Canadian Multifamily Investors Blog

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Environmental Site Assessment - A must for multifamily financing!

esa Apr 07, 2024

When seeking financing for multifamily properties with five or more units, lenders and CMHC will inevitably request that the investor obtain a Phase 1 Environmental Site Assessment, ESA for short, to protect themselves against potential environmental contamination on the property's site. This interview covers the key process for obtaining an ESA and its content.



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"Every person who invests in well-selected real estate in a growing section of a prosperous community adopts the surest and safest method of becoming independent, for real estate is the basis of wealth.” - Theodore Roosevelt, U.S. president