U.S. investment giant Blackstone's expansion into Canadian real estate raises concerns

,” 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.

WEF, Blackstone. Foreign interference is fine if you're liberal I guess.

It should be blocked. Just see what it did in the states.

Favourable immigration policy. 😆 Everyone but the government knows how screwed we are. Actually it’s not everyone, it’s just the ones they pretend to help.

This headline is about 4 years too late

Blackstone will be like a plague of locusts devouring the Canadian housing market unless our government does something- I’m not holding my breath though.

The same Blackstone whose CEO has stopped all funds investing in Canadian Oil and Gas now wants a slice of Canadian real estate. I suggest two words. cdnpolitics

what did they mean by this?

blackstone is an evil company that’s gobbling up everybody’s wealth . They need to be broken up .

LOL.. many are concerned that Cdn's lost the right to leave Cda & dissent is being made criminal.. and no end in sight of Prov's/Feds ending emergency orders..

Oh great more bullshit to deal with

We're gonna build that wall!

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