🏗️ The Multiplex Gold Rush—and Rising Mortgage Arrears Beneath It

▶️This month’s roundtable digs into a shifting housing market narrative—one where the spotlight is quietly moving away from pre-construction condos and toward a surge in multiplex development across Canada. Fueled by highly leveraged, government-backed financing through Canada Mortgage and Housing Corporation programs like MLI Select, multiplex projects are emerging as the new “pre-con”—offering attractive returns on paper, but carrying real risks if rents, costs, or timelines don’t hold. We unpack why this boom is happening now, who’s building, and whether this model is sustainable—or just the latest cycle of risk masked by easy credit. ▶️At the same time, cracks are forming beneath the surface. Mortgage arrears are rising across Canada, a signal that higher interest rates and affordability pressures are starting to bite. We connect this trend to broader financial conditions, including rising bond yields, and what that means for borrowers, investors, and housing demand in both Toronto and Vancouver. While home sales remain subdued in both markets, the underlying story is increasingly about financial stress and shifting incentives—not just supply and demand. Timestamps: 00:00 Intro 00:51 On The Ground 09:32 BOC Announcement 16:00 Fixed or Variable 19:44 Mortgage Arrears 28:27 Defaulting: A Good Idea? 36:03 Vancouver Assignment Sales 38:12 Multiplexes 43:53 Citizen Developer 46:12 Multiplex Risk Contact & Follow: 👉Follow John Pasalis on X/Twitter: @JohnPasalis | Email: [email protected] 👉Follow Steve Saretsky on X/Twitter: @SteveSaretsky | Email: [email protected] 👉Follow David Larock on X/Twitter: @Dave_at_IMP | Email: [email protected] Watch this episode on the Move Smartly YouTube channel:    / movesmartly   If you enjoy the show, please like, subscribe, share, review, and comment - your support helps us reach more listeners🙌!