Multifamily Real Estate Insights Podcast
The Real Estate Multifamily Insights Podcast is your trusted source for news, strategies, expert interviews, and actionable tips to grow your wealth through multifamily real estate, in Canada and beyond. Hosted by seasoned investor Sandy Mackay.
CMHC Changes, MLI Select Risks, and Canadian Real Estate Trends
In this episode, Sandy MacKay begins with an introduction to recent changes in CMHC policies and the use of surety bonds. He discusses the challenges and issues faced in development and construction, exploring both the risks and opportunities associated with MLI Select. Sandy provides insights into the Canadian real estate market, highlighting current investment trends in retail and office properties. The episode concludes with Sandy's closing remarks.
Key Points
- CMHC's new bonding rules for the MLI Select program require developers to secure surety bonds for projects, impacting their financial planning and execution strategies.
- Self-performing developers and sub-trades face significant challenges due to limited market options for bonding, which can lead to project delays and increased risks.
- Despite economic headwinds, investor confidence in Canada's multi-suite residential and commercial real estate markets remains strong, driven by solid fundamentals and resilient transaction activity.
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Transcript
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