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New Episode: (61) Should You Build a Multiplex? Five Questions to Answer First In this solo episode, I walk through five questions that can help you decide whether a potential multiplex is worth pursuing—before committing significant time and capital. Toronto’s rental deadline is really a readiness test Toronto’s new purpose-built rental incentives could materially improve the economics of some projects. But the most important question in the application is not how much the incentives are...
Hi Reader, Over the last couple of weeks, we ran our first Toronto Multiplex Feasibility Workshop. In two sessions, we built a sample multiplex pro forma from the ground up—and then tried to break it. I did not want this to become an Excel workshop. The spreadsheet is useful, but the real question we kept coming back to was: Does this project actually make sense as an investment—and can the owner carry it? A few key takeaways. 1. A pro forma is not a prediction tool. A pro forma is our best...
New Episode: (60) Toronto’s 2026 Housing Incentives: What Developers Need to Recalculate Solnik Update: An important milestone for a promising East York project. Congratulations to our client on receiving Committee of Adjustment approval for 418 O’Connor Drive.This project is a strong example of the type of gentle intensification that can add much-needed housing within Toronto’s established neighbourhoods.We’re pleased to see the project reach this important milestone and look forward to...