Matt Gonsalves

Great example of a missing middle project! Our clients purchased a house on a 32 ft by 146 ft lot. They are extensively renovating the home into a fourplex and building a garden home at the rear of the property.

@BradDunkley Bill Ackman is onto something with Burger King. A rare sanctuary for flame-broiled truth 🙏

We’ve all seen the graphs showing political polarization of men and women. Lately I’ve noticed we’re polarizing around restaurants and coffee houses. Nut bars(?), high-end matcha places, even Starbucks skews massively to women. But men will always have Burger King.

I agree this change isn't enough to revive the mid-rise and high-rise condo markets. But many townhome projects will become viable now because of these changes. I also have a few clients building semi-detached homes on spec who will benefit significantly from this. HST is still a major factor in project proformas. A $ 130K credit goes a long

Will Removing The HST From All New Construction Homes In Ontario Kick Start The Residential Construction Industry: ABSOLUTELY NOT Since politicians mainly know Sweet FA about the Industries for which they invent policies this should be expected BTW every Tax Removed is GOOD 2/

Quiet shift in Toronto housing: In 2025, 3–5 unit projects outpaced 100+ unit developments for the first time ever. While starts fall and condos get cancelled, Missing Middle is gaining ground. Lower risk. Faster cycles. Smarter capital.

The real story in Canada Mortgage and Housing Corporation’s report isn’t demand—it’s supply. Starts are collapsing. Condo cancellations are rising. We’re watching a 24–36 month supply gap form in real time. That’s where the opportunity is.

CMHC’s Toronto Housing Report = short-term pain, long-term gain. Starts at lowest since 2009. Condo cancellations rising. Future supply shrinking. Meanwhile, Missing Middle is taking share. Developers who survive this cycle will outperform.

@ManyBeenRinsed It’s a strange move to attack a realtor for selling real estate. John said the market was heating up which it was. He didn’t say it was a great buying opportunity nor was he trying to pump the market higher. John is one of the good ones.

2026 Vs. 2022 😂 Same guy who said at the peak that the ‘best time to buy is yesterday.’ Create the fire. Become the saviour.

Banks are still lending, and the stock market continues to perform well, which reinforces the wealth effect and supports consumer confidence. There’s a noticeable increase in optimism overall. At the same time, social media amplifies lifestyle spending and consumption, while the culture of saving for a rainy day feels less prominent than in past cycles. It also feels like a “K-shaped” economy: the top 5% are benefiting from asset appreciation and spending aggressively, while the bottom 50% are still feeling the pressure of inflation and higher living costs.

Canada's MLS House Price Index 47 months after the Feb 2022 peak: -20% US Case-Shiller Index 47 months after the July 2006 peak: -20% 4 years into the current Canadian housing cycle, price declines are on par with the US '06 cycle at the same point

@danielfoch Congratulations! This is great for the world.

Officially broke the replacement rate today

Great points, Ron. Many smaller, well-managed funds with long track records are still open with more new investor subscriptions than redemptions. When evaluating funds, pay close attention to leverage—it materially increases risk. Tranching loans into “A” and “B” is effectively leverage. Operator experience also matters, as does what and where they’re lending.

Real Estate Funds Stay "Gated" What The Hell Is Going On Here Billions in Real Estate Funds are frozen, people who saw healthy returns as a vehicle for a great, steady investments have found their Capital locked up & in several cases the returns have fallen sharply 2/

@danielfoch @cdn_investing @BMO Congratulations! Well deserved

This is something I've always dreamed of doing. I'm really honoured to have the opportunity to close the TSX alongside my friends from our network at @cdn_investing Thank you to @BMO ETFs for making this possible, and for you continued support on the podcasts. Thank you to @BradoCapital & @Fiat_iceberg for choosing Nick and I to host your real estate spinoff show, and helping us reach new heights personally and professionally.

@craigitect The problem is no one knows how CMHC will interpret the DC deferral. I am hearing mixed things.

City staff are saying there is an "overwhelming amount of laneway/garden suite deferrals" right now. Clarifying the DC bylaw for ADUs behind multiplexes is clearly having an effect.

@beheshtialex @danielfoch You can still build a sixplex in other areas of the city with a minor variance so you may as well exempt DCs city wide. It’s only fair.

@danielfoch This is purely an off ramp so the federal housing minister can say he got something, even if its less than what the CoT agreed to.

Let’s goooooo Craig & others will be discussing this at our upcoming multiplex event eventbrite.ca/e/unpacking-mu… Unpacking Multiplexes Tickets, Thu, 21 Aug 2025 at 5:00 PM | Eventbrite

@PlannerSean @MayorOliviaChow Game changing!

Followup to this member motion from Councillor Myers. Today, @MayorOliviaChow gave notice that she will be seeking a friendly amendment to the motion to extend it city-wide and exempt all 6 units from DCs and park levy!

@ChrisSpoke In hindsight when you look back you will forget how tired you are now and remember things more fondly

I’m in the early stages of building a business in a very tough market in a very tough industry with three young kids under eight at home making a mess every day and I have no doubt that these are the best years of my life.

@maxgoyzman Agreed. Hopefully HST is waived for first time homebuyers for the first $ 1,000,000 of the purchase price.

I was definitely hoping for a conservative government, but something tells me a strong Liberal mandate will be good for continued CMHC financing for multi-unit residential projects.

@JohnPasalis Also the 1990s had a severe downturn in the real estate sector. So a 67% increase wasn't that severe because it was a recovery from the downturn.

Canada’s housing crisis didn’t happen suddenly It’s been a long, gradual deterioration of affordability When home prices outpace incomes for 20 years in a row Years 10-20 will look and feel a lot worse than years 1-10

@PHfloor Especially for the real estate market. I afraid of what lengths policy makers will go to, to put a floor on the market.

if tariffs hold, their implications have not been price in...by a long shot.

@ronmortgageguy This is not what we want to hear and I think it’s the truth. Be careful out there.

Most Canadians Have No Understanding Of A Real Recession: They May Be About To Find Out The 2008 World Financial Crisis barely touched Canada, 4 very worrying months & then things started feeling better & at the end of 14 months it was business as usual No Big Deal... 2/

Revitalizing Spaces: Transforming a Toronto Office into a Needed Daycare Facility Excited to share a past project where a dated office building was successfully transformed into a thriving daycare center. Recognizing a significant shortage of daycare spaces in the Toronto area, this development addresses a critical community need. The project involved extensive renovations of the 12,510 sq. ft. space to meet the highest safety standards for its new purpose. It's rewarding to see underutilized properties revitalized to serve the community!