Unlocking Insights in Real Estate: Episode 3 of Building Blocks
Dive into Economic Policies, Housing Challenges, and Trade Dynamics
In the latest episode of Building Blocks, we delve into the world of real estate and economic policies with a special guest, Wendy Waters, Vice President, Research Services and Strategy.
Wendy provides an in-depth analysis of the recent Canadian elections and the implications of having Mark Carney as the new Prime Minister. With his technocratic background, Carney's focus on economic policy and numbers is poised to reshape Canada's governance style. This shift brings a fresh perspective on economic growth and housing policies, adding layers of complexity to the political landscape.
The episode also addresses the pressing issue of housing shortages in Canada. Wendy discusses the appointment of Gregor Robertson, the former mayor of Vancouver, as the new housing minister. His firsthand experience in municipal governance is anticipated to play an important role in unlocking housing activities and speeding up processes at City Hall.
Furthermore, Wendy sheds light on immigration policy changes and their potential impact on the rental housing market, emphasizing the necessity for increased housing to meet the demands of new immigrants. This ties back to her estimation that Canada faces a shortage of about 1.5 million rental apartments.
Our investment strategy has proven resilient through market cycles. The diversification of our portfolio, particularly with investments in grocery-anchored shopping centres and industrial assets, has provided stability and growth opportunities for all stakeholders.
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Watch Episode 3 (GreatWest Life Real Estate Fund / Canada Life Real Estate Fund)
GWL Realty Advisors Inc. generates value by creating vibrant, sustainable communities that engage, excite and inspire. As a leading Canadian real estate investment advisor, we offer asset management, property management, development and specialized advisory services to pension funds and institutional clients. Our diverse portfolio includes residential, industrial, retail and office properties as well as an active pipeline of new development projects.