Sun Life’s Real Estate Arm Plans to Increase its Rental Apartment Assets

Investing in rental apartments in Canada’s biggest cities may be a smart thing to do right now. At least that’s what Sun Life Financial’s real estate investment business Bentall Kennedy sees as a good strategy. It plans to increase its multi-residential investments to 15% of its portfolio, from currently less than 10%. Although there are signs that the economy has …

If you’re torn between investing in either RRSPs or real estate, don’t be. “People have a tendency to think of either RRSPs or real estate investing for their retirement plan,” Calum Ross of VERICO told CREW. “The reality is that consumers need both.” “RRSPs are diverse and can be adjusted to accommodate different risk tolerances. They also offer certain tax …

Toronto Landlords Could Enjoy a Hike in Rents this Year

Toronto landlords with vacant units could enjoy as much as an 11% hike in rent this year. That’s according to Rentals.ca’s National Rent Report, which only studied empty units and also forecasted that rents nationwide would increase 6% in 2019. The research shows that renters’ preference remains for newer, lavish units, which typify condo rentals. The primary reason for the double-digit market rental hike …

Recreation Homes in Demand for a New Demographic

Canada’s recreational home market is growing thanks to a new group of homebuyers claiming their piece of the cottage and vacation homes market. As more Canadians work remotely, they are shunning the city life for a more relaxed home-working environment. Sotheby’s International president and CEO Brad Henderson says that he has seen a growing trend for people leaving Montreal or …