Catalyst Financial
2579 Windsor Street B3K 5C4 Halifax, NS, Canada

This is going to be interesting!

Halifax is becoming a boom town with per capita population growth outpacing Montreal, Vancouver, Ottawa and Toronto. Great news for Halifax! #Halifax #Techhub #realestate https://www.thestar.com//halifax-becoming-boom-town-as-it-

The time is right for rental property development across Canada in light of rent control in certain regions. Gen Z is driving demand in this sector over millennials along with more tech savy buildings with in house fitness. #halifax #multiresidential #developers @agentcatalyst Ref: https://renx.ca/ontario-rent-controls-cloud-booming-renta/

Demand for Rental Housing an Important Option for 30% of Canadians. According to CMHC/SCHL: Canada’s middle class will benefit from the construction of new rental housing. Through these significant investments, our Government is taking action to increase the supply of new rental developments, providing housing options that are closer to public transit, schools and services for hard-working Canadian families.... Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation We can see this trend in markets such as Halifax, Nova Scotia where the addition of new inventory of multi-residentail housing is n the rise. Quick facts: The rental market is an important housing option for approximately 30% of Canadians. The Rental Construction Financing initiative was announced as part of Budget 2016 and is expected to fund the construction of more than 10,000 new rental housing units in Canada. Starting in 2017, the initiative will provide up to $625 million in loans each year for four years to encourage the development of new rental housing by municipalities, non-profit organizations and housing developers. Combined with Budget 2017's new direct lending initiative for the renewal of affordable housing, it is expected that the amount of capital available for lending at low cost will be more than $10 billion over 11 years. CMHC also announced new mortgage insurance measures to support affordable rental housing projects. Ref Article: https://www.cmhc-schl.gc.ca//nero/nere/2017/2017-04-20-100

Thank you to the commercial lending team at RBC for their support in providing my client the funding we requested! #Halifax #Multiresidential #CommercialMortgage #RBC

I tend to agree with Kevin. He makes valid points.