Hamilton has roughly 4,200 purpose-built rental units under construction, about 1,400 of them scheduled to open in 2026, one of the deepest rental pipelines in Ontario outside Toronto. Terrahills delivers purpose-built rental and multi-residential buildings in Hamilton under one contract, structured for CMHC MLI Select from the first feasibility run.
Purpose-built rental is the main driver of Ontario housing starts in 2026 while condominium pre-sales stay weak, and Hamilton's combination of LRT investment, a downtown that is filling in, and land that is still cheaper than the western GTA has made it a target for exactly that product. Published 2026 Ontario cost benchmarks put GTA apartments up to 12 storeys at $245–$390 per square foot hard cost; Hamilton typically prices inside that band.
CMHC MLI Select is what makes the capital stack work. Up to 95% loan-to-cost and amortizations to 50 years for projects scoring highest on affordability, energy efficiency and accessibility. Those points are earned in design and proven in construction documentation, which is why we structure the project for MLI Select at feasibility rather than retrofitting the paperwork at the end.
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
Pickering waterfront townhouse development: 50-unit land planning advisory, $18M transaction, 2021. Current engagement: planning services for a 20-storey apartment building, London ON.