BLD Financial Podcast
The BLD Financial Podcast brings you inside the conversations shaping Canada’s housing and development landscape.
Hosted by Josh Findlay and Ehren Laycock, two of Canada’s top commercial mortgage brokers, the show features long-form interviews with investors, developers, policymakers, and industry leaders operating at the highest level.
Each episode breaks down how deals are structured, how financing actually gets done, and how major projects move from concept to completion.
From capital and lending to housing policy, urban economics, and entrepreneurship, this is where real estate meets the real world.
Whether you’re an investor, builder, or simply trying to understand where the market is heading, this podcast gives you direct insight from the people making decisions at scale.
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BLD Financial Podcast
CMHC Just Changed Everything for Multifamily Investors... | Finance Friday Ep. 01
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Rental housing financing is changing... and CMHC just made another round of updates that multifamily investors and developers need to understand.
Welcome to Finance Friday, a special series within the BLD Financial Podcast. In these shorter episodes, Josh and Ehren break down timely developments in commercial real estate finance, lending, underwriting, and investing, giving Canadian investors practical insights they can apply in today's market.
In this episode we break down the latest CMHC policy changes and explain how they could impact your next multifamily acquisition or development project.
From benchmark expense increases to new modular construction guidance, these changes could affect your underwriting, loan sizing, and overall project viability.
They cover:
✅ New CMHC benchmark expense changes for wood frame and concrete buildings
✅ How the updated expense benchmarks impact loan sizing and debt service coverage
✅ Changes to Prairie Province benchmark expenses
✅ New guidance surrounding modular and prefab construction financing
✅ Property tax administration changes for CMHC-insured loans
✅ Updated financial review requirements for loans under $5M
✅ Why CMHC is increasing compliance enforcement on affordability and accessibility covenants
✅ How benchmark expenses impact appraisals and underwriting
✅ What multifamily investors and developers need to know moving forward
If you're a Canadian real estate investor, developer, broker, or multifamily operator, understanding these latest CMHC changes is critical in today's market.
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DLC National License: 12360