The Canadian Real Estate Investor

CREA August is out and every province sold fewer homes than a year ago. Oil topped $108, which pushes fixed mortgage rates up. Carney's summit pledges and the new Mega Deduction won't lower anyone's mortgage. Sales are stuck and buyers are gaining leverage, so watch your local numbers, not the national average.
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We switch things up in this episode and Fred Cassano from PwC interviews Dan on the Emerging trends Report produced annually by PWC and ULI
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GET TICKETS TO CANADA'S #1 MULTIPLEX EVENT: https://realist.ca/community/events/unpacking-multiplexes-toronto
Most Canadians think their home is an investment.
And honestly, the data says they are not crazy.
Homeowners are dramatically wealthier than renters. In Canada, StatCan showed homeowner net worth rising from about $324,000 in 1999 to about $685,000 in 2019, while renter net worth went from about $15,000 to $24,000. CMHC research says homeowners are roughly seven times wealthier than renters, and their homes represent about half of their net wealth.
So yes, homeownership has created an enormous amount of household wealth.
But Robert Kiyosaki also had a point when he said your house is not an asset if it takes money out of your pocket every month.
Because a primary residence can make you rich on paper while making you cash-flow poor in real life.
That is the episode today.
Is your home actually an investment, or is it a liability with good branding?

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GET TICKETS TO CANADA'S #1 MULTIPLEX EVENT: https://realist.ca/community/events/unpacking-multiplexes-toronto

On the Canadian Real Estate Investor podcast, Daniel welcomes Hooman from Alliance REIT (https://www.alliancereit.com/) to discuss his path from Bay Street lawyer to multiplex developer and operator, and how Alliance built an evergreen, non-exchange-listed REIT focused on Toronto’s missing-middle housing.
They cover shifting CMHC underwriting and how first-time developers can struggle to secure MLI Select financing, plus potential partnerships where Alliance’s experience and conservative underwriting could help.
Hooman explains REIT liquidity, RRSP/TFSA eligibility, and the complexity of capital planning for redemptions, and shares operational realities: flat post-development appraisals on recent projects, rising turnover due to incentives in new purpose-built rentals, cheaper condo rentals, and more renters buying homes. He details cost-control tactics, tenant retention, and neighbor relations strategies, and outlines why authentic, vibrant neighborhoods and “would I live here?” location tests matter again.
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We are joined by friend of the show Ben Singer, of SR Law, Ben, maintains a general commercial real estate practice, including acquisitions, dispositions, financing as well as an emphasis on condominium and sub-division development.
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