MCAP Blog

Whether your project is big or small, one thing that can help give you confidence as you take on a new construction project is creating a budget. With a budget, you’re able to plan for your expenses, forecast when funds will be needed throughout the timeline of your project, and you’re less likely to overspend. A detailed budget also demonstrates to potential lenders that your project is well thought out, giving them a sense of assurance to provide the financing you need to complete your project.

Whether you’re an investor looking to develop a property, or a prospective buyer exploring housing options, zoning by-laws can play a large role in what you decide to build, buy, or develop. In this blog, we’ll explore what you need to know about zoning by-laws and how they can impact property value.

The demand for housing in Canada is high, and only expected to increase in the coming years. While the market presents exceptional opportunity for developers, it’s important that some caution be exercised when approaching construction projects – especially large developments. After all, things can shift quickly in the lives of buyers, and a change of heart or financial situation could leave builders with unexpected unsold units.

MCAP has a long history of partnership with Lamb Development Corp., with 15 construction deals between them. Lamb Developments was founded in 2001 by Toronto’s top condominium broker Brad J. Lamb, who wished to develop stylish, urban condominium projects in Canada’s city centres. Since then, Lamb has completed 19 developments, building approximately 3400 suites in properties across the country. Today, they have projects underway in Toronto, Hamilton, and Mississauga and are one of the busiest development companies in Canada.

Michael Misener has been with MCAP on and off for the past 25+ years, breaking once to take a position as Chief Investment Officer with one of MCAP’s partners, MCAN Mortgage Corporation and then again to lead a small bank as President and CEO. Having grown up in development finance and enriched his expertise with executive experiences, Michael is considered a true subject matter expert and leader in construction financing.