Multifamily Market Screen
Four questions that catch a cooked OM before you spend on the appraisal.
A short gated screen of how LendCity™ reads cap rate, vacancy, and rent on Canadian apartment files. It is not a provincial data subscription.
Catch asking-rent OMs
If rents are not in-place, proceeds and DSCR move. The file makes you ask.
Vacancy honesty
Seller 2% vs CMA 4% + 0.5 pp is a different loan.
Assumption as a fifth question
An in-place CMHC mortgage can be the deal — if you ask.
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In-place rent roll
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Market vacancy
CMHC or CMA vacancy, then +0.5 pp for CMHC NOI.
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Expense benchmarks
Greater of trailing actuals vs CMHC regional bars.
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Cap rate
NOI ÷ price as a screen — confirm with the appraisal.
- Is this a cap-rate survey?
- No. It is a process guide for reading an OM the way we underwrite.
- Where do I get vacancy?
- CMHC or a comparable CMA. Then add 0.5 pp on a CMHC-normalized NOI.
Email to download
Name and email. We send the file and can follow up on the matching desk.