Top Reasons to Invest in Oakville [June 2022]

Oakville has been ranked the number one place to live in Canada by MoneySense magazine due to its top-ranked public schools, stunning waterfront and abundant parks, busy shopping districts and cultural activities and events. But there are also many other reasons why Oakville is the best place to live in Canada for entrepreneurs and business owners.

oakville location

Oakville is located only 30 minutes from Toronto

  • Located in the heart Toronto Area
  • Toronto is only 30 minutes away – North America Canada’s fourth-largest city and economic powerhouse.

Oakville Construction

Oakville has competitive business costs Tenants in business parks get competitive rates

The GTA’s tax rates and employment lands are more competitive than other communities.

Ontario has the lowest overall costs for business among all the G7 countries

Highly skilled and professional workforce

Professional and highly skilled workforce

  • 80 percent of the population, ages 25-65, has completed a postsecondary education
  • Canada’s most educated community.
  • There is a great deal of talent locally. These professionals are skilled and have experience in knowledge-based industries.
  • Greater Toronto and Hamilton have a labour pool of more than 3.5 million

Reach your customers in major United States and international markets

Global access: Reach your customers in major United States and international markets

Major U.S. cities are within a one-day drive including New York, Chicago, Boston and Washington DC
Pearson International Airport provides access to over 180 destinations around the world through more than 65 airlines . The airport has direct flights to every major Canadian city and most US cities. It’s also served by five international carriers, including Air France, British Airways, Lufthansa and United Airlines. You can fly non-stop from Toronto to destinations such as Beijing, Shanghai and Tokyo with Cathay Pacific or you can hop on a connecting flight with China Eastern Airlines or Singapore Airlines for long-haul service.
Ranked the best place to live in Canada by MoneySense Magazine

Ranked the best place to live in Canada by MoneySense Magazine

In the top ranks of the best places to live, best places for newcomers, best places to retire and best places to raise a family in Canada
Abundance of natural surroundings – waterfront parks, walking trails and bike paths
Safe community with excellent schools, community facilities and health services Business-friendly environment – no personal income tax on small business income and home-based businesses are exempt from business taxes.

Local economy has a low unemployment rate, high average incomes and a strong base of educated workers. Many employees enjoy a short commute time.

Quick connections to regional, national and international markets

Transportation – quick connections to regional, national and international markets.

25 minutes to Pearson International Airport, Canada’s largest airport.

30 minutes to Union Station and downtown Toronto.

1 hour to the U.S. border.

2 major shipping ports within 40 kilometres.

Intermodal rail access.

Access to highways 403, 407 and QEW from within Oakville.

Land and invest

Land: Plenty of property to build and grow.

Business park space available now and in the future.

High-profile development opportunities for offices and industrial facilities.

Future Life Sciences District.

Sheridan Campus

Education: The top schools within an easy reach.

Sheridan College, one of the world’s leading animation and design schools; providing applied arts and technical programs.

A selection of 17 universities from around the globe all located less than an hour away.

Home to many of the best private schools in Canada.

Support for Your Business

Incentives: Support for Your Business.

Government funding programs, loans and tax incentives.

Selected exemptions on development charges.

Local energy efficiency and environmental programs.

Oakville's key industries

Key Sectors: Oakville’s key industries are flourishing.

Oakville hosts many sectors such as life sciences, professional and financial services, digital media, ICT and film, and advanced manufacturing – home to leading companies including Ford Canada (head office), PwC (head office) and Siemens (global head office).

Oakville Lifestyle

In Oakville, Quality of Life is not just a phrase. It is a reality that ranks right up there among the many reasons businesses thrive here. Our unbeatable recreation and lifestyle options have helped Oakville consistently rank as one of the top places to live and raise children in Canada.

oakville

Oakville residents are lucky enough to live in a place where life can be enjoyed to its fullest. Our downtown area has both historic and modern architecture, which houses more than 400 retail stores – offering everything from food and beverage to clothes or pets! You’ll never lack for entertainment either: we’ve got theatres, festivals, galleries, over 2,400 acres (972 hectares) of parks, and 20+ golf courses just outside the city limits – including one world-famous course.

  • Quality schools.
  • A state-of-the-art community hospital.
  • Located on Lake Ontario.
  • Charming shopping districts.

Let us show you why investing in Oakville real estate is a smart decision.

We will analyze your needs and show you exactly how much money you could be making by investing in Oakville real estate.

Why? Oakville is home to some of the country’s top schools, hospitals, and universities. It also has some of the best neighbourhoods where residents are able to lead comfortable lifestyles without being concerned about safety, traffic jams, or pollution.

With Team Arora Realty as your guide, you’ll always be aware of new developments that come up in Oakville and will be able to make an informed decision when it comes time to invest in real estate.

Top 10 Schools in Halton Hills

When you’re thinking about making a big move to your home, think of your children.

Moving is difficult for your children. Make sure they are as comfortable as possible in their new home.

It can be so easy to find great schools in Halton Hills.

You can also search for the ideal school for your child.

You will need to ensure that the school you choose is in your area.

These websites will assist you in locating the closest schools to your desired location.

Schools in Halton Hills

Halton Hills is home to some of the most prestigious schools in Southern Ontario.

Many schools are located in residential areas. Some have alumni who have travelled to outer space.

Below are some of the top schools in Halton Hills.

Halton Hills Homebuying Guide

It can be stressful to move and it is a major life milestone.

It is important to ensure that your move and purchase of a home are done in the right place (with great schools) at the right price.

With the right agent, you can do all that in Halton Hills

Homes by Team Arora is an expert in Halton Hills and its surrounding areas and will guide you in the right direction.

Are you still waiting?

Get in touch today to make your dreams come true.

Want To Learn More?

Contact Us to Learn More about Homes and Schools in Halton Hills Today.

Schools in Halton District School Board work diligently to make sure students are getting the best education possible, focusing on math, reading and writing. Each school has a ranking system out of 10 for how well it does this job; Halton Hills main schools rank between 5-6.

1. Limehouse Public School

Address:

11139 22 Side Rd
Limehouse, L0P 1H0
Phone: 905-873-6354
Fax: 905-873-7334

School Website

2. Holy Cross Catholic Elementary School

222 Maple Ave
Halton Hills ON, L7G 1X2
Phone: 905-877-4451

3. Ethel Gardiner Public School

14365 Danby Road
Halton Hills ON, L7G 6L8
Phone: 905-877-3849

4. ÉÉC Du Sacré-Coeur-Georgetown

34 Miller promenade
Halton Hills ON, L7G 5P7
Phone: 905-873-0510

Christ The King Catholic Secondary School

161 Guelph Street
Halton Hills ON, L7G 4A1

Stewarttown Middle School

13068 15 Side Rd RR 2
Halton Hills ON, L7G 4S5
Phone Number: 905-873-1637

St. Joseph (Acton) Catholic Elementary School

147 Mill Street
Halton Hills ON, L7J 1G7
Phone Number: 519-853-3730

Pineview Public School

13074 5 Side Rd RR 2, Halton Hills ON, L7G 4S5
Phone Number: 905-877-4363

Joseph Gibbons Public School

41 Moore Park Cres
Halton Hills ON, L7G 2T3
Phone Number: 905-877-4653

George Kennedy Public School

75 Weber Dr
Halton Hills ON, L7G 1C5
Phone Number: 905-877-4381

 

How to Use Team Arora Search Function

1. Go to: www.teamarora.com search

2. In the Search bar, type in the city that you’re interested in

3. Click on the set filters

Canada’s housing markets are finally moving back towards balance

The chill that gripped Canada’s housing market after the Bank of Canada raised interest rates earlier in the year has turned several degrees cooler.

Many of Canada’s most expensive markets, including Toronto, Vancouver and Montreal, as well as Ottawa, Ottawa, Hamilton, saw their sales decline in May. This was the third month of decline for many.

Robert Hogue , assistant chief economist at RBC, stated that “Clearly the Bank of Canada has raised interest rates since March and there are prospects for more”. They’re raising the bar for buyers and lowering earlier (super-bullish) sentiment.

Since March, the central bank has increased its key rate three more times, from 0.25 to 1.5%. Economists expect that it will continue increasing until it reaches 2.5%.

major market highlights

Hogue stated tha Canada’s housing market is now undergoing rapid rebalancing.

The Toronto-area market has seen a dramatic change in the last three months. The demand-supply situation has changed from being the tightest in records to almost as loose as it was during the 2017 correction. Due to the high interest rate sensitivity of buyers due to the large mortgage sizes and the steep prices in the area, the Bank of Canada’s rate increase campaign has left them on guard. In the last three months, home resales fell by a third.

This includes a 9.3% m/m decrease in May (seasonally adjusted). After falling to historic lows during the pandemic in 2004, inventories are rising and have risen 26% over May 2012. The buyers’ urgency and willingness to participate in bidding wars has decreased significantly. In April and May, the MLS Home Price Index declined m/m. The strongest headwinds are being felt by single-detached homes in the 905 belt, which had seen their values rise the most over the past year. The City of Toronto condos have shown greater resilience. As buyers gain pricing power, we expect prices to continue falling.

This was particularly evident in Toronto where “demand-supply conditions swung close to the tightest records to nearly as loosely as during the 2017 correction,” he stated.

toronto area Source: Canadian Real Estate Association, Toronto Region Real Estate Board, RBC Economics | *Yellow dot indicates estimate for May 2022

According to RBC’s seasonally adjusted estimate and the MLS Home Price Index, Vancouver was Canada’s most expensive market. Home resales dropped more than 15% compared to the previous month. Although inventories are still lower than the previous year, they increased.

Hogue wrote that Vancouver buyers are the most rate-sensitive in the country. He believes they will be severely affected by the Bank of Canada increasing their interest rates by 100 basis points. RBC expects that buyers will negotiate better prices with sellers in the future.

Montreal, where sales fell below pre-pandemic levels one year ago, has been on the path to a soft landing longer than other markets. Hogue stated that the notable development in May was a significant increase in new listings. Prices have risen so far, but this could change if there is more supply.

Calgary’s lower prices have made it a busy market in recent years. Although three rate increases have slowed the pace of activity, Hogue said that it is still “incredibly bustling”.

The supply is tight and home resales are still well above the pre-pandemic peak levels. The cooling effect is most evident in the prices. They rose slightly in April, but were flat in May. This is a significant change from blockbuster gains earlier.

Brampton housing markets are finally moving back towards balance. The supply is finally catching up with demand so prices are stabilizing. Get a good deal on your next house, before prices go up again! Visit our blog for more information about Brampton housing market trends.

(Source)

A City Guide of Halton Hills

Halton Hills is a town with more than 60,000 inhabitants located to the north of Toronto. The main centres in Halton Hills include Georgetown and Acton as well as smaller hamlets like Glen Williams, Hornby, Norval and Ballinafad. Being a resident of Georgetown and the surrounding areas offers you the experience of small-town living, and all the essential facilities like great schools, daycares and shopping and eateries.

Downtown Georgetown is charming, with its stores that have been renovated and old and quiet streets that are dotted with fantastic restaurants and pubs and local stores, as well as great window shopping. Halton Hills is home to a number of parks, recreation centers, golf courses and shopping in one of the most luxurious outlet malls in the region. It’s close to major highways such as the 407 or 401 as well being an GO station that will make getting around much easier.

Halton Hills is located on the Niagara Escarpment and although development continues in the area, it’s packed with stunning and beautiful paths and natural spaces ideal for running, hiking and exploring the natural world.

If you’re considering moving to Halton Hills or listing your Georgetown and Acton area property call us today to find out what I can do to help. There’s no better time than now to buy a home. Not only will buying a home be a great investment but it will also provide you with a place to call your own and make memories that will last a lifetime. Start making yours here today!

Find out the more you can regarding Halton Hills and Georgetown by clicking on the links below:

Halton Hills is located on the Niagara Escarpment and although development continues in the area, it’s still full of beautiful and scenic trails and green spaces, perfect for hiking, running and exploring nature.

If you are considering living in Halton Hills or listing your Georgetown and Acton area real estate, contact me today to see how I can help.

Learn more about Halton Hills and Georgetown by exploring the below links:

Halton Hills Tourism

www.visithaltonhills.ca

Georgetown

www.georgetownon.ca

Halton Hills

www.haltonhills.ca

Downtown Acton BIA

www.downtownacton.ca

Latitude Food and Drink

www.latitudefoodanddrink.ca

Uncorked

www.uncorkedonmain.ca

Toronto Premium Outlets

www.premiumoutlets.com/outlet/toronto

Farmers’ Market

www.farmersmarketgeorgetown.com

We bring a level of expertise and attention to detail to every transaction that is unmatched by other Halton Hills real estate agencies.

Our team is committed to exceeding your expectations and delivering a level of service that you won’t find anywhere else.

Find out how we can exceed your expectations!

How can you buy pre-construction condos in Toronto?

Buying Pre-Construction Condos in Toronto

How To Buy Pre-Construction Condos In Toronto – Today’s pre-construction market is not the same as it was five years ago. This was when almost any investment was a sure win. To make informed decisions about your options, you will need to be educated on the reputation of developers and do a thorough analysis of projected values.

Pre-construction buying can be complicated. I have been in the market for more than 13 years and have represented hundreds upon hundreds of buyers. I understand how daunting this process can be.

This guide is my attempt to help you understand the buying process. I will also explain what you can expect from working with me and my team, as well as how we choose good projects for clients.

Benefits of Buying A Pre-Construction Condo In Toronto

  • Extended Deposit Programs are available for many new projects
  • A VIP/Prestige Broker can help you get in the door first and make money within the first few weeks of the sales process
  • Buy at today’s prices by purchasing strategically and doing the right analysis
  • Clear and well-defined steps are required to buy a home.
  • Your investment will appreciate
  • Condos that are newly built tend to rent for less and sell faster than those that are older.
  • A mortgage is not necessary right away.
  • You have the option of renting or selling your property.
  • The Benefits of Working with a Pre Construction Broker
  • Let’s get the facts straight about VIP and Prestige Brokers.
  • A pre-construction buyer should work with a broker who is familiar with the market.

This applies to any investor, but it is especially important for first-time buyers. It is important to have someone who represents your best interests.

TRB has strong partnerships with many of our representing sales teams and has established relationships with some of the city’s most influential developers. This status allows us to be designated VIP or Prestige.

Working with a broker that is truly VIP is one of the greatest advantages. They get first access to suites once they are released. Their client can purchase at the lowest launch price, which allows them to make the most of their money.

Did you know that the developer covers all fees associated with your condo purchase before construction? A professional is available at no additional cost (only $0.00).

A financial expert broker can help you avoid being caught in a bad deal with bad developments. A pre-construction broker who is experienced will be familiar with assignment clauses, deposit structures and levy caps. These are all important elements that go beyond just signing the contract.

How Pre-Construction Condos Are Sold

The process of selling condos is the same for most developers in the area. To ensure smooth and easy selling of condos, they partner with experienced brokers who have worked with them.

As a Prestige Broker and VIP with some of the top developers in Toronto, I have refined our process to ensure that our clients get the best price, access, and understanding when buying pre-construction in Toronto.

This eBook is a compilation of everything I know, and everything my clients want. It will help you understand the process of buying condos in Toronto that are pre-construction.

This guide is packed with helpful tips and deposit structure examples. It also covers what to do after you have purchased your property and how to get it back to you. This guide will be helpful to anyone, whether you are just beginning to learn about pre-construction.

Click the button below to download. If you have any questions, would like to schedule a time for chat, or would like to discuss any one of our top preconstruction condo projects please get in touch immediately.

The 32-year old man makes $431,000 per year from real estate investments, while he travels and lives in a converted van.

Real estate is a great investment. This is what I tell everyone. It can be difficult to get started.

Eight years as a real-estate investor, I have learned that small steps are the best way to go. At 23 years old, I started investing to earn a little extra money in addition to my engineering salary. I had one or two rental properties.

Today, I have 61 rental units which last year brought in $431,000 in rental income. Roofstock Academy is also my real estate coaching. My wife and I reside in a converted van, which I use as my office. We live in our California duplex when we aren’t traveling the U.S. with our van.

After I pay my mortgages, property taxes and property management fees, I make about $6,000 per monthly in passive income from my real-estate portfolio.

Since 2019, I have been investing the money in a redevelopment project, converting eight units into 17 and living off my full time coaching salary.

How I bought my first property in real estate

2013 was my first year of college. I worked as a fire prevention engineer, earning $73,000 per annum.

My goal was to save money for investment properties. I lived very low. To rent an apartment with my roommates, I paid $800 per monthly. My employer paid for essential expenses such as my car and cell phone bills. This allowed me to save even more each month.

2014 was my first real estate purchase. I used $40,000 of cash I had saved and sold $20,000 of stocks to buy a $295,000 single family home in Southern California. To cover the rest of the cost, I borrowed from the bank but I was able to get a loan from a relative.

It was vacant for two months until I rented it. However, it did not need any renovations. My monthly rent of $1,810 from my tenant enabled me to pay the monthly loan payments and manage the property.

My real estate portfolio is growing
In 2016, I owned three houses. My second purchase was financed by a traditional bank loan. The third house I purchased was purchased with a $250,000 loan from my family member at a fixed rate of 4% for 30 years.

In total, I earned $51,404 in rental income from all three properties that year. While most of it went to mortgage, maintenance, and property management costs, I also took home $1,800 per monthly.

2017 was a year that I increased my savings in order to buy more real estate. I found a cheaper apartment to share with my roommates and I invested the savings and the money I made from real estate in the stock market as well as my investment accounts.

I began to look outside of California after I realized how far each dollar could go in the right markets, where cash flow was high but buying prices were low. I purchased the best multi-unit properties in the Midwest (mainly Ohio and Kentucky) and then fixed them up.

To make this happen from afar I established relationships with agents and property managers in these markets so that I would have a team to help me find the best properties and take care my tenants.

My fees average 7% of my gross rental income per property, but can go up to 20% if I’m working with family-owned management companies.

How to get started in real estate investing
I am very fortunate to be able to travel the country as a coach and work a regular 9-to-5 job. I also earn passive income from my real estate investments.

If you have enough money to save and are willing to look around, investing in real estate can give you a competitive edge — even in this era of high home prices.

Here is my top tip:

1. Start small with a well-researched strategy
My investment strategy is “BRRRRR”: Buy, Rehab, Rent, Refinance, Repeat.

I purchase homes in areas where units rent for more than their monthly mortgage payments. They are then renovated and rented out to pay the mortgage payment or to invest in other properties.

It is important to understand the basics of each strategy in order to determine which one works for you. There are many resources, including podcasts, such as my podcast, The Remote Real Estate Investor, and online courses.

To learn more about the strategies of other investors, you can reach out on forums such as BiggerPockets.

Many people wonder about their return on investment goals. People should compare the total returns they get from real estate (calculate it by adding cash flow and appreciation, loan payments, tax benefits, and tax benefits) with the returns they could be receiving in other investment vehicles.

Choose a number that is most comfortable for you. Don’t compare yourself with anyone else.

2. My method is designed to make it as easy as possible for you to accomplish your goals.
I feel comfortable buying something if it is easy to do and that the property won’t require too much management.

Even though this may mean lower profit margins upfront, it allows me to simplify my lifestyle and use most of my real estate portfolio for a passive income stream. Once you have completed the purchase and fixed the property, you will reap the benefits for as long as the property is yours.

My main goal with my real estate portfolio, is to be financially independent at 100%, or to pay all of my expenses, even future expenses.

3. To increase property value, you don’t necessarily need to do a complete renovation
You have two options to increase the value of your property: Maximize profits or maximize returns, or minimize expenses.

My portfolio has seen me spend approximately $2.5 million on renovations so far. I have tried to maximize every dollar. A few simple upgrades, such as stainless steel appliances and laundry rooms, can increase the rental value.

You can increase the value of your property by buying in favorable markets.

4. Local property professionals are available
In the markets that I invest, I work with mom-and-pop local property management businesses.

I was able to build a portfolio of properties in the Midwest, while still living in California. Now, I can travel and generate income from my properties. My agent can let me view houses via FaceTime and I can rely on trusted contractors for renovations. It is up to my property manager to find responsible tenants.

You can connect with experts in your market using online platforms such as All Property Management and get recommendations from your network and peers.

Michael Albaum is a real estate investor and Head Coach of Roofstock Academy. Follow him on Twitter @MichaelAlbaum.

(Source)

The Need of Real Estate lawyer as a buyer and seller

Ever wonder why your favorite movie stars look so beautiful? You might also wonder why the coffee shop you frequent is always clean and well-decorated for each season. They have a team that is meticulously focused on every detail.

Think about the many professionals who are there to help you find your dream home. You have more than your Real Estate Agent. There are many people who can help you find the right home for you, including a Real Estate lawyer.

Role of a real estate lawyer as a buyer

    • Check out the Agreement of Purchase as well as all other legal documents
    • Verify that there aren’t any claims against the property
    • Arrange for Title Insurance
  • Check that you have a valid title at closing
  • Make sure your property taxes are current
  • Calculate the land tax due at closing
  • Prepare the mortgage documents
  • Close the transaction and make sure all financial and legal conditions are met
  • With the seller’s lawyer, exchange legal documents and keys

Role of a real-estate lawyer as a seller

  • Before you sign, make sure to read the Agreement of Sale.
  • Assist with negotiation of terms and conditions
  • Prepare the deed for your house
  • As soon as title problems arise, deal with them and resolve them
  • Close the transaction
  • Make sure all legal and financial requirements are met
  • With the buyer’s lawyer, exchange legal documents and keys

You now have a better idea of what a Real Estate Lawyer does. It’s time for you to find the one who will represent you during the entire transaction. Your RE/MAX Agent will be able to help you choose a Real Estate lawyer. They often work with trusted professionals. For more information, you can visit our Finding a Real Estate Lawyer post.

Real estate investors in Ontario: strategies to avoid capital gains tax

How to reduce taxes on the sale of Canadian real estate

In this article, we’ll cover everything you need to know about reducing taxes on the sale of real estate in Canada.

1. Capital gains treatment. 

First, you can reduce taxes by calling the capital gain from the sale of Canadian real property a capital gain. Capital gains mean that only half the profits from your Canadian real-estate sale will be taxable to you. 

Let’s say that a real property sale profit is $100,000. This means that only $50,000, or half of the gain, would be taxable at your marginal tax rate. This formula calculates the profit from real estate sales in Canada. Net sales minus cost equals profit or loss. The selling price is the net sales proceeds, while the cost is the original purchase. The original purchase price must be included on the purchase and sales agreement when you purchased the property. The property’s cost can include closing costs and land transfer tax legal fees for tax purposes. To arrive at net sales proceeds, you can also deduct commissions and selling costs.

2. Maximize capital improvements

Maximize capital expenditures in order to maximize capital improvements and lower property sale taxes. Also known as improvements, capital expenditures are also called capital expenditures. A lower price will result in a lower profit when you sell your property.

Let’s say you decide to replace all your windows. Window replacements can be expected to last between 10-20 years. This will increase the property’s tax-free life expectancy. These windows can be considered capital improvements and added to your property’s cost. Because repairs are not considered improvements, they won’t increase your property’s value for tax purposes.

Repairs are deductable as a current expense in your Canadian tax return. Repairs include painting, fixing leaky faucets, shampooing carpets and fixing holes.

3. Do not claim capital cost allowance.

You must consider depreciation and capital cost allowance when selling a Canadian property. Tax-deductible depreciation is the cost of physical wear and tear on your property. When you sell depreciable assets, such as Canadian real property, the capital cost allowance that you claimed in previous taxation years must be included within your taxable income for the year of sale. This is called recapture.

Let’s take, for example, $100,000 in capital cost allowance that you have claimed to date. This means that $100,000 of capital cost allowance you have previously claimed will be added to your taxable income for the year of sale. You will not be able to claim the capital cost allowance if you don’t. You should calculate the capital gain from your real estate sales. Maximize capital improvements and include capital cost allowance.

We are working real estate lawyers specialize in helping people with a variety of options when it comes to protecting their investments from capital gains tax. So let us show you our experts expertise by taking a look at your situation and advising on strategies that work for your needs.

Schedule your free consultation now!

Blackstone Betting Big on Canadian Real Estate with New Toronto Office

Blackstone has opened a Canadian branch in Toronto which they are using to expand their company into new markets such as commercial and residential properties.

Blackstone is one of the most highly regarded firms for investments in various sectors including real estate, private equity, hedge fund solutions, credit and many others. They are known for their connections to startups but also offer capital markets services.

“I look forward strengthening Blackstone’s strong presence in Canada, and supporting businesses across many different sectors,” Ms. Lin said in a press release. “Canada’s population growth rate is the highest of all G7 countries and is almost double that of the U.S. I believe this will continue to create exciting opportunities on the market.”

Blackstone currently has approximately 450 properties in Canada and is valued at $14-billion. Blackstone’s portfolio focuses mainly on logistics such as warehouses. Blackstone teamed with Ivanhoe Cambridge Inc. (a subsidiary of Caisse de depot et placement du Quebec) to acquire Pure Industrial REIT at a price of $3.8 billion, including debt. Pure also acquired 190 additional industrial properties last year as part of its Cominar REIT acquisition.

Blackstone has also expanded its Canadian residential and commercial holdings. In 2019, the fund asset manager bought Vancouver’s Bentall Centre for $1-billion. It purchased three downtown Toronto office buildings, known as the Atlantic complex, in 2021 for $240 million.

Blackstone and a partner purchased a 12-property Quebec senior home chain last year. The asset manager bought Montreal’s Air Canada Alttoria Tower for $230 million. This building combines offices with condominiums.

Nadeem Meghji is Blackstone’s New York-based head for real estate Americas. He said that the fund manager invests in major themes such as industrial properties that are to E-Commerce, rental housing, life sciences offices, and film studios that are benefiting from an increase in streaming service production.

In a press release, Mr. Meghji, who is a Vancouver native, stated that “we are long-term believer in the strength of Canada’s economy.”

Blackstone is one the largest property investors in the world, managing assets of US$880-billion and real estate worth US$298-billion. Brookfield Asset Management Inc. is one of its main competitors.

Blackstone is expanding as institutional investors increase their capital allocations for real estate. Preqin, a British-based investment data company, conducted a survey of pension plans and insurers. It found that 26% of investors intend to allocate US$300 million or more for real estate this year. Only 9% of those surveyed did so a year ago.

According to industry surveys, approximately US$4.1 trillion is invested by fund managers worldwide in this sector.

Property’s perceived value as an inflation hedge is part of its appeal. Avison Young, a commercial real estate firm, recently published a study that found “the relationship between realty and inflation is more nuanced then conventional wisdom would have you believe.”

Avison Young examined major Canadian, U.S., and British markets. They found that property markets are not very protective against inflation spikes over the short-term – less than five-years. The sector performs well if the investment horizon is extended to five years or longer. According to the study, “realty’s inflation-protecting abilities are best suited for long-term owners who are willing to endure fluctuations in multiyear economic and realty cycles.”

(Source)

Mississauga Location

268 Derry Rd W Unit 101, Mississauga, ON L5W 0H6