I’m Sahil Bharmal — a real estate finance professional based in the Greater Toronto Area. I’ve spent my career building the financial models that decide whether Ontario development projects get built. Real Estate Analyst is where I make that expertise available directly.
The short version
For the better part of a decade I’ve worked inside Ontario’s development industry — building pro formas, running tender processes, and underwriting deals for some of the province’s most active builders and institutional developers. I’ve seen how the numbers actually come together on low-rise, mid-rise, and high-rise residential projects, and how often the templates floating around online get the Canadian inputs wrong.
Real Estate Analyst exists to fix that. Every model and every piece of advice here is built on real Ontario data — development charges, CMHC financing, GTA construction costs — by someone who uses these numbers in his day job. Whether you need a template you can run yourself or a second set of eyes on a live deal, the goal is the same: give Ontario developers and investors analysis they can actually trust.
Where I’ve worked
- York University Development Corporation — Senior Investment & Development Analyst (current). Financial modelling, acquisition underwriting, and investment committee memos for a 15M+ sq ft campus development portfolio.
- Empire Communities — Senior Procurement Analyst. Cost modelling and full tender management on large-scale low-rise master-planned communities across the GTA.
- Minto Group — Financial Analyst. Pro formas for residential and mixed-use projects, joint-venture reporting, and construction draw management.
- Percel Inc. — Financial Analyst. Hospitality and real estate modelling, including valuation work alongside CBRE.
Education
- BCom, Real Estate Management — Ted Rogers School of Management (TMU)
- MSc, Sustainable Development — University of Sussex
- Low Carbon GBC Course — REALPAC / CaGBC
What I believe
- Most pro forma templates fail Canadian developers because they’re built on US assumptions. Development charges and CMHC programs aren’t edge cases — they make or break Ontario deals.
- Good analysis should be accessible. You shouldn’t need a full-time analyst or institutional consulting rates to get a deal modelled properly.
- Sustainability and financial performance aren’t opposites. Done right, they’re the same conversation.
The details
Real Estate Analyst operates through 1000208519 Ontario Inc., an Ontario corporation. HST registered.