Canadian Home Sales Slide Down Slightly in August

Our take: August's sales dip is noise — what matters is that detached homes are losing momentum while you're still fighting multiple-offer bidding wars on solid rental stock in secondary markets; this is exactly the condition that rewards patient underwriters who can hold for 12-18 months before entering.

In your underwriting: Softer sales velocity reduces urgency to overpay on cap rate compression, allowing you to tighten rent growth assumptions and stress DSCR with lower-end occupancy while waiting for better entry pricing.