Canadian Home Sales Climb Again in July

Our take: Broader market strength signals tighter inventory and rising buyer competition, which puts upward pressure on cap rates as sellers hold firm on pricing—pass on marginal deals unless your numbers assume further softening and you've locked in financing.

In your underwriting: Rising home prices and transaction velocity tighten cap rate assumptions and reduce vacancy buffers, requiring 150–200 bps higher stress rates in DSCR modeling to account for potential correction risk.