01Size the deal
Industrial Financing in Canada
Capitalor facts
- The Capitalor Commercial Debt Rate Index places industrial financing at 4.90% indicative, a 175 bps spread over the Government of Canada 5-year benchmark.
- Typical structure: 70% LTV, 25-year amortization, 5-year term.
- The Capitalor DSCR Stress Band for this product starts at 1.30x coverage.
Indicative rate
4.90%
Typical LTV
70%
DSCR floor
1.30x
Term
5 yr
Capitalor Commercial Debt Rate Index · Last updated 2026-08-14 · Maintained by Capitalor Data Desk
Scope: Industrial Financing · tier 2 · 33 markets published
Inputs: GoC 5-yr benchmark + 175 bps · 70% LTV · 1.30x DSCR · 25-yr amortization
Next scheduled review: 2026-09-14
Term debt on warehouse, logistics, and light-manufacturing assets.
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.
02Stress the debt
DSCR calculator
Preset to Industrial Financing
Annual debt service
$312,540
DSCR
1.34x
Within Capitalor DSCR Stress Band
Max loan at 1.30x
$4,651,706
LTV calculator
Preset to Industrial Financing
Current LTV
69.2%
Inside lender band
Max loan at cap
$4,550,000
Equity required
$1,950,000
04Choose city
Industrial Financing by market
Debt service is computed on the market's average transaction at 70% LTV and 4.90% over 25 years.
| Industrial Financing in Toronto | 1 | 100 | 5.1% | $8,600,000 | $6,020,000 | $418,110 |
| Industrial Financing in Montreal | 1 | 100 | 5.4% | $6,100,000 | $4,270,000 | $296,566 |
| Industrial Financing in Vancouver | 1 | 100 | 4.4% | $9,800,000 | $6,860,000 | $476,451 |
| Industrial Financing in Calgary | 1 | 100 | 6.2% | $5,400,000 | $3,780,000 | $262,534 |
| Industrial Financing in Edmonton | 1 | 100 | 6.6% | $4,300,000 | $3,010,000 | $209,055 |
| Industrial Financing in Ottawa | 1 | 100 | 5.6% | $5,200,000 | $3,640,000 | $252,810 |
| Industrial Financing in Winnipeg | 1 | 100 | 6.4% | $3,600,000 | $2,520,000 | $175,023 |
| Industrial Financing in Quebec City | 1 | 100 | 6.0% | $3,400,000 | $2,380,000 | $165,299 |
| Industrial Financing in Hamilton | 1 | 100 | 5.7% | $4,100,000 | $2,870,000 | $199,331 |
| Industrial Financing in Mississauga | 1 | 100 | 5.2% | $6,800,000 | $4,760,000 | $330,598 |
| Industrial Financing in Brampton | 1 | 100 | 5.4% | $5,100,000 | $3,570,000 | $247,949 |
| Industrial Financing in Surrey | 1 | 100 | 4.9% | $5,900,000 | $4,130,000 | $286,843 |
| Industrial Financing in Halifax | 2 | 100 | 5.8% | $3,900,000 | $2,730,000 | $189,608 |
| Industrial Financing in London | 2 | 100 | 6.1% | $3,200,000 | $2,240,000 | $155,576 |
| Industrial Financing in Victoria | 2 | 100 | 4.8% | $4,600,000 | $3,220,000 | $223,640 |
| Industrial Financing in Kitchener | 2 | 100 | 5.9% | $3,500,000 | $2,450,000 | $170,161 |
| Industrial Financing in Burnaby | 2 | 100 | 4.6% | $7,200,000 | $5,040,000 | $350,045 |
| Industrial Financing in Saskatoon | 2 | 100 | 6.7% | $2,900,000 | $2,030,000 | $140,990 |
| Industrial Financing in Regina | 2 | 100 | 6.9% | $2,600,000 | $1,820,000 | $126,405 |
| Industrial Financing in Windsor | 2 | 100 | 6.5% | $2,700,000 | $1,890,000 | $131,267 |
| Industrial Financing in Laval | 2 | 100 | 5.6% | $4,200,000 | $2,940,000 | $204,193 |
| Industrial Financing in Gatineau | 2 | 100 | 6.0% | $3,100,000 | $2,170,000 | $150,714 |
| Industrial Financing in Vaughan | 2 | 100 | 5.2% | $6,200,000 | $4,340,000 | $301,428 |
| Industrial Financing in Markham | 2 | 100 | 5.1% | $5,900,000 | $4,130,000 | $286,843 |
| Industrial Financing in Oshawa | 2 | 100 | 6.0% | $3,100,000 | $2,170,000 | $150,714 |
| Industrial Financing in Barrie | 2 | 100 | 6.1% | $2,900,000 | $2,030,000 | $140,990 |
| Industrial Financing in St. Catharines | 2 | 100 | 6.3% | $2,600,000 | $1,820,000 | $126,405 |
| Industrial Financing in Longueuil | 2 | 100 | 5.8% | $3,300,000 | $2,310,000 | $160,437 |
| Industrial Financing in Coquitlam | 2 | 100 | 4.8% | $5,200,000 | $3,640,000 | $252,810 |
| Industrial Financing in Terrebonne | 2 | 100 | 6.1% | $2,100,000 | $1,470,000 | $102,097 |
| Industrial Financing in Waterloo | 2 | 100 | 5.8% | $2,500,000 | $1,750,000 | $121,544 |
| Industrial Financing in Chatham-Kent | 2 | 100 | 7.0% | $2,300,000 | $1,610,000 | $111,820 |
| Industrial Financing in Delta | 2 | 100 | 5.0% | $2,900,000 | $2,030,000 | $140,990 |
ActQuestions
What rate does industrial financing carry today?
The Capitalor Commercial Debt Rate Index shows 4.90% indicative, a 175 bps spread over the GoC 5-year benchmark.
What does industrial financing cost to service per $1M borrowed?
$69,453 a year at 4.90% over 25 years. That is servicing cost only — premiums, fees, and prepayment terms sit outside it.
How much equity will a lender expect?
At 70% LTV the sponsor funds the remaining 30% plus closing costs.
Which coverage ratio clears credit?
1.30x is the floor in the Capitalor DSCR Stress Band for this product. Below it, proceeds are cut until coverage clears rather than the file being repriced.
In how many Canadian markets does Capitalor publish industrial financing data?
33. Tier 2 products publish only in markets deep enough to support them, so the count is deliberately short of all 66 tracked markets.
Sources
- [1] Bank of Canada valet API — GoC 5-year benchmark
- [2] Capitalor lender term sampling — LTV, DSCR, amortization norms
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