In this news episode, we break down whats going on in the market,

• Record numbers of Canadians are emigrating, with many heading to the U.S.
• Canadians are increasingly investing in U.S. stocks ($14.2 billion in May) while pulling back from domestic real estate
• Construction costs are rising well above inflation targets due to tariffs and skilled labor shortages
• Eliminating interprovincial trade barriers could potentially add 30,000 annual housing starts
• Down payment assistance has become essential for 70% of recent Canadian homebuyers
• Seniors are reluctant to downsize, which impacts housing availability for first-time buyers

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Toronto's Housing Policy Changes: Toronto now allows sixplexes in select areas and is waiving development charges for up to 6 units per lot, saving developers approximately $50-80k per unit.

• Nationwide Trend: This is part of a broader movement across Canada, with Vancouver, Edmonton, Calgary, Ottawa, and Halifax also implementing multiplex-friendly zoning.
• Economic Impact: Multiplexes offer a more accessible entry point for small-scale developers, with construction costs around $275/sq ft (less than half the cost of custom homes) and project timelines of 9-12 months.
• Investment Strategy: "Buy, Add Units, Rent, Refinance" is emerging as a new value-creation approach for investors, replacing traditional BRRR strategies in saturated markets.

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We look at cap rate reports from Colliers and CBRE and discuss whats happening in the commercial real estate world.

• National Market Overview: Canadian CRE remains stable (all-property cap rate: 6.67%) despite economic uncertainty; Bank of Canada cuts to 2.75% created favorable lending conditions.
• Asset Class Performance: Industrial leads with compressing cap rates (6.16%); retail rebounds as "investor darling" (5-6% range); multifamily maintains lowest yields (mid-4%); office struggles with rising cap rates.
• Regional Highlights: Toronto and Vancouver have lowest cap rates; Montreal faces highest office vacancy; Calgary industrial remains strong; Ottawa saw sharpest industrial cap rate drop (-75 basis points in Q1).

Exchange-Traded Funds (ETFs) | BMO Global Asset Management

Buy & sell real estate with Ai at Valery.ca

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