Investments, multi-res, CRE, Dog lover, Motorhead, Investor Real Estate Broker - Re/max Gold Realty Inc., Brokerage Dealing rep - Westcliff/Waverley CF
Joined February 2009
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I'm not a conspiracy theorist but it's odd that @elonmusk Tesla Semi trucks are finally rolling off the prod line as diesel is hitting all time highs... youtube.com/watch?v=0WP9HizH…
What is happening to showings in Toronto... 15-minute time slots for the duration of the appointment and only available for two hours on the weekend.
How do you plan your visit down to 15 minutes and only show properties at on Saturday onlyl from 4 to 6 pm?!?
1/ Something unusual is happening in Ontario’s housing market.
A $91M apartment sale in Midtown Toronto…
AND an $8.8B government housing deal announced the same day.
These are connected. 🧵
8/ The big question:
If private buyers are paying ABOVE book value…
Are public markets underpricing multifamily right now?
#Multifamily #TorontoRealEstate #CRE #REITs #Investing
7/ The opportunity?
Watch for:
• Quiet REIT dispositions
• Pre-privatization asset sales
• Transit-oriented rental plays
• Policy-driven development upside
6/ Most investors think higher rates = weaker pricing.
But that’s not what this deal shows.
Core Toronto multifamily is still attracting capital—especially in transit-heavy nodes.
5/ Here’s the real signal:
Public capital → Deleveraging
Private capital → Acquiring
Government → Stimulating new supply
Three forces moving at once.
4/ Now zoom out—
Ontario + Canada just launched an $8.8B housing partnership
• Up to 50% reduction in development charges
• HST rebates up to $130K per unit
• Major transit expansion
This directly impacts supply economics.
3/ At the same time, Minto is using ~$67M to pay down variable-rate debt…
Right before a $2.3B take-private deal.
This is not distress.
This is balance sheet repositioning.
2/ Minto sold a 148-unit building at Yonge & Eglinton for ~$613K/unit.
Key detail:
The sale price EXCEEDED IFRS value.
That means private buyers are pricing assets higher than public markets.
Government of Canada department of measurement. Old truck and looks like very well used
Is this a fake truck?
Ontario will rebate the full 8% provincial HST for first-time buyers of new homes up to $1 million, saving up to $130K when combined with federal relief. It could spur short-term demand and help builders clear inventory, but underlying cost pressures remain.
