CAUTION: Inclusionary Zoning
  
Toronto Developers:
If you are developing a standard purpose build rental OR mixed-use condo products more than 100 units (student rental, retirement homes, nursing homes are exempt), near Protected Major Transit Stations Areas (PMTSA, basically where subway and light rail stations are) you will be required to include 3-5% GFA toward affordable rental for PBR and 10% GFA for condos, starting Sep 2022.
This is a great ESG initiative, however it will impact your returns. So make sure to factor this into your modeling.
If you need help with financial modeling, GP/LP waterfall modeling or Argus Enterprise runs, my team will be very happy to help.
What is Inclusionary Zoning? Click here to learn
For service & consulting inquiries, please contact:
Kai Lu, 647 869 1058
CMHC MLI Select Is Great for Financing GTA Rentals! This Is Why
Some people think CMHC MLI Select that it's bad for financing GTA Purpose Built Rental (PBR), because you have to cap the rents under affordability thresholds.
BUT, there are ways around it. In this video, I will show you how you can qualify for this program in gateway markets such as GTA, and still charge these $3000/m rents
Click here to watch my video.
Are you investing in GTA PBR? Let me help you finance your project
For inquiries, please contact Kai Lu 647 869 1058
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