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.
Starlight's New Fund and Multifamily Housing Trends Across Canada
In this episode, Sandy MacKay begins by introducing Starlight Investments' new fund, detailing its structure and objectives. The discussion then shifts to the impact and implications of the Starlight Canadian Core Multi-Family Fund on the multifamily housing sector. Sandy provides insights into current trends and government initiatives affecting Canada's multifamily housing market. A regional analysis follows, covering key markets such as Toronto, Vancouver, Ottawa, Montreal, Calgary, and Edmonton, highlighting local dynamics and investment opportunities. The episode concludes with closing remarks and expressions of gratitude, summarizing the key takeaways for investors in the multifamily real estate sector.
Key Points
- Starlight Investments has launched a $750 million fund to acquire purpose-built multifamily rental properties across Canada's largest urban centers, signaling a major shift in the market.
- Canada's housing starts increased by 4% in the first half of 2024, driven by activity in cities like Montreal, Calgary, and Edmonton, though the growth has not kept pace with the country's rapid population increase.
- Government initiatives and legislation, such as the CMHC’s MLI Select program and Ontario's Bill 23, have spurred new rental apartment developments, yet some major cities like Toronto and Vancouver have seen declines in housing starts.
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Transcript
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