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Commercial financing in St. Catharines, ON
Capitalor facts
- St. Catharines scores 100 on the Capitalor Lender Density Score — 36 of 134 Canadian markets tracked.
- The cap-rate seed for St. Catharines is 6.3%, anchoring value on income.
- The average tracked commercial transaction in St. Catharines is $2,600,000.
Tier
2
Lenders
23
Observed
Density score
100
Rank 36 of 134
Avg deal size
$2,600,000
Baseline seed
Benchmark: GoC 5-year at 4.45% — observed from the Bank of Canada Valet API on 2026-08-12. Cap rate 6.3% (baseline seed).
Capitalor Commercial Debt Rate Index · Last updated 2026-08-16 · Maintained by Capitalor Data Desk
Scope: St. Catharines, ON · tier 2 · 10 products published
Inputs: 16 lenders · 4,000 buildings · 6.3% cap seed · $2,600,000 avg deal
Next scheduled review: 2026-09-14
How competitive is St. Catharines for commercial debt?
16 tracked lenders serve 4,000 commercial buildings — one lender per 250 buildings, a density score of 100 and rank 36 of 134 nationally. On the $2,600,000 average deal, a conventional mortgage at 5.05% sizes to $1,820,000 once both the 70% LTV cap and the 1.25x coverage floor are applied.
St. Catharines is a tier 2 market in the Capitalor coverage set: 136,803 residents, 4,000 tracked commercial buildings, and 16 lenders and brokers observed writing paper here. That works out to one active lender for roughly every 250 commercial buildings, a Lender Density Score of 100 — 36 of 134 nationally and 17 of 46 within ON.
Pricing starts from value, and value starts from the 6.3% St. Catharines cap-rate seed — the 59th tightest of the 134 markets Capitalor tracks. Applied to the $2,600,000 average transaction, that implies about $163,800 of net operating income before financing.
Take the anchor case: a conventional commercial mortgage at 5.05% over 25 years. Seventy percent of the average St. Catharines deal is $1,820,000, costing $128,311 a year to service. Coverage at a 1.25x floor caps the same loan at $1,858,702, so on the typical St. Catharines file leverage is the binding constraint and the number to solve for first.
St. Catharines is a deep lender market. On well-covenanted paper you should collect at least three competing quotes; spread dispersion between the best and worst bid in a market this deep is usually worth more than any rate-timing decision. 10 of the Capitalor product set are published for St. Catharines.
How these figures were produced
- Observed — Recorded directly from the cited source series, unadjusted.
- Modelled — Derived arithmetically from observed inputs using the published method; not a market quote.
- Baseline seed — A documented starting estimate awaiting first observation. Treat as an order-of-magnitude figure only.
03Compare lenders
Capitalor Lender Density Score — St. Catharines
Active commercial lenders and brokers per 10,000 commercial buildings, indexed 0–100.
- Lenders tracked
- 23
- Observed
- Commercial buildings
- 4,000
02Stress the debt
Size a St. Catharines deal
Preset to the St. Catharines anchor case: $2,600,000 value, $163,800 implied NOI, 5.05% conventional pricing. Change any input to run your own file.
DSCR calculator
Preset to the St. Catharines anchor case
Annual debt service
$128,311
DSCR
1.28x
Within Capitalor DSCR Stress Band
Max loan at 1.25x
$1,858,702
LTV calculator
Preset to the St. Catharines average transaction
Current LTV
70.0%
Inside lender band
Max loan at cap
$1,820,000
Equity required
$780,000
Loan and NOI held constant. Where the curve crosses the floor line is the rate at which this deal stops covering its debt service.
01Size the deal
Products available in St. Catharines
Other ON markets
Questions about St. Catharines
How competitive is commercial lending in St. Catharines?
16 lenders and brokers are observed writing in St. Catharines against 4,000 commercial buildings — a Lender Density Score of 100, ranking 36 of 134 Canadian markets Capitalor tracks. That is a deep market.
What is a typical commercial deal size in St. Catharines?
$2,600,000 across the Capitalor transaction sample. At 70% leverage that is $1,820,000 of senior debt and $780,000 of equity before closing costs.
What cap rate should I use for St. Catharines?
The Capitalor St. Catharines seed is 6.3%, the 59th tightest of 134 tracked markets. It is a market-wide baseline, not an asset-level appraisal: adjust for asset class, vintage, lease term, and covenant before underwriting.
How much debt will St. Catharines NOI support?
On $163,800 of NOI at a 1.25x coverage floor and 5.05% over 25 years, coverage caps the loan at about $1,858,702. The 70% LTV test caps it at $1,820,000, so the binding number is $1,820,000.
Which financing products are available in St. Catharines?
10 products are published for St. Catharines under the tier 2 coverage rule. Tier 1 markets carry the full product set; tier 2 carries tier 1–2 products; tier 3 carries anchor products only, because Capitalor will not publish a page it cannot support with observations.
Are these St. Catharines numbers quotes?
No. They are indicative benchmarks published for comparison. Capitalor does not originate, broker, or place debt, and every figure must be confirmed with a licensed lender before you rely on it.
How often is the St. Catharines data refreshed?
Benchmark rate observations refresh each business day from Bank of Canada. The lender census refreshes monthly. Cap-rate and transaction seeds refresh quarterly. Revisions are appended, never overwritten, so prior observations stay auditable.
Sources
- [1] Statistics Canada — census of population — St. Catharines population base (136,803)
- [2] Capitalor lender census — 16 lenders and brokers observed writing in St. Catharines; refreshed monthly
- [3] Capitalor building inventory — 4,000 commercial buildings, the denominator of the Lender Density Score
- [4] Capitalor transaction sampling — St. Catharines average deal size $2,600,000 and 6.3% cap-rate seed
- [5] Bank of Canada — GoC 5yr series — Government of Canada 5-year benchmark bond yield used in the anchor pricing case
Not advice — Capitalor is a data publisher. We do not originate, broker, arrange, or place debt, and nothing here is an offer of credit, a quote, or financial advice. Figures are indicative benchmarks for comparison and must be confirmed with a licensed lender or mortgage professional before you rely on them. About Capitalor