Introduction to CMHC MLI Select: An Overview

The Canada Mortgage and Housing Corporation's (CMHC) MLI Select program is a specialized financial tool designed to promote the creation and preservation of affordable, accessible, and climate-compatible housing. This initiative is part of CMHC's broader mandate to ensure that every Canadian has a home that they can afford and that meets their needs.

The MLI Select program offers a unique proposition for investors and developers. It allows them to con...

Overview

While Toronto's condo market faces significant challenges, the situation in Ottawa presents a contrasting narrative of stability and resilience. The current state of Ottawa's condo market, comparing it with the recent struggles observed in Toronto.

Median Days on Market

One of the key indicators of market health is the median days on market for condo listings. In Ottawa, this figure has risen to 20 days, up from a mere 6 days in March 2022. Despite this increase, it suggests a market th...