Buildings For Sale Toronto

09/09/2026

National rents just dropped 4.8% year over year — the 23rd straight month of declines. But look closer at Toronto and the story flips: overall rents are down just 1.4%, while 3-bedroom units are actually up 3.5% annually.

Purpose-built rentals are also proving way more resilient than condos right now (-3.3% vs -7.7%).

If you're underwriting Ontario multifamily off the national rent narrative, you're using the wrong data.

08/24/2026

New listings dropped 1.6% nationally in July — and in Toronto specifically, they’re down 17.8% year over year, per RBC Economics.

That’s the real story behind the “market turnaround” headlines: this isn’t demand exploding, it’s supply retreating after three years of inventory buildup in Ontario and BC.

Canada’s sales-to-new-listings ratio now sits at 0.51 — balanced territory, a meaningful shift after years of buyer’s-market conditions in the hardest-hit regions.

The risk: if sellers regain confidence and list again, that emerging floor under prices gets tested. Watch new listings as closely as sales over the next few months.

Source: RBC Economics, “Focus on Canadian Housing” (Robert Hogue), Aug 18 2026.

08/23/2026

RBC’s “convergence” thesis: the markets that carried Canadian real estate for the past two years — Prairies, Quebec, Atlantic Canada — are showing signs of topping out. Regina, Saskatoon, Winnipeg, Montreal, Quebec City, Moncton and PEI all posted monthly resale declines in July, and Quebec’s annual price gains have fallen to less than half what they were at the start of the year.

Meanwhile Ontario — the market that took the hardest hit the last three years — is the one RBC flags as initiating a recovery.

For investors, that’s a directional signal on where capital and deal flow could rotate next, not a guarantee. Immigration cuts and affordability pressure are still headwinds across the board.

Source: RBC Economics, “Focus on Canadian Housing” (Robert Hogue), Aug 18 2026.

08/21/2026

Canada’s Q2 GDP Surprise (3.4%), Ontario Rents Down 5.8%, LTB Arrears Data, Lankin’s Guelph Value-Add & H&R’s $6.7B REIT Breakup

Addy Saeed and Ribhu Rampersad break down a packed Smart Real Estate episode covering Canada’s stronger-than-expected GDP rebound (May +0.3%, June estimate +0.2%, implying ~3.4% Q2 growth), with construction and real estate/rental/leasing posting a fourth straight monthly gain, while warning about revision-prone data and downside risk from trade tensions and new US tariffs. They review Urbanation’s Q2 2026 rent data showing national rents down 4.6% and Ontario down 5.8% year-over-year, alongside a first national vacancy decline to 4.7% after nine quarters of increases and Ontario apartments-under-construction up 4.1%. They share original research on 40,000+ Ontario LTB orders (84% landlord-filed; 58.6% L1 non-payment; 16% ex parte; Toronto area ~30%). The episode also covers Lankin’s 80-unit Guelph acquisition with CMHC financing and a large rent gap, H&R REIT’s $6.7B acquisition/breakup creating a major residential pure-play, and Ottawa’s $1.9B Via Rail fleet renewal excluding the Windsor–Quebec corridor, with Alto HSR flagged as the longer-horizon Ontario catalyst.

00:00 Macro vs Rents Setup
00:34 GDP Growth Breakdown
01:41 Risks and Key Takeaways
02:45 Ontario Rents Slide
03:29 Vacancy vs Supply Signals
04:57 LTB Data Deep Dive
06:58 Guelph Value Add Deal
09:09 H&R REIT Breakup Deal
11:37 Via Rail Spending Signal
12:31 Closing Themes and Wrap
14:01 Disclosures and Disclaimer

About Your Hosts: Addy Saeed: With over 20 years of experience in the real estate industry, I've navigated through the complexities of property investment, development, and management. My goal is to demystify real estate investing for our listeners.
Web Links Skool Community: https://www.skool.com/learn-invest-manage-3225/aboutGet access to all our tools at learninvestmanage.com

08/14/2026

Toronto Rents Rising, GTA Listings Falling: What “Tightening” Means for Your Underwriting

Addy Saeed and Ribhu Rampersad break down three data releases pointing to “tightening” conditions across Ontario: a July jobs report showing 75,000 new jobs and 6.4% unemployment alongside cooler wage growth (3% vs. 3.7%), which CIBC says supports a Bank of Canada hold through 2026 into early 2027; national rent growth for a fourth straight month with Toronto up 1.6% MoM in July, annual rents down just 0.6% and listings down ~6% YoY, while Ontario’s 0.6% monthly gain still sits with a 3.7% annual decline and wide sub-market dispersion; and TRREB’s July resale data with sales down 0.9% YoY, new listings down 17.8%, and HPI down 4.6% YoY but up MoM (SA), plus current financing benchmarks (BoC ~2.25%, prime ~4.5%, 5-year fixed ~6.09%) emphasizing underwriting to today’s rates, not anticipated cuts.

00:00 Markets Tightening Overview
00:22 Jobs Report Blowout
00:43 Rates On Hold Implications
01:09 Rental Demand Signals
02:28 National Rents Turning Up
02:57 Ontario Submarket Divergence
03:36 Seasonality And Underwriting
04:29 GTA Resale Tightening
05:03 Financing Benchmarks Reality
05:39 Regulatory Friction Bear Case
07:01 Segment Takeaways And CTA
07:55 Three Themes Recap
08:44 Disclosures And Disclaimer

About Your Hosts: Addy Saeed: With over 20 years of experience in the real estate industry, I've navigated through the complexities of property investment, development, and management. My goal is to demystify real estate investing for our listeners.
Web Links Skool Community: https://www.skool.com/learn-invest-manage-3225/aboutGet access to all our tools at learninvestmanage.com

08/07/2026

Toronto rents rose for the fourth straight month in July — up 1.6%, pulling the annual decline down to just 0.6%, the smallest of any major Canadian market.

Listings are down roughly 6% year-over-year. Supply is tightening, and rent is starting to respond.

Urbanation is calling it a potential leading indicator — not a confirmed recovery. Worth watching closely.

08/04/2026

Cap Rates Locked, Rent Growth Capped & the CMHC MLI Select Deadline: What It Means for Ontario Deals

Addy Saeed reviews two weeks of market data, noting the Bank of Canada held at 2.25% while U.S. inflation cooled, and explains that in Canada core inflation is below target (CPI median 1.9%, trim 1.8%) with headline CPI at 2.8%, reducing renewal-shock risk for borrowers but leaving investors constrained by flat rent inflation at 3.5% and shelter inflation at 1.6%. He argues this creates yield compression and stabilizes cap rates rather than expanding them, with Toronto high-rise caps roughly 3.85%–4.75% and B-class 4.15%–5.15%, and Ottawa about 4.5%–5.0%. The episode covers Minto Apartment REIT’s privatization requiring lender consent, a GTA townhouse project entering CCAA due to slow absorption, the Sept. 30, 2026 CMHC MLI Select deadline tightening new-construction financing, and Ontario’s new open-data release of Landlord and Tenant Board orders to improve tenant-risk underwriting.

00:00 Market Warning Setup
00:56 Inflation Data Breakdown
01:37 Rent Growth Reality
02:09 Key Takeaways Watchlist
02:46 Minto REIT Goes Private
03:33 Developer CCAA Stress
04:41 Cap Rates Stabilize
06:02 MLI Select Deadline
06:36 Debt Market Playbook
07:46 LTB Orders Go Public
08:35 Themes Recap Strategy
09:44 Wrap Up Disclosures

About Your Hosts: Addy Saeed: With over 20 years of experience in the real estate industry, I've navigated through the complexities of property investment, development, and management. My goal is to demystify real estate investing for our listeners.
Web Links Skool Community: https://www.skool.com/learn-invest-manage-3225/aboutGet access to all our tools at learninvestmanage.com

08/01/2026

84% of Ontario LTB tenancy cases this year were filed by landlords, not tenants. Before drawing a conclusion from that number, it's worth understanding the structure behind it.

Arrears and hold-over applications are procedurally landlord-initiated by design — a tenant doesn't file to evict themselves. So the number partly reflects how the system is built, not necessarily who's "in the right" more often.

It's also fair to ask whether tenants are underusing the remedies available to them — repair orders, harassment complaints, illegal fee disputes. Both readings deserve airtime.

08/01/2026

07/31/2026

Nearly 6 in 10 landlord applications to Ontario's LTB this year weren't about damage, harassment, or bad behaviour. They were L1 filings — unpaid rent. 20,162 of 34,422 landlord applications, 58.6%.

For investors, that's the real underwriting signal: arrears exposure isn't the exception in a multifamily portfolio, it's the base case you build reserves around.

Not advice — just the caseload, Smarties.