Insights

What caught our attention this week is that the Government of Canada yields continue to send mixed signals depending on maturity, housing starts delivered a strong monthly print without materially changing the medium-term trend, and financing markets remain stable but restrictive despite modest year-over-year rate relief. It is important never to look at real estate in isolation, and this week’s data reinforced how much nuance still matters beneath the headlines. Featured Met

One of the quiet disciplines that separates durable real estate investors from short-term operators is an almost obsessive focus on exits. Not just an exit, but multiple exits. Markets rarely cooperate with our timelines, our assumptions, or our preferred outcomes. Investors who build wealth over the long term accept that reality early and structure their investments so that no single path determines success. Many investors only think about the exit at the end of the process.

I’ve gone through the full set of weekly rates, spreads, housing data, and equity indicators, and here’s what caught my attention. The signal is still one of easing, but the magnitude matters. Over the past month, the Canada 5 year government bond is down 6 basis points, and the 10 year is down 7 basis points. This is not a regime shift, but it is a clean directional move, and at this stage of the cycle, even small changes in benchmarks materially affect underwriting. These a