Same $770K equity. Two very different decades.
In Ottawa today, roughly the same equity cheque buys a 1970s walk-up — or nearly twice the asset, brand new, with the entire 2023–26 incentive stack behind it. We published the numbers so you and your advisors can check them.
Ten years, levered, pre-tax — deliberately conservative.
- ≈ 10.3%illustrative IRR — build new 8-unit rental
- ≈ 6.6%illustrative IRR — buy a 1975 walk-up
- ≈ $548,000more ten-year proceeds on the same cheque
- $0 HST≈ $480,000 rebated on a qualifying new 8-unit
Illustrative 8-unit Ottawa case · rents at market comps, 3% vacancy, lender-sized debt · not investment advice · conditions apply. Assumptions and sources: the memorandum below. The six-unit case on our Income Properties page answers a different question — the efficiency premium — on its own stated assumptions.
The one-pager.
The whole argument on one page — the two paths, the incentive stack, the sensitivity table, and the three conditions that must hold before building makes sense at all.
The 20-page Investment Memorandum.
Every figure traced to a cited program or a stated assumption: the policy stack, the development spread, sensitivity one variable at a time, the assumption-validation matrix, and the risks stated plainly. Enter your name and email and the memorandum is sent to you directly.
The companion Excel model — development budget, amortization, IRR engine, every sensitivity — is available on request after an initial conversation.
The two-week feasibility screen.
For a specific site or acquisition: a comparable-rent study, a QS-benchmarked cost model, an MLI Select financing pre-screen, and a one-page go/no-go memo. If it doesn’t pencil, that answer costs two weeks instead of two years.
This page is marketing and general information, not investment, legal, tax, or lending advice. All figures are illustrative, built on conservative stated assumptions; program terms change — confirm with CMHC, CRA, Ontario and your advisors. My Home Builders provides construction management services and has a commercial interest in new construction proceeding.