
Multifamily Financing Insights: Starlight, CAPREIT, and CMHC Updates
In this episode, Sandy MacKay welcomes listeners and dives into the strategies of Starlight Investments, emphasizing the role of CIBC Investment Management in their approach. He then shifts focus to CAPREIT's strategic acquisitions, sharing insights from Mark Kenney on their impact. Sandy discusses the recent changes in CMHC's multi-unit loan insurance premiums and their implications for the multifamily sector. He examines how these changes affect different housing types and multifamily financing options. The episode concludes with closing remarks, summarizing the key points and thanking the audience for their continued support.
Key Points
- Starlight Investments is launching a $750 million fund to acquire multifamily rental properties in Canada's largest urban markets, highlighting the growing demand for rental housing in these areas.
- CAPREIT is enhancing its portfolio by acquiring five multifamily properties and selling two, reflecting a strategic repositioning to focus on newer, premium real estate.
- The CMHC has introduced significant changes to premium structures for multi-unit loan insurance products, impacting the cost and financing of new multifamily projects in Canada.
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Transcript
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