Our Story - Helio Urban Development

Our Story Est. 2019

Meet the People Who Stand Behind the 'No Nightmares' Promise

By now, you've likely seen how we tackle cost overruns and endless delays head-on. But who's actually behind Helio Urban Development? Let us introduce ourselves—two long-time friends and investors who got tired of cost-plus chaos and built a system to keep your budget locked. Below, see what drove us, what credentials we bring, and how we operate.

Lloyd, Yuan and family enjoying the Nova Scotia landscape they call home
Lloyd, Yuan and family enjoying the Nova Scotia landscape they call home

Lloyd & Yuan: The Duo Behind Helio

Complementary expertise for comprehensive property development

Lloyd

Finance & Project Management
  • Yale School of Management (Master's); Petroleum Engineering undergrad (Texas A&M)
  • Investment Banker at Merrill Lynch BOA Securities
  • Executed over $30M of real estate developments from concept to completion individually

"I've seen cost overruns sabotage countless deals and i have been burnt a few times by dishonest contractors. My mission is building iron-clad processes that eliminate surprises and deviations."

Investment Strategy Real Estate Development Financial Structuring
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Yuan

Data Science & Operations Expert
  • University of Pennsylvania (Master's), specialized in data & analytics
  • Data Scientist at ACUE, fueling Helio with advanced project scheduling
  • Acquired 100+ doors of multi-units in Nova Scotia.

"We unify each trade in-house and use AI-based scheduling to finish weeks faster. That's how you start collecting rent sooner—and skip the sub-layers that bloat budgets."

Advanced Data Analytics AI-Driven Scheduling Operational Efficiency
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What lead to Helio

Building Experience in Nova Scotia Real Estate

We're long-time friends, each with deep roots in Nova Scotia. We started investing in small multi-units like many, expecting stable returns. However, when we attempted to work with builders to develop new builds, we watched cost-plus contractors inflate budgets mid-project, sub-trades blame each other, and months of lost rental income.

Fed up, we pooled our Finance and Engineering background to forge a single-solution build team. We developed and constructed a number of Properties in Nova Scotia and Quebec mostly for resale.

However, something doesn't feel right....

Property development project

Our Wake-Up Call

Nova Scotia's Rapidly Shifting Rental Market

Nova Scotia's rental market is in crisis. With mid-market rents climbing over $1,500 in Halifax and rising quickly across the province, incomes barely keeping pace, and near-zero vacancy for units under $1,300, we're facing unprecedented pressure on the 'missing middle' of housing.

These metrics forced us to examine Homebuilder's Business Model and we conclude that the Current Approach Doesn't Work for Rental Housing Construction, It's too slow, too expensive, and too disconnected.

35%+
Cost-burdened renters in Nova Scotia
Source: CMHC
0.7%
Vacancy rate for affordable units
CMHC 2022
12%
Annual rent increase
NS rental market 2023

The below statistics reveal the core problem: while Nova Scotia has plenty of expensive new rentals and a handful of subsidized units, the middle market is critically underserved. This is exactly where Helio focuses—creating mid-market rentals that don't require the high rents of luxury buildings or government subsidies.

Nova Scotia housing market

The Missing Middle Housing Gap

Luxury Units
4,100+
New multi-unit starts in 2023
Middle-Market Units
Critically Low
The "Missing Middle"
Affordable Units
246
Non-profit units since 1996
Data compiled from Halifax Partnership Index 2024 and Turner Drake report

The Economics Behind the Missing Middle

Why Most New Construction Doesn't Serve the Middle Market

The lack of mid-market housing isn't just a supply issue—it's fundamentally an economic challenge. At current construction costs of $220+ per square foot, most new builds become financially unviable as middle-income rentals.

The 7% Rule
Breakeven Annual Rent ≈ 7% of Total Construction Cost
$300,000 unit × 7% = $21,000/year or $1,750/month to breakeven for the owner.

This creates a fundamental challenge: at these unit costs, Owners must charge rents that only high-income renters can afford—or operate at a loss. This explains why we see luxury apartments and subsidized housing, but very little in between.

The Affordability Gap

Approach
Construction Cost
Unit Cost
Breakeven to Market Rent
Traditional Construction
$220-250/sq ft
$220k-$250k ( 1,000 sq. ft)
$1,750-$2,300
Helio Approach
$170-190/sq ft
$136k-$152k ( 800 sq. ft)
$1,200-$1,450

The Impact of Space Efficiency

Total Unit Cost = Cost per Sq Ft × Unit Size

Too many properties were designed without concern over affordability. Wasted space such as foyer, hallway, directly increases construction costs and required rent but doesn't benefit the tenant yet features like ample storage, larger bathroom, parking are missing

200 sq ft
Space Saved
$45,000
Cost Reduction
$350/month
Rent Savings

By combining lower construction costs with space-efficient design, we create units that can profitably rent at prices the Nova Scotia missing middle can actually afford.

Efficient floorplan design
Optimized Layout Design
Same functionality in less space

Our Vision

Building a Nova Scotia Where Mid-Market is Never an Afterthought

We dream of a province where average earners—teachers, healthcare workers, local employees—never have to choose between overpriced towers or rundown older stock. Through small, cost-efficient multi-units, we believe Nova Scotia can flourish with stable rents that align with real incomes. No one should mortgage their future just to rent a decent apartment.

That's why we streamlined the build process—locking costs, eliminating sub-trade markups, and slashing timelines—so mid-market rentals can genuinely pencil out. Our vision isn't luxury for a few, but a robust missing middle that supports Nova Scotia's growth and preserves local affordability.

Helio's Two-Fold Solution

Lowering Construction Costs

  • In-house trade coordination eliminates markup layers
  • Standardized designs reduce architectural costs
  • Efficient scheduling minimizes carrying costs
  • Strategic material choices maintain quality at lower cost

Efficient Unit Design

  • Elimination of wasted hallway and circulation space
  • Multi-purpose areas that serve dual functions
  • Right-sized rooms based on actual usage patterns
  • Built-in storage to maximize livable space

The Missing Middle Housing Types

🏠
Single-Family
🏠🏠
Duplexes
🏘️
Triplexes
🏘️
Townhouses
🏢
Low-Rise Apts
🏙️
Mid/High-Rise
The "Missing Middle" Housing Types
Concept adapted from Halifax Regional Municipal Planning Strategy

Our Track Record

$6M in Active Projects, 26+ Multi-Units Built, Zero Surprise Bills

50
M+
Total Real Estate Acquisitions & Developments
26
+
Multi-Unit Projects Completed
0
Cost Overruns for Clients
3
Successful NS-Based Ventures

Synergy Across Sister Companies

We also operate two other successful Nova Scotia-based ventures, each powered by data-driven efficiency. This cross-experience helps us optimize design, timelines, and final rental performance.

Driven By Values

Transparency & Mid-Market Inclusion

Transparency

We lock your total cost from day one—no open-ended "cost-plus" model.

Efficiency

In-house synergy + AI scheduling slice out 2–4 weeks of idle time.

Local Focus

We keep Nova Scotia families paying $1,400–$1,600, not $2,200+.

Evidence-Based

Every decision is data-backed, from cost tracking to final rent strategy.

"We see this as the only way to fix Nova Scotia's missing middle—using real local data rather than chasing luxury margins."
— The Founders

Our Streamlined Construction Method

The Technical Approach Behind Our Success

At Helio, we've streamlined construction by:

  1. Unifying all trades in-house — no blame games or multiple markups
  2. Fixed-price contract — never pass on 5% contingency overruns
  3. Advanced scheduling software — eliminates typical sub-trade delays, so you start collecting rent faster
🔒
Locked-Cost Guarantee

Final invoice matches initial quote—period.

⚙️
In-House Design

Efficient floor plan tweaks without costly change orders.

🛡️
5% Contingency Buffer

We absorb minor variations that typically cause overruns.

Construction project with efficient scheduling

Ready to See If We're the Right Fit?

We're not about flashy sales. We built Helio to solve real cost overruns for real investors—and if that resonates with you, we'd love to chat. No pressure—just a friendly conversation to see if our locked-cost model matches your project's goals.

Schedule a Quick Call
No obligations—just see if we're the right fit