The Antares-Nova Missing Middle Housing Fund is a high-impact real estate fund strategically focused on the evolving BC housing market. Our fund targets multiplex developments—bridging the gap between single-family homes and condominiums—to address the critical shortage of affordable housing. By investing in this underserved sector, we not only contribute to meeting regional housing needs but also offer substantial returns to our investors.
$25 Million
20% net to limited partners
Benefit from new BC zoning laws expanding our development potential
Coquitlam, BC, and surrounding Tri-Cities
3 years, closed-ended
Pre-identified projects ensure full capital deployment by fund closing
First-Mover Advantage
Coquitlam is a leading municipality in BC’s efforts to address the ‘missing middle’ housing shortage through its progressive Housing Choices Program. As early participants in this market, our first fund features investment into a portfolio of thoughtfully selected development projects in West Coquitlam. This area offers exceptional connectivity, with close proximity to the Burnaby border, downtown Vancouver, and expansive green spaces, making it an ideal location for sustainable urban living. Given the region’s strong growth trajectory and high demand for housing, we are well-positioned to capitalize on this opportunity, delivering substantial returns through thoughtfully executed, high-impact developments.
Strategic Focus and Execution
Our investment strategy offers the benefits of large-scale townhome projects while offering the flexibility of smaller, individual developments. This structure:
Favorable Market Conditions:
Interest Rate Tailwinds: Recent cuts to the Bank of Canada’s benchmark interest rate have lowered borrowing costs, boosting affordability and market activity. These favorable conditions enhance the outlook for multiplex developments.
Supportive Government Policies: Federal reforms such as the increased insured mortgage cap to $1.5M and the introduction of 30-year amortizations for first-time buyers directly benefit our target market of affordable, high-demand multiplex units.
West Coquitlam offers the ideal environment for Missing Middle Housing developments, with compelling advantages:
We take a proactive approach to minimize risk at every stage of the investment lifecycle:
Entitlement & Zoning: We have advanced many projects through entitlement processes, significantly reducing regulatory and zoning risks and optimizing time to market.
Construction Risk: By leveraging multiple contractors and holding a construction license, we ensure tight control over timelines and costs.
Market Risk: Focusing on high-demand, affordable housing types shields us from market volatility, ensuring stable absorption and a solid pipeline of buyers.
Financial Risk: Our short-term secured mortgage financing ensures efficient use of capital, reducing idle funds and optimizing returns.
With declining interest rates, supportive policies, and first-mover advantage, the Antares-Nova Missing Middle Housing Fund is uniquely positioned to deliver strong returns while minimizing risks. By investing now, you gain access to a robust, high-demand housing market with clear pathways to profitability.
