Professor Phillip J. Richardson CD, CRRP, CSM

Starlight Investments has expanded its Ontario portfolio with the acquisition of a rental community featuring 23 low-rise townhome complexes, with a total of 69 condo-deeded suites in central Toronto. Located in a well-connected neighbourhood near Lansdowne Avenue and Davenport Road, the community offers convenient access to public transit, major roads, and a wide range of local amenities and services including schools, parks, cafés, and retail destinations like Galleria Shopping Centre and Dufferin Mall. “We are pleased to expand our Ontario portfolio with the addition of this picturesque, family-friendly property located in the heart of Toronto. This acquisition is aligned with Starlight’s dedication to providing quality rental housing in locations that are well-suited to long-term living and quality of life.” -- Neil Fischler, Executive Vice President, Asset Management, Canadian Residential at Starlight Investments. Learn more: https://lnkd.in/dHFzdFDw David Chalmers | Neil Fischler | Federico Vaccaro | David Morrison | Larry De Melo | Michael Hanak | Gurman Athwal, CFA | Stefania Garcia | Anton Bondarenko, MBA | Atulya Khobragade | Gwen McGuire | Karina Saks | Sabrina Odamtten | Sheida Shoai , MBA, MSc | Andrew Yi | Max Lai, CPA, CA | Stefano Capano | Himani Tolia, CM

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New office construction in Canada is down 82% from its 2020 peak, setting the stage for a supply crunch in the not-so-distant future.   With fewer projects in the pipeline and strong tenant preference for modern Class AAA space, landlords may need to revisit how their assets are positioned to stay competitive. In our latest Canadian office market update, experts Jennifer Nhieu and Raymond Wong, CRE share what’s shaping the national office market and where things could be headed next: https://lnkd.in/gVhzhcg3

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I was asked by a foreign investor to compare the Canadian condo market to the multi-family market and asked if interchangeable. They’re not. • Condos: higher vacancies, transient tenants, no CMHC financing, shorter amortizations, larger equity requirements. Volatile by design. • Multifamily: lower turnover, family/professional tenants, CMHC-backed financing with 40–50 year amortizations, and stable long-term demand. Even as condo inventory has increased in Toronto, purpose-built rental vacancy remains tight and given financing structures remain far more favorable for investors. Thanks Kate Grondin for summarizing with data points.

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FACT: 90% of apartment buildings in Canada have been built by private developers. 200,000 units were built between 1974-1982, as part of the original MURB program. MURBs will unleash this private sector ingenuity and mobilize private capital, resulting in more apartment development than we have seen in decades. Rent protection comes from supply, not legislation (rent controls). CANADA NEEDS MORE APARTMENTS TO: 1. Provide Greater Housing Access and Affordability: More homes built faster means Canadians spend less time in housing limbo, and more time living securely. 2. Build Healthier Communities: Housing is a core social determinant of health. When people are stably housed, they experience better health, education, and employment outcomes. 3. Reduce Inequality: Lower-income households benefit when supply increases and prices stabilize is a win for equity and economic mobility 4. Improve Economic Productivity: When workers can afford to live near jobs, businesses thrive and urban infrastructure is used more efficiently.

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In case you missed it, Concordia University's latest research, led by Erkan Yönder and supported through the Equiton Inc Research Fund in Real Estate, explores Canada’s housing affordability challenges and potential solutions. 📄 Learn more about the findings here: https://lnkd.in/e4-2ZrQG

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