PV, Mit & Jeff
Ottawa just tabled the 2026 federal budget. $25 billion earmarked for housing. A 100% GST rebate on new rental construction. Capital gains inclusion rate staying at 50%. And $23 billion already committed through CMHC's Apartment Construction Loan Program. There's a lot to unpack, so we read the whole thing and pulled out the three things that actually matter if you own (or want to own) real estate. Want to talk through how this applies to your portfolio?
The government is spending billions to build what we already own. That tells you everything about where this market is headed.
Purpose-Built Rentals · CMHC Financing + GST Rebate Eligible
Government Grants + De-Risked Capital Stack
Targeted Returns: 24% to 27% Annualized
Every budget cycle, Ottawa announces billions in housing spending. Most of it takes years to produce a single unit. But buried in the policy language are real signals about where the government sees this market heading. Here are the three takeaways worth your time.
Cash-Flowing Apartment Buildings · Southwestern Ontario
Targeted Total Return: ~15%
Distributions: 7% Annualized, Paid Monthly
"We looked at REITs, GICs, and even buying a rental property ourselves. Nothing came close to the simplicity of FCPRET. Professional management, monthly distributions, and we don't have to lift a finger. It's the best decision we've made for our portfolio."
Asking rents just hit a 33-month low nationally. But the headline doesn't tell the whole story. Tomorrow we'll break down why falling asking rents are actually good news for existing apartment landlords.
This week's live stream breaks down why the current trade war, rate environment, and global uncertainty are creating a once-in-a-cycle opportunity for Canadian rental housing investors.
The federal government is spending $25 billion because Canada doesn't have enough rental housing. The GST rebate exists because the economics of building are difficult without it. CMHC is backstopping construction because the private market alone can't close the gap. Every one of these policies points in the same direction: rental apartments are essential infrastructure, and the country needs more of them.
To your success,
PV, Mit & Jeff
P.S. The capital gains inclusion rate question is settled. The GST rebate on rental construction is in effect. CMHC is backstopping new builds. If you've been waiting for clarity before making a move, the picture just got a lot clearer. Reply to this email and say "interested" and we'll set everything up for you.
By the Numbers
