Insights

The same core market data is reviewed daily to assess direction, volatility, and underwriting visibility. This month’s release showed modest upward pressure across the Government of Canada curve, widening in select corporate spreads, and continued softness in housing starts. Here’s what caught our attention: long-dated yields have risen meaningfully over the past three months, while forward-looking housing activity remains negative on a year-over-year basis. Featured Metric D

In the Canadian multifamily market, “stabilized” has become shorthand for safety. The term suggests predictable income, high occupancy, limited operational drama, and steady returns. For many investors navigating higher interest rates and tighter lending conditions, stabilized assets appear to offer refuge from development risk and lease-up uncertainty. Yet the label can be misleading. Stabilization describes a moment in time, not a permanent condition. When underwriting reli

In the Canadian multifamily market, new construction is often considered the lower-risk option. New buildings imply modern systems, limited near-term capital expenditures, strong tenant appeal, and operational efficiency. In contrast to aging assets with deferred maintenance and legacy issues, recently completed properties appear predictable and clean. For many investors, particularly institutional capital seeking stability, this perception of safety is compelling. Yet in the