Multi-family Rental Unit
Fuji presents a strategic investment opportunity at a pivotalmoment in the real estate market, capitalizing on recent policy changes thatenable the conversion of single-family homes into multiplexes with gardensuites.
The Problem
With unprecedent influx of population to our country, coupled with construction start at
historically low for the past 2 years, there is a national crisis on affordable livings for
Canadians more than any other time. Providing quick & cost-efficient rental units to the
market is critical to weather this storm.
The Solution
Fuji presents an opportunity to convert single homes into multi-family rental units
within 2 years, in comparing to traditional rental projects take about 5 years from
beginning to completion.
The Policieses
CMHC Finance
Up to 95% loan to value with maximum 50 years amortization with lower than marketinterest rate for newly built qualified rentals.
Multiplex & Garden suite on a single home lot
On May 10, 2023 City of Toronto permitted that one can covert a single home lot into a
fourplex plus a garden suite, which in total 5 rental units with no site plan approval
requirement. The city is planning to allow even more units from a single lot sometime
2024.
Removal of HST on New Built Rental
By November 2023, Both federal and province removed the full hst on newly built rentals
commencing from Sep 14, 2023.
