Real Estate

Priced out of your neighbourhood? This real estate CEO says look south

27/06/2023

Nothing is certain in Canada except death, taxes, and endlessly rising real estate prices.

The story is as well-worn as a 20-year-old doormat with even wealthy Canadians struggling to break into the housing markets in cities like Toronto or Vancouver thanks to dwindling supply and sky-high demand. So, real estate investment company SHARE is encouraging Canadians to look elsewhere for deals — south of the border, to be exact.

“The average price point of a Canadian home is north of $750,000 U.S.,” says Andrew Kim, SHARE’s founder. “Right now, in the U.S., it’s sub-$400,000 U.S.”

To Kim, the U.S. housing market is a surprisingly good opportunity for Canadian investors to generate income from real estate — either to pay for a permanent place in Canada, or to supplement their portfolio. SHARE’s premise is that owning real estate should be as straightforward as having a stock portfolio, and the company promises

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Real Estate

Commercial real estate troubles are so pronounced that Goldman Sachs’ CEO says even a soft landing won’t prevent ‘pain’

22/06/2023

Joining CNBC’s Squawk on the Street on Monday, Goldman Sachs CEO David Solomon stressed that the economy has proved to be “incredibly resilient,” which has surprised him. However, there’s a certain sector that he sees as a risk.

After being asked about a Financial Times article reporting a surge in commercial real estate loan delinquencies in Goldman Sachs’ portfolio, Solomon told CNBC that real estate is the “single largest asset class in the world.” And as the Federal Reserve aggressively raised interest rates in an attempt to lower inflation, it has significantly affected the commercial real estate sector.

“There’s no question that the real estate market, in particular commercial real estate, has come under pressure,” Solomon said.

Solomon said that his bank has a relatively small lending portfolio compared to other lenders, but it does hold a reasonable amount of equity investments in real estate.

“Real estate affects us,”

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Real Estate

Ontario Teachers' CEO on inflation, real estate and opportunities

18/04/2023

Chief executive Jo Taylor speaks with the Financial Post’s Barbara Shecter about the pension’s strategy

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Published Apr 12, 2023  •  Last updated 5 days ago  •  10 minute read

Jo Taylor, chief executive of the Ontario Teachers’ Pension Plan Board. Photo by Courtesy Ontario Teachers’ Pension Plan

Geopolitical uncertainty and macroeconomic headwinds pushed some of Canada’s top institutional investors into negative territory in 2022, but not the Ontario Teachers’ Pension Plan. The country’s largest single professional pension eked out a respectable four per cent return for the year, leaving it with $247.2 billion in assets and on track toward its goal of $300 billion by 2030. The Financial Post’s Barbara Shecter sat down with Teachers’ chief executive Jo Taylor to discuss the fund’s strategy, how it’s navigating inflation and where it’s

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