Article content
TORONTO Canadian pension funds are seeking to boost their real estate investments, betting the slumping property market will recover as the COVID-19 pandemic recedes and office workers and city dwellers return to downtown properties.
Canadian pension funds held US$278.7 billion in property assets in 2019, up 4 per cent from 2018, according to the Pension Investment Association of Canada, making them the country’s largest real estate owners.
We apologize, but this video has failed to load.
Try refreshing your browser, or Canada s pension funds are on the hunt for pandemic real estate bargains Back to video
In a world of slower economic growth, very low interest rates, volatility in equity markets, real estate offers an attractive opportunity for pension funds, which take a long-term investment horizon, say market participants.
The Globe and Mail Maiya Keidan Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
Getting audio file . This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer
Canadian pension funds are seeking to boost their real estate investments, betting the slumping property market will recover as the COVID-19 pandemic recedes and office workers and city dwellers return to downtown properties.
Canadian pension funds held $278.7-billion in property assets in 2019, up 4 per cent from 2018, according to the Pension Investment Association of Canada, making them the country’s largest real estate owners.