Glenlake Investor Update August 2025
Dear Investors
We have very exciting news to share that the Glenlake Development team has been working on for many months. The following press release announcement, summarized below, was issued on Wednesday of this week (The link to the press release follows):
North America Home Finance Inc. Announces that Glenlake Highview Development LP (a related party) Received Approval of a $102 Million CMHC-Certificate of Insurance for Phase 1 Development of the Glenlake Project
Vancouver, B.C. – April 17, 2026 – North America Home Finance Inc. (CSE: NAHF and NAHF.WT) (“NAHF” or the “Company”) a Canadian residential real estate finance and investment company pioneering shared-equity homeownership solutions, today announced that Glenlake Highview Development LP (a related party) received a $102.4 million construction financing Certificate of Insurance for phase 1 of the Glenlake Highview Development project (the “Glenlake Project”).
The Certificate of Insurance is for a CMHC-insured first mortgage construction loan, previously disclosed in NAHF’s prospectus, supporting the development of a large-scale residential housing project in Greater Victoria, British Columbia. The company received the CMHC approval on April 16, 2026, and is awaiting the financing commitment from the lender.
The financing structure includes a gross loan amount of approximately $102.4 million, comprised of a $99.5 million net loan amount plus insurance premium and fees, under the CMHC MLI Select program, reflecting both energy efficiency and affordability criteria.
NAHF, through the NAHF Real Estate Trust, signed an option agreement to purchase a minimum of 40% of the units in phase 1 of the Glenlake Project. The Glenlake Project is being developed by Glenlake Highview Development Limited Partnership.
As described in the press release, we are now looking for the final financing commitment to come from the lender, incorporating the terms of the COI, and we will be updating everyone when that has been received.
We don’t believe this should take more than a few weeks for the lender to turn around the commitment, and once provided to us, we will share a full update with planned timelines and strategy going forward.
Sincerely,
The NAHF Team
Immigration + Housing Demand: Linking Canada's changing immigration targets to real estate opportunity
We hope you had a chance to join us — but if you missed it, the recording is now available.
We were pleased to welcome Meika Lalonde, B.A., LL.B., Partner at McCrea Immigration Law, for an in-depth look at Canada’s most recent Immigration Levels Plan and what it means for housing in British Columbia.
With immigration policy shifting and long-term settlement patterns evolving, understanding the numbers behind newcomer arrivals is increasingly essential for real estate investors and developers.
In this session, Meika and Kyle covered:
- Federal immigration targets for 2026–2028
- Regional settlement trends across British Columbia
- How anticipated population flows are shaping housing demand
- What this means for acquisition opportunities and rental market positioning
- Construction costs and the cost of not starting to build now
Whether you’re tracking where capital should be deployed, evaluating rental demand, or simply trying to get ahead of where the market is headed — this is a conversation worth your time.
As always, feel free to reach out with any questions.
Sincerely,
The NAHF Team
North America Home Finance Inc. Financial Results for the Second Quarter Ended December 31, 2025
“NAHF” or the “Company“), a Canadian residential real estate finance and asset development company pioneering shared-equity homeownership solutions, today announced its financial results for the three and six months ended December 31, 2025.
Please see the link below for the press release with more details.
https://www.newsfilecorp.com/release/286018
Sincerely,
The NAHF Team
Common shares will begin trading February 26
The IPO was completed today, February 25, 2026, and the common shares will begin trading February 26, 2026 on the CSE under the symbol “NAHF”.
Please see the link below for the press release with more details.
https://www.newsfilecorp.com/release/285267/North-America-Home-Finance-Inc.-Completes-Initial-Public-Offering-and-Lists-on-the-Canadian-Securities-Exchange-Under-Ticker-Symbol-NAHF
Sincerely,
The NAHF Team
Initial Public Offering
Announcement
North America Home Finance Inc. has significant news to share
The Company has obtained a receipt for the Final Prospectus for its Initial Public Offering
As a shareholder, we will be providing more information prior to February 25th, 2026, on what to expect with your shares and how to have them deposited into an investment account.
For more details on yesterday’s announcement, please click on the links below to see the press release and the final prospectus.
Press Release issued February 13, 2026:
Final Prospectus:
Sincerely,
The NAHF Team
Smart Condos Come To Kelowna At Five Crossings
According to a housing supply report released by Scotiabank in May 2021, Canada is suffering from a “chronic inefficiency”, offering a mere 424 units per 1000 residents, the fewest compared against all other G7 nations. This November, Kim Heizmann, President of the Association of Interior REALTORS®, commented in a monthly report that “demand is still strong despite chronically low supply” and the “lack of new listings has really become the main theme of the year.”
Millennial Developments is bringing a new project to Kelowna specifically created to add much-needed inventory to the city with our latest development, Five Crossings. This studio, one and two-bedroom condo development will offer prices starting in the mid-$200,000s, a price tag that will be appealing to first time homeowners looking to get a foothold into the booming local real estate market, which in November saw single-family homes selling at a benchmark of $961,600 and condos at $477,700.
Five Crossings is centrally located in the Capri-Landmark district, and this development of smart suites and space-efficient homes has been designed with the needs and wants of today’s younger buyer in mind. Millennials tend to hold “quality over quantity” values, engrained in heightened eco-awareness and in a changed approach to how they view work/life balance. The pandemic further encouraged this lifestyle preference, with Semrush, a trend-monitoring software firm, reporting a 55% increase in online searches for smaller space homes in Canada last year.
But smaller spaces don’t mean less lifestyle for residents at Five Crossings, with amenities spaces that have been carefully considered, with resident facilities that encourage living beyond one’s four walls including a recreational space with a pool table, golf simulator, a stage for karaoke nights, a projection television for screening movies or sports events, and a communal kitchen and bar, as well as a large co-workspace and tech-friendly features, a cutting-edge gym with Peloton equipment, community garden and park space, and a rooftop lounge with covered atrium, outdoor barbeque center, and yoga platform. The project is slated for sales launch in Spring 2022 and open for investment through the Five Bridges Development Project with North America Home Finance.
