Despite the turbulent environment shaped by the coronavirus pandemic, aggressive interest rate hikes and liquidity issues, institutional investors taking a long-term perspective can uncover strong opportunities in the real estate market. Speaking at the Canadian Investment Review’s 2024 Defined Benefit Investment Forum, Alexandra Katz, managing partner and head of institutional sales at Hazelview Investments, highlighted […]
While Canada needs an additional 5.8 million housing units by 2030 to restore affordability in the marketplace, the country only averages about 200,000 new housing completions per year, said Aaron Pittman, senior vice-president and head of Canadian institutional investments at Equiton. “From concept to occupancy in Canada, on the residential build side, you’re looking at […]
The pullback from traditional lenders in the real estate market is poised to create a serious need for capital. “To a certain extent, banks [and other large capital providers] have generally been overexposed to real estate,” said Ken McKinnon, senior managing director and equity partner at Institutional Mortgage Capital, during a session at the Canadian […]
The fundamentals of the Canadian housing market are incredibly strong because they’re underpinned by a significant imbalance of supply and demand that will be present for many years to come, said Michael Tsourounis, managing partner and head of real estate at Hazelview Investments, during the Canadian Investment Review’s 2024 Risk Management Conference. Any time there’s an imbalance […]
Significant headwinds in the commercial real estate sector have impacted the number of transactions seen in 2023, leading institutional investors to pursue diversification at home and abroad. The totals for acquisition dispositions of office assets in 2023 were “extremely low” compared to the previous year, says Lewis Gascoigne, an investment consulting principal at Eckler Ltd., […]
Supply and demand are outweighing the negative impacts that interest rates are having on real estate in the short term, according to Vikram Rajagopalan, senior managing director at Trez Capital, during the Canadian Investment Review’s 2023 Risk Management Conference. Canada and the U.S. are experiencing population booms, he said, noting the Canadian government’s plan to […]
Despite recent uptick in U.S. commercial office real estate landlords defaulting on their loans, the chances of the same trend moving north of the border is low, says Jim Clayton, professor and Timothy R. Price chair in real estate and infrastructure with the Schulich School of Business at York University. Since the onset of the […]
The British Columbia Investment Management Corp. is acquiring a minority stake in a corporate consultant and fund administration provider. Zedra, which provides wealth, governance and administrative services for corporations, pensions, trusts and funds, was launched in the Isle of Man in 2016. It now conducts operations in Asia, Australia, Europe, North America and South America. […]
As Canada’s largest residential real estate investment trusts drive up the country’s rental property prices through evictions and renovations, these moves highlight institutional investors’ human rights obligations, according to a new article by the Shareholder Association for Research and Education. In the article, the SHARE said Canada’s residential REITs capitalize on tenant turnover and suite […]
The Ontario Teachers’ Pension Plan is investing in a wireless communications infrastructure company. Diamond Communications, which specializes in developing wireless network facilities to enhance internet and cellular services in remote regions, owns and manages a network of 300,000 wireless infrastructure sites in Canada and the U.S. It also owns 4,000 sites rented by internet service […]