu Rampersad review diverging Canadian real estate signals: national rents fell 4.8% YoY (23 straight months), while Toronto is down just 1.4% and Toronto purpose-built 2–3 bedrooms are up. They flag trade-policy uncertainty, Toronto resale softness amid sharply lower new listings, and CMHC data showing borrowers shifting to shorter/variable terms with 35% reporting renewal pressure and 25% regrets. They detail a liquidity/operational crisis at Ontario condo property manager Cyreg/SIREG (about 1,800 units) after missed rent distributions on Sept 18 and a CAMRO investigation, highlighting operator risk across condo title, REIT, and syndicate structures. They explain LTB/RTA changes (N12 notice/compensation, N4 shorter timelines, tighter N13 obligations), summarize uneven GTA development-charge relief, note record unsold GTA developer condo inventory and institutional conversion-to-rental buys, compare city-by-city capital markets, and conclude CMHC warns the long-term risk is an ownership supply shortfall despite near-term rental softness.
 
00:00 Market Setup and Agenda00:48 Rents Falling Not Toronto03:11 Mortgage Renewals and Term Risk04:06 Ontario Property Manager Crisis10:35 LTB Rule Changes Explained13:27 Development Charge Relief Map15:30 Distressed Condos to Rentals16:41 CAIC Panel City by City20:26 CMHC Supply Gap Warning23:18 Wrap Up and Disclosures
 
About Your Hosts: Addy Saeed: With over 20 years of experience in the real estate industry, I’ve navigated through the complexities of property investment, development, and management. My goal is to demystify real estate investing for our listeners.  
Web Links Skool Community: https://www.skool.com/learn-invest-manage-3225/aboutGet access to all our tools at learninvestmanage.com

The post The Next Squeeze: What Today’s Soft Market Sets Up For Tomorrow appeared first on Buildings for Sale in Toronto.

High Art Capital is targeting at least $1.3B to convert condo blocks into rentals, with up to $300M in mezzanine debt committed by Building Ontario Fund. The trade-off is that 30% of the units are tagged affordable for life.

The 30%+ discount is one lawyer’s estimate, not a reported average. How these scattered units get managed, and what happens to warranty coverage on resale, is where the risk sits.

#OntarioRealEstate #GTACondos #MultifamilyInvesting #CanadianRealEstate #SmartRealEstate

Source: RENX, Steve McLean, “Inside the bulk condo buying boom in Canada’s largest markets,” Sep. 8, 2026

The post Inside the bulk condo buying boom appeared first on Buildings for Sale in Toronto.

Until September 30th, CMHC’s MLI Select lets projects qualify under the OLD energy standards or the new 2020 NECB rules. After Wednesday: the tougher new code only. Fewer points. Smaller discounts.

The math is real. 70 points unlocks 45-year amortization. 100 points gets 50 years plus a 30% premium discount. A Grimsby developer just closed a 90-unit purpose-built rental at 95% loan-to-cost.

Everyone complains about rates. The developers cashing in aren’t complaining.

For the full playbook — source, underwrite, capitalize, manage, exit, learn — go to heyaddy.com

#CMHC #MLISelect #OntarioRealEstate #MultifamilyInvesting #PurposeBuiltRental #RealEstateInvesting #CanadaRealEstate

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