Canada Life Real Estate Fund

Established in 2005, the Canada Life Real Estate Fund invests in units of the Great-West Life Real Estate Fund. 

 

Fund Performance

as of September 30, 2023

$6.4B

in real estate assets

$6.8B

in total assets

123

properties

Source of return

201420152016201720182019202020212022YTD 2023
Income 4.8%4.5%4.5%4.5%4.3%4.2%3.8%3.8%3.3%2.6%
Capital 2.6%0.1%0.9%1.8%2.7%4.9%(1.3)%7.8%3.9%(3.2)%
Total 7.4%4.7%5.4%6.3%7.1%9.1%2.5%11.6%7.2%(0.6)%

Compound rates of return

(gross of investment management fees)
Three Month – Q3 0.1%
Year-to-date (0.6)%
One Year (0.7)%
Three Year 6.4%
Five Year 6.2%
Ten Year 6.3%

Diversification by property type

By property type (millions)

Retail 9% $ 566
Office 25.7% $ 1,621
Industrial 30.8% $ 1,945
Residential 27.9% $ 1,763
Other 6.6% $ 423

Diversification by region

By region (millions)

British Columbia 10.5% $ 662
Alberta 10.2% $ 644
Prairies 1.2% $ 74
Ontario 67.6% $ 4,279
Quebec 9.6% $ 604
Atlantic 0.7% $ 46
U.S. 0.2% $ 10

Quarterly Highlights

Q3 2023 Canada Life Real Estate Fund Bulletin

Through three quarters of 2023, the total gross return for the Canadian Real Estate Fund No.1 was -0.56%. Positive contributions from income and mortgage valuation continue to be offset by the impact of the current interest rate environment on asset values.

Abbotside Way, Caledon, ON
300 McRae Road, Ottawa, ON
Vancouver Centre II, Vancouver, BC
185 Enfield Place, Mississauga, ON
33 Yonge Street, Toronto, ON
50 Prince Arthur, Toronto, ON

Downloads

Latest annual report

Latest bulletin

Past Performance Reports

Quarterly Bulletins

Q3 2023 Bulletin PDF (1 MB)
Q2 2023 Bulletin PDF (1 MB)
Q1 2023 Bulletin PDF (589 KB)
Q4 2022 Bulletin PDF (480 KB)

Annual Reports

Canadian Real Estate Investment Fund - Annual Report 2022 PDF (7 MB)
Canadian Real Estate Investment Fund - Annual Report 2021 PDF (5 MB)
Canadian Real Estate Investment Fund - Annual Report 2020 PDF (3 MB)
Canadian Real Estate Investment Fund - Annual Report 2019 PDF (6 MB)
Canadian Real Estate Investment Fund - Annual Report 2018 PDF (5 MB)

Want to Invest?

Contact a Canada Life advisor to invest in the Canada Life Real Estate Fund.