This press release includes forward-looking information based on assumptions and is subject to various risks and uncertainties, as noted in the cautionary statement within this release.
TORONTO, January 07, 2026–(BUSINESS WIRE)–DREAM IMPACT TRUST (TSX: MPCT. UN) (“Dream Impact”, “we”, “our” or the “Trust”) is sharing a general update regarding our liquidity, development progress, and strategic initiatives.
In the past 90 days, we’ve made considerable strides in advancing our business plan while preserving and increasing value for the Trust.
Strategic Business Plan
Our board of trustees has approved a five-year strategic plan that concentrates on developing our two key projects: 49 Ontario and Quayside. We’re also continuing work on Zibi and Brightwater. This plan aims to realize value from nearly all of the Trust’s commercial assets and passive investments while selling some multi-family assets when necessary for liquidity. By 2030, we aim for the Trust to own around 2,300 residential rental units (at share), with approximately 90% of our value coming from multi-family properties. About 72% of our debt will be tied to CMHC Affordable Construction Loan Program (“ACLP”) financing, with another 9% being MLI Select CMHC financing. These CMHC loans are beneficial because they usually come with long terms and government insurance that aid refinancing.
“In 2025, we made great headway in enhancing the Trust’s value. Following our business plan, we anticipate having a portfolio that is 90% multi-family in Toronto and the National Capital Region by 2030 with stable government financing at low costs and one of the most appealing multi-family rental portfolios available,” said Michael Cooper, Portfolio Manager. “We’ve started construction at 49 Ontario using affordable long-term financing, made significant advances on Quayside’s pre-development phase, greatly improved occupancy rates in our newly finished purpose-built rentals, significantly decreased our land debt, and secured long-term corporate debt which puts us in a better position as we close out 2025. We look forward to building upon this momentum throughout 2026.”
49 Ontario
49 Ontario consists of a two-tower rental project featuring a total of 1,226 units including 308 affordable apartments. Demolition began on-site last November; we’ve now finalized government-affiliated financing with a locked-in term of twenty years.
On January 5th, we successfully sold a ten percent interest in this project to Centre Court-our co-developer and long-term partner-who will also manage construction efforts. Centre Court’s solid history of delivering quality residential developments efficiently enhances execution certainty while aligning long-term goals across our partnership.
With several elements now aligned for development success, we’re eager to highlight our achievements thus far. We’ve taken advantage of federal government’s HST waiver for apartment projects along with the City of Toronto’s waiver on development fees related to select affordable housing under its Rental Housing Supply Program. So far, tendering processes have shown promising pricing trends that make us optimistic about realizing significant savings on this project.
49 Ontario represents an important investment for us that’s strategically de-risked. Despite rising interest rates over three years, the project’s twenty-year loan substantially reduces both financing and refinancing risk since no refinancing is required until after forty-six years from now; additionally it’s expected that loan principal will decrease by about thirteen percent during this period. If annual rent grows at just two point five percent-which is below historical averages-we foresee net operating income rising around sixty-three percent through the life cycle of this loan duration combined with principal reductions which together should lead toward lower ratios upon maturity thereby facilitating future refinancing needs.
Although construction expenses along with waivers are set fixtures moving forward; current declines in rents aren’t permanent factors influencing market conditions adversely influenced by reduced immigration coupled alongside new condo supply boosting availability-the forecast indicates upcoming significant decreases concerning additional multifamily unit production throughout Toronto over ensuing years ahead.
After selling that ten percent stake valued at six point five million dollars-the remaining equity worth fifty-eight point five million dollars allows us recovery totaling four point nine million dollars covering previous development expenditures incurred priorly associated here too-plus there’s extra land available outside immediate site demands slated for sale next year!
“Thanks largely due support received via federal/provincial agencies plus municipalities like City Of Toronto allows us strong positioning moving forward against hurdles faced,” mentioned Michael Cooper again citing substantial savings achieved throughout these processes counterbalancing present lower yield rates expected considering condo cycles ending soon returning historic immigration growth patterns; thus paving ways into favorable rent environments during new builds providing returns eventually benefiting unit holders while contributing local transit-accessible homes featuring over three hundred added affordable ones,” stated him once more reflecting optimism about prospects surrounding these initiatives collectively reinforcing shared objectives.”
The Next Step Is Closer Than Ever
A New Approach To Community Development In Quayside
“We’re progressing steadily towards launching Quayside,” he continued excitedly noting timelines may differ slightly but anticipate delays won’t surpass nine months behind earlier timelines initially set forth targeting approvals wrapped up soon alongside negotiations advancing daily too! Also anticipated benefits here include accessing HST waivers/development charge reductions similarly afforded those experienced within ongoing developments occurring nearby like mentioned before.” He further elaborated adding how waterfront located two-tower scheme known simply dubbed ‘Quayside’ poised attractively southward Distillery District embodies rich potential comprising exceeding thousand mark lots provided under Public Private Partnership frameworks arranged collaboratively entre Waterfront Toronto/City itself focused primarily ensuring establishment additional market rate spaces incorporating upholding hundreds allotments earmarked specifically designed remain affordable housing uniquely managed separately outside regular holdings controlled exclusively belonging only MPCT representing ownership approximating quarter size overall allocation rightfully offered.” He plans keeping investors updated regularly so expect meaningful news filtering through over next ninety days ahead!”
“Reducing Land Loans Fast”
“Beginning back early part last year tracked amount owed directly correlating land loans totaled staggering $237 million adjusted pro-rata percentages related specifically earmarked undeveloped plots already awaiting proper launch phases designated haven’t launched yet till recently saw number brought down hitting $144 million level,” he recounted recounting gains established during transition periods unfolding late into beginning phases underway wrapping expansion plans outlined previously revealed earlier discussions recently updated reflecting modest projections looking towards full reductions reaching projected levels nearing thresholds bringing totals estimated final outcomes down near $87M found mainly involving Lakeshore East/Forma West respectively!”
“Upgrading Financing Terms Recently Announced For Dream”
“Latest communication highlighted enhanced arrangements executed extending existing financial support process securing larger borrowing capacity set original amount valued fifteen million expanded further accommodating higher sums potentially climbing upwards fifty altogether yielding competitive interests equalized against prevailing Canadian Overnight Repo Rate standards guaranteeing timely access funding avenues structured thoroughly protecting valuable asset bases maintained diligently monitored proactively nurturing continuing growth trajectories setting best practices maintaining compliance regarding lending obligations responsibly discharged continuously alongside unlocking potentials yieldable returns anticipated future profitability improvements arising stemming alignments orchestrated!”
The Future Of Management Fees Remains Bright Ahead Too!
“Since inception management compensation agreements laid out establish effectively utilized shares avoid cash settlements traditionally used prior expired end-of-last-calendar cycle concluded December thirty-first allowing fresh approaches evolve adjusting accordingly per mutual understanding reach agreements amongst stakeholders suitably addressing changing dynamics according necessary TSX regulations encompassing regulatory considerations meeting standard governing bodies rules expectations confirmed broadly adhered subsequently documented thoroughly presenting relevant data delineated forthcoming annual general meetings circulars aligning accurately discerning respective priorities assessing objectives jointly serving pursuit commonality shared interests across parties jointly collaborating!”
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