Multifamily M u l t i f a m i l y

Quebec multifamily financing: Montreal cap rates 4.5-5.5%, TAL base rent guideline 3.1% for 2026 under TAL's new simplified 3-component structure (base rent, personal services, capital expenditures). CMHC MLI available up to 85% LTV, 40-year amortization. Bill 31 impacts tenant rights. French documentation required. Focus on plexes 2-8 units. Strong tenant protections but stable cash flow.