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.
Navigating Multifamily Markets and REIT Insights with RioCan, CAPREIT, and SmartCentres
In this episode, Sandy MacKay kicks off with an overview of the current landscape in multifamily real estate. He delves into RioCan's strategic shift and property sales, providing insights into their impact on the market. Sandy then examines the multifamily sector's status, highlighting incentives and the dynamics of the condo market, including rising vacancy rates and rental trends. He discusses federal housing measures and national rent fluctuations before introducing today's segment on Real Estate Investment Trusts (REITs). The spotlight is on RioCan, CAPREIT, and SmartCentres, with a summary of investment considerations for REITs. The episode concludes with closing remarks and a thank you message.
Key Points
- RioCan's sale of stakes in rental towers in Ottawa and Calgary marks a strategic shift to monetize its RioCan Living portfolio, enhancing its focus on transit-oriented, mixed-use properties.
- Toronto landlords are offering significant rental incentives due to an unprecedented supply of condominiums and declining rents, giving renters more negotiation power.
- Despite federal measures to address housing shortages, demand for housing in the Greater Toronto Area remains high, with a record number of lease transactions recorded.
Chapters
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Transcript
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