Welcome to the CRE podcast. 100% Canadian, 100% commercial real estate.
In this special episode of the Commercial Real Estate Podcast, hosts Aaron Cameron and Adam Powadiuk explore the evolving landscape of commercial real estate lending in Q1 2025. From CMHC’s shifting rental achievement requirements to construction financing strategies and Canada Mortgage Bond program changes. They break down key market trends, explain why retail lending is on the rise, how to structure blended financing, and what developers and investors need to know to navigate today’s tightening credit environment.
What you will learn:
- How CMHC’s rental achievement requirements are impacting construction loans
- Why the CMB program’s $60B annual capacity is creating funding constraints
- The key differences between 5-year and 10-year CMHC-insured mortgage spreads
- How to navigate ACLP, Market CMHC, Select, and Conventional
- Why retail has become the most attractive conventional lending product in 2025
- How to structure blended CMHC and conventional financing to overcome the rental achievement requirement
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