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For years, investors followed the same playbook: Buy a pre-construction condo. Wait. Refinance. Pull equity. Repeat. That strategy collapsed in 2024 and 2025. Payment shock crushed renewals. Assignments flooded the market. Condo fees and special assessments exploded. Cash flow went deeply negative — even on brand-new units. And refinancing stopped working entirely. In this video, I break down why the condo model failed — and what high-net-worth investors replaced it with heading into 2026. You’ll learn: Why pre-construction condos broke down structurally in 2025 How CMHC MLI Select changes the refinancing equation entirely Why DSCR-based underwriting outperforms personal income lending The new refinance loop wealthy investors are using instead of condos A real comparison between a failed Toronto condo and a CMHC-backed 6-plex The key difference isn’t the investor. It’s the financing model. Commercial multi-family backed by CMHC allows investors to control rents, expenses, value, and refinancing timelines — instead of relying on appreciation, HELOCs, or lender sentiment. If you want to stop relying on the old condo refinance cycle and start using a scalable commercial strategy, book a free strategy call below. I’ll walk you through how to structure a CMHC-backed refinancing plan that actually works. Website: https://dkwg.ca Join the Investor List: https://eepurl.com/i78pO- Instagram: / darren.kim.homes Facebook: / dk-wealth-growth-61570328653909 LinkedIn: / dk-wealth-growth 📧 darren@DKWG.ca ☎️ 647-467-2971