Alberta Multifamily Market Trends and Insights on REIT Investments
In this episode, Sandy MacKay provides an overview of Alberta's multifamily market, examining how the pandemic has influenced investor interest and market trends. He compares the Calgary and Edmonton markets, offering insights from institutional investors. The episode also explores the benefits of the MLI Select program and recent developments in the REIT sector. Sandy discusses GO Residential REIT's portfolio, highlighting their investments in luxury units. The episode concludes with a focus on the due diligence process in international multifamily investments, providing listeners with essential considerations for global market engagement. Sandy wraps up with key takeaways and appreciation for the audience's participation.
Key Points
- Alberta's multifamily market is attracting significant investor interest due to its stable cash flow prospects and rent growth, particularly in Calgary and Edmonton.
- The Canadian Mortgage and Housing Corporation's MLI Select program and the absence of rent control in Alberta have made the province an attractive market for both private and institutional investors.
- GO Residential Real Estate Investment Trust's move to list luxury multifamily units in New York City on the Toronto Stock Exchange underscores the growing trend of Canadian investors seeking opportunities in international markets.
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Transcript
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