Multifamily Real Estate Insights Podcast
The Real Estate Multifamily Insights Podcast is your trusted source for news, strategies, expert interviews, and actionable tips to grow your wealth through multifamily real estate, in Canada and beyond. Hosted by seasoned investor Sandy Mackay.
Interest Rate Impacts, High Yield Funds, and Burnaby's Redevelopment Potential
In this episode, Sandy MacKay explores the Bank of Canada's recent interest rate decisions, their impact on Toronto's market, and global trade tensions. He discusses effects on commercial real estate investors and introduces the sponsor, Cameron Stephens Mortgage Capital Limited, highlighting the Western Canada High Yield Mortgage Fund. Sandy reviews Bosa Properties' acquisitions in Burnaby, BC, assessing market appeal and redevelopment potential, and touches on Vancouver's ongoing projects. The episode wraps up with a summary of key points discussed.
Key Points
- The Bank of Canada's decision to hold the overnight lending rate steady at 2.75 percent has left many multifamily property professionals unsatisfied, hoping for further reductions to spur growth.
- Cameron Stephens Mortgage Capital Limited has launched the Western Canada High Yield Mortgage Fund with an initial equity commitment of seventy million dollars, focusing on secured lending in Alberta and British Columbia.
- Bosa Properties has strategically acquired two sites in Burnaby, British Columbia, including the Best Western Plus Burnaby Hotel, with plans for significant renovations and potential future high-density mixed-use redevelopment.
Chapters
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Transcript
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