Cameron Stephens Secures $70 Million in Capital Commitments and Launches Western Canada High Yield Fund, Accelerating Regional Growth
The newly launched Fund represents $35 million in commitments from Western Canadian real estate family offices. This amount has been matched by a $35 million allocation from Cameron Stephens' flagship "Bay Street High Yield Fund", bringing the total capital pool to $70 million. The Fund is now active and committing capital into high-quality commercial mortgage opportunities across Alberta and British Columbia.
This milestone is a key pillar in Cameron Stephens' ongoing expansion strategy in Western Canada, where the firm has grown to over $550 million in assets under administration in just four years.
"The Western Canada High Yield Mortgage Fund builds on the long-term success of our existing Bay Street High Yield Fund," said Steve Cameron, President and Chief Operating Officer. "This new vehicle allows us to deliver capital faster and with more flexibility in Western Canada, while drawing on deep local insight from our newly formed Western Canada Investment Committee—comprised of some of the most sophisticated real estate family offices in the region. Their involvement gives us a strategic advantage when it comes to originating mortgages, adjudicating credit, and underwriting market risk with precision."
"At Cameron Stephens, we believe in alignment and partnership," said Brad Wise, Senior Vice President & Managing Director, Western Canada. "We're proud to have brought together a group of highly respected and experienced Western Canadian real estate families to support this strategy. Their participation not only capitalizes the Fund but brings invaluable regional knowledge to our Western Canada operations."
The Fund is modeled after Cameron Stephens' Ontario-based flagship Bay Street High Yield Fund launched in 2004, which has delivered net annualized returns of 11.4% since inception. The Fund investors will benefit from access to a broad array of mortgage investment opportunities alongside the Bay Street High Yield Fund, delivering a portfolio composition designed to offer diversification across location, mortgage type, and asset class in Western Canada.
Scott Cameron, Chief Executive Officer, Cameron Stephens, concludes, "When we founded the Bay Street High Yield Fund 20 years ago, our goal was to offer investors consistent, superior risk-adjusted returns. It's incredibly rewarding to see that same platform fueling growth in Western Canada."
About Cameron Stephens
Founded in 2004, Cameron Stephens is a leading Canadian real estate investment firm with nearly $4 billion in assets under administration. Cameron Stephens offers institutional and private investors strategic opportunities to invest in commercial real estate with consistent returns. The firm specializes in mortgage solutions through Cameron Stephens Mortgage Capital for developers across Canada. Established in 2021, Cameron Stephens Equity Capital provides equity opportunities for high-quality and strategically positioned developments.
Leveraging deep market expertise and strong industry partnerships, Cameron Stephens is recognized as a key player in Canada's real estate investment landscape, aiming to deliver sustainable growth and financial success. For more information, visit www.cameronstephens.com.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Cision Canada
24 minutes ago
- Cision Canada
166 new homes coming to Calgary through the Apartment Construction Loan Program Français
CALGARY, AB, Aug. 13, 2025 /CNW/ - Solving Canada's housing challenge requires immediate action to bring down costs. To provide Canadians with increased access to affordable and sustainable housing, the government today announced along with the City of Calgary a combined investment of over $75 million for the conversion of 166 housing units for new immigrants, students, and young couples. The announcement was made by Corey Hogan, Parliamentary Secretary, Member of Parliament for Calgary Confederation on behalf of The Honourable Gregor Robertson, Minister of Housing and Infrastructure and Minister responsible for Pacific Economic Development Canada, alongside Jyoti Gondek, Mayor of Calgary. Located at 606 4 Street SW, the building formerly known as the Barclay Centre, a 55-year-old, 16-storey office building will be reimagined as into a 166-unit purpose-built rental building consisting of modern studio, one- and two-bedroom suites that will be open to residents in late 2027. With Courthouse Park and Harley Hotchkiss Gardens across the street, and just steps away from two CTrain stations and the CORE Shopping Center, the project highlights the walkable, connected urban lifestyle that is drawing more residents and investment into downtown Calgary. Other building amenities will include 17 accessible units, a shared fitness centre, two common lounges for media and social functions, a co-working space and a shared exterior patio and BBQ. As we build a strong Canadian housing sector, purposeful collaboration will be essential. That means working hand-in-hand with the non-profit sector to bring down costs and build homes at a scale and speed not seen since the Second World War. Quotes: "Our Government is committed to driving housing supply to bring housing costs down. This project will create more much-needed rental homes for the people living and working in Calgary. It's an example of what's possible when governments and the private sector work together. It's also another step forward in our bold, ambitious plan to build Canada strong." – Corey Hogan, Parliamentary Secretary, Member of Parliament for Calgary Confederation on behalf of The Honourable Gregor Robertson, Minister of Housing and Infrastructure and Minister responsible for Pacific Economic Development Canada "The momentum we're seeing downtown is the result of years of strategic investment and collaboration. This conversion is another example of how working with the private sector is reshaping our downtown while delivering housing, driving economic growth, and building the future for all Calgarians." – Jyoti Gondek, Mayor of Calgary "We are proud to partner with the CMHC and the City on this transformative project. It's a powerful example of how public-private collaboration can creatively address housing needs while transforming underused office space into vibrant residential communities in the heart of downtown." – Jay Jiang, Chief Financial Officer, Dream Office REIT Quick Facts: The National Housing Strategy (NHS) is a 10+ year, $115+ billion plan to give more Canadians a place to call home. Progress on programs and initiatives are updated quarterly on the Housing, Infrastructure and Communities Canada (HICC) website. The Housing and Infrastructure Project Map shows affordable housing projects that have been developed. As of March 2025, the federal government has committed $65.84 billion to support the creation of over 166,000 units and the repair of over 322,000 units. These measures prioritize those in greatest need, including seniors, Indigenous Peoples, people experiencing or at risk of homelessness, and women and children fleeing violence. NHS is built on strong partnerships between the federal, provincial, and territorial governments, and continuous engagement with others, including municipalities, Indigenous governments and organizations, and the social and private housing sectors. This includes consultations with Canadians from all walks of life, and people with lived experience of housing need. The $55 billion Apartment Loan Construction Program (ACLP) is providing low-cost financing to support more than 131,000 new rental homes across Canada by 2031 – 2032. The ACLP provides fully repayable low-interest loans to encourage the construction of more rentals for middle-class Canadians. It creates a positive impact to the housing system at minimal cost to taxpayers. A stable supply of purpose-built rental housing is essential for more people in Canada to have access to housing that meets their needs. As of March 2025, CMHC has committed $23.35 billion in loans through ACLP to support the creation of more than 59,000 rental homes. It is one of many programs and initiatives under the National Housing Strategy designed to help address housing needs across the housing continuum. It complements other NHS initiatives that focus on funding affordable housing units for lower-income households. Budget 2024 announced enhancements to the ACLP which includes the program being extended from 2027 – 2028 to 2031 – 2032. The enhancements will allow applicants to apply for funding for on- and off-campus student housing to support post-secondary educational institutions as well as independent seniors housing. There are no longer minimum requirements relating to energy efficiency and accessibility, instead applicants will benefit from making stronger commitments to desired rental supply and social outcomes. The Downtown Calgary Development Incentive Program is a cornerstone of the broader Downtown Strategy. Since launching in 2021, the program has generated $4 in private investment for every $1 of public funding that is building a downtown that serves Calgary today and in the future. The program currently boasts three complete conversions, including the recently opened Element Calgary Downtown. Another four conversions are expected to open to residents in 2025, further advancing downtown as a vibrant, mixed-use community where Calgarians can live, work and play. To date, 21 office conversion projects have been approved, repurposing over 2.68 million square feet of vacant office space into 2,628 new homes, 226 hotel rooms, and a hostel. Funding provided for 606 4 th Street Southwest is as follows: $64.3 million from the federal government, through the National Housing Strategy's Apartment Construction Loan Program Up to $10.5 million from the City of Calgary Incentive Funds $9 million from 606 Fourth Inc in cash equity Additional Information: Visit for the most-requested Government of Canada housing information. CMHC plays a critical role as a national facilitator to promote stability and sustainability in Canada's housing finance system. Our mortgage insurance products support access to homeownership and the creation and maintenance of rental supply. We also actively support the Government of Canada in delivering on its commitment to make housing more affordable. Our research and data help inform housing policy. By facilitating cooperation between all levels of government, private and non-profit sectors, we contribute to advancing housing affordability, equity, and climate compatibility. Follow us on X, YouTube, LinkedIn, Facebook and Instagram. Learn more about how The City of Calgary and partners are shaping a greater downtown at SOURCE Canada Mortgage and Housing Corporation (CMHC)
Cision Canada
24 minutes ago
- Cision Canada
FMS CAPITAL TRUST FILES FINAL PROSPECTUS AND SETS CLOSING DATE FOR ITS INITIAL PUBLIC OFFERING
The final long form prospectus is accessible through SEDAR+ TORONTO, Aug. 13, 2025 /CNW/ - FMS Capital Trust (the " Trust") announced today that it has filed with the securities commissions or similar authorities in each of the provinces of Canada, and obtained a receipt for, a final prospectus (the " Prospectus") for its initial public offering of trust units (the " Offering"). The Prospectus qualifies the distribution of a minimum of C$40 million (the " Minimum Offering") and a maximum of C$60 million (the " Maximum Offering") of Class A Units and Class F Units of the Trust at a price of C$10.00 per Class A Unit and Class F Unit, which maximum and minimum amounts will be reduced by the amount of any units sold on a concurrent private placement basis. It is expected that the Offering and any concurrent private placement will close on or about August 27, 2025. The Trust is an unincorporated investment trust and was established for the primary purpose of investing in a portfolio of Canadian income-producing self-storage properties with a focus on underserved and overlooked markets. Following completion of the Offering, the Trust intends to indirectly acquire a cluster of three existing self-storage properties (the " Initial Portfolio"), each located in Ontario, Canada. The balance of the net proceeds of the Offering will be used to subsequently acquire one or more additional self-storage properties in Canada, consistent with the Trust's investment objectives. FMS Manager LP (the " Manager"), an affiliate of Forum Investment and Development Corporation (" Forum") and Make Space Inc. (" Make Space"), is the promoter of the Trust and will also act as manager of the portfolio of properties. Forum is an investor, developer and asset manager operating across North America for over 29 years, focusing on real estate, private equity and infrastructure. The enterprise value of Forum's assets under management currently exceeds $3.1 billion. 1 Since opening its first storage location in 2004, Make Space has expanded across Canada to become a leading self-storage business with 57 self‑storage assets, over 2.4 million square feet of rentable self-storage, and a 20-year track record in the industry. 1 _______________________________ 1 All figures are unaudited and based on Forum and Make Space's internal figures, data and analysis. The syndicate of agents for the Offering is being led by CIBC World Markets Inc. and includes Canaccord Genuity Corp., Desjardins Securities Inc., Richardson Wealth Limited, Wellington-Altus Private Wealth Inc., iA Private Wealth Inc., National Bank Financial Inc. and Raymond James Ltd. (collectively, the " Agents"). This press release does not constitute an offer to sell or the solicitation of an offer to buy securities of the Trust in the United States, nor shall there be any sale of the securities of the Trust in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the " 1933 Act"), and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act and applicable state securities laws. This Offering is being made to the public by prospectus. Access to the Prospectus and any amendment to the Prospectus is provided in accordance with securities legislation relating to procedures for providing access to a prospectus and any amendment. The Prospectus is accessible on SEDAR+ at An electronic or paper copy of the Prospectus and any amendment to the Prospectus may be obtained, without charge, from CIBC World Markets Inc. by telephone at 1-416-956-6378 or by email at [email protected], by providing such contact with an email address or address, as applicable. Prospective investors should read the Prospectus before making an investment decision. Forward-looking Statements This news release contains statements that include forward-looking information within the meaning of Canadian securities laws. These forward-looking statements reflect the current expectations of the Trust, Forum, Make Space and the Manager regarding future events, including statements concerning the use of proceeds of the Offering and the expected closing date of the Offering. In some cases, forward-looking statements can be identified by terms such as "may", "might", "will", "could", "should", "would", "occur", "expect", "plan", "anticipate", "believe", "intend", "seek", "aim", "estimate", "target", "project", "predict", "forecast", "potential", "continue", "likely", "schedule", or the negative thereof or other similar expressions concerning matters that are not historical facts. Material factors and assumptions used by management of the Trust to develop the forward-looking information include, but are not limited to, the Trust's current expectations about: vacancy and rental growth rates in the Canadian self‑storage market; demographic trends in Canada; the realization of property value appreciation and timing thereof; the inventory of self-storage properties; the availability of self-storage properties for acquisition (other than the properties comprising the Initial Portfolio) and the price at which such properties may be acquired; the price at which properties may be disposed and the timing thereof; closing and other transaction costs in connection with the acquisition and disposition of properties; the availability of mortgage financing and current interest rates; the capital structure of the Trust; the extent of competition for self-storage properties; assumptions about the markets in which the Trust intends to operate; expenditures and fees in connection with the maintenance, operation and administration of the properties; any capital costs to expand the scope of the properties comprising the Initial Portfolio; the ability of the Manager to manage and operate the properties; the global and Canadian economic environment, including changes in interest rates, capitalization rates and the rate of inflation; fluctuating global economic conditions; and governmental regulations or tax laws. While management considers these assumptions to be reasonable based on currently available information, they may prove to be incorrect. Although management believes the expectations reflected in such forward-looking statements are reasonable and represent the Trust's internal projections, expectations and beliefs at this time, such statements involve known and unknown risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities may not be achieved. A variety of factors, many of which are beyond the Trust's control, could cause actual results in future periods to differ materially from current expectations of estimated or anticipated events or results expressed or implied by such forward-looking statements. Such factors include the risks identified in the amended and restated preliminary prospectus and preliminary prospectus, including under the heading "Risk Factors" therein. Readers are cautioned against placing undue reliance on forward-looking statements. Except as required by applicable Canadian securities laws, the Trust undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
Vancouver Sun
an hour ago
- Vancouver Sun
Travelling through YVR this week? Check if your Air Canada flight is cancelled
Travellers flying through Vancouver International Airport and other airports across the country on Air Canada should prepare for flight cancellations and delays this week. On Wednesday morning, Air Canada said it plans to begin suspending Air Canada and Air Canada Rouge flights over the next 72 hours. Air Canada Express flights are not affected. In a statement, Vancouver International Airport said it is aware that both 72-hour strike notice and 72-hour lockout notice have been served as part of contract negotiations between Air Canada and CUPE representing Air Canada flight attendants across the country. This means that Air Canada service could be disrupted as of 9:58 p.m. PT on Friday. However, Air Canada has said it will begin adjusting its flight schedule as of Thursday so passengers travelling on Air Canada are advised to check the status of their flight at 'Although we continue to urge both parties to reach an agreement at the table, YVR is preparing for potential travel impacts should a work stoppage take place. This includes increasing terminal staffing to best support affected passengers,' YVR said in the statement. To address ongoing labour uncertainty following strike notice by CUPE, Air Canada's flight attendant union, a lock out notice was issued to CUPE today, effective Aug. 16. We will begin implementing our contingency plan to gradually begin an orderly wind down of operations. Air Canada says customers whose flights are cancelled will be notified and they will be eligible for a full refund. Start your day with a roundup of B.C.-focused news and opinion. By signing up you consent to receive the above newsletter from Postmedia Network Inc. A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Sunrise will soon be in your inbox. Please try again Interested in more newsletters? Browse here. The company also says it has made arrangements with other Canadian and foreign carriers to provide customers alternative travel options to the extent possible. The union representing around 10,000 Air Canada flight attendants issued 72-hour strike notice on Wednesday. In response, the airline issued a lockout notice. On Tuesday, Air Canada said it had reached an impasse with the union as the two sides remained far apart in contract talks. The union has said its main sticking points revolve around what it calls flight attendants' 'poverty wages' and unpaid labour when planes aren't in the air. 'Despite our best efforts, Air Canada refused to address our core issues,' the union said in a bargaining update post online. ticrawford@ With files from The Canadian Press
