,” an investigative documentary by award-winning Swedish director Fredrik Gertten. The documentary explores the commodification of housing around the world, citing examples such as New York and Toronto.
When asked about what he means by “organizing,” Dent explained that the Federation of Metro Tenants’ Associations “helps the tenants work together to fight various issues: above guideline rent increases, repair issues, illegal charges.”Article content“The Chalkfarm complexes and 666 Spadina come to mind,” he said.But there are others who might not see Blackstone’s move as a drastic change.
“They’re doing it much more intentionally and out in the open,” he said. “Blackstone has been involved in [Canadian real estate investor] Starlight and purchased a few other Canadian REITs [real estate investment trusts] in the past, but they haven’t had a ‘boots on the ground’ presence and acquisition strategy in Canada.Article content
In March 2019, Starlight Investments — an affiliate of Blackstone Property Partners — announced they jointly purchased eight Toronto-area apartment buildings, their second major Canadian transaction.Blackstone’s spokesperson explained that the company’s strategy is to take a “long-term view” with its focus on “building and acquiring resilient businesses,” with no interest in investing in single-family rentals or individual homes in the country.
The pandemic has lent its full weight to e-commerce, creating more demand for industrial land and warehouse space. In May, Re/Max Canada published a report saying that demand for industrial land and warehouse space in the nation is at an all-time high.Asked if this move shows that Canada is now “hot” for such a big player, Dent replied, “It’s been that way for years.
Nice to see the conspiracy theory crowd showed up early. Good job kids.
Probably an appropriate time to post the photo of Schwartzman meeting with Trudeau and Freeland. Sure they have laid the red carpet out for their fellow MMT ally.
Buy the dip
A functioning state would stop this from happening
daniel_foch Nice feature, sir! daniel_foch
Corporations buying homes is one of biggest reasons that housing has become unavailable and unaffordable to young Cdns. This needs to be looked at MarkGerretsen
I doubt very much that Young Global Leaders Trudeau and Singh have any concern at all.
We don't hold our politicians accountable and this is what you get. Our politicians sell us out continually. Next up, more immigration so Blackstone can sell/rent the houses they buy up.
They are spreading like a cancer.
Someone has to own our homes for the great reset to happen. It's all written down in a book. It's going to be great when we're all happy and own nothing
YOU WILL OWN NOTHING AND BE HAPPY!
Why? We’ve enabled and embraced property investments from money laundering criminals from around the world… happily accepting the unsustainable home prices because it increased the value of homes for some legitimate homeowners, fueled property taxes, reduced costs to cities…
Economic freedom! Let America's glorious oligarchs buy whatever they want. I will cut taxes to make government smaller and get it out of the way of business
Universal poverty is really what they mean when they talk about making the world “fair and equitable.” No one will have anything. 🪦🪦🪦
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: globeandmail - 🏆 5. / 92 Read more »
Source: globeandmail - 🏆 5. / 92 Read more »