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.
News | Starlight launches $750 million fund to buy apartments in Canada's largest markets
In this episode, Sandy MacKay delves into the role of major investment funds in shaping the Canadian multifamily real estate landscape. He examines how these funds influence market dynamics and what it means for investors. Sandy then transitions to discussing the future outlook for the multifamily sector in Canada, highlighting potential trends and opportunities for growth. The episode provides listeners with a comprehensive understanding of the current and future state of multifamily real estate in the country.
Key Points
- Starlight Investments has launched a $750 million fund to acquire multifamily rental properties in Canada’s largest urban centers.
- CIBC Investment Management is contributing $415 million in equity to the Starlight Canadian Core Multi-Family Fund, reflecting strong institutional confidence in the multifamily sector.
- The fund aims to meet the rising demand for rental housing driven by urbanization trends in major cities like Toronto, Vancouver, and Montreal, with potential positive impacts on other growing regions like Hamilton and Kitchener-Waterloo.
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Transcript
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