Barrie is one of the fastest-growing cities in Ontario and the rental market has not kept pace: GO rail extension, Highway 400 commuting and a growing local employment base have pushed demand for purpose-built rental well beyond what exists. Terrahills is headquartered in Ramara and delivers multi-residential buildings across Simcoe County under one contract, structured for CMHC MLI Select.
The county's growth plan directs density to Barrie, Orillia, Innisfil, Bradford and the settlement areas along the 400 corridor, and each of those municipalities has intensification targets that purpose-built rental is well placed to meet. What differs from the GTA is land cost and servicing: land is cheaper, but municipal water and sewer allocation is finite and is assigned at site plan, not assumed.
CMHC MLI Select and the Rental Construction Financing Initiative are how these projects close. We have direct experience structuring projects under both, including the affordability, energy-efficiency and accessibility streams, and managing the construction documentation the lender needs through the build. On our home ground that comes with the municipal relationships and the trade base to match.
What it costs here
published 2026 Ontario construction cost benchmarks, GTA hard costs: apartments and condominiums up to 12 storeys $245–$390/sq ft. CMHC MLI Select insured financing reaches up to 95% loan-to-cost with amortizations to 50 years for projects scoring highest on affordability, accessibility and energy. Hard costs only.
Proof of delivery
Headquartered in Ramara, Simcoe County. Pickering waterfront townhouse development: 50-unit land planning advisory, 2021. Direct experience structuring projects under CMHC MLI Select and RCFI.