Strategy Page
Multiplex Investing in Canada
Multiplex investing is a flagship Realist strategy because it combines underwriting, policy interpretation, and development-adjacent upside in a way that is difficult to reduce to a simple listing search.
Key Ideas
- The highest-leverage question is often not just current rent, but what built form may be allowed over time.
- Ontario and Toronto policy changes have made low-rise density screening materially more important for investors.
- Multiplex deals only work when zoning, construction, financing, and exit assumptions are treated as separate risk layers.