Latest news with #AngelaSahi
Cision Canada
4 days ago
- Business
- Cision Canada
Investor Confidence Holds Steady in Canada's Multi-Suite Residential and Commercial Real Estate Markets in Q2 2025: Morguard
MISSISSAUGA, ON, Aug. 13, 2025 /CNW/ - Investor confidence in Canada's multi-suite residential rental properties remained strong in the second quarter with demand continuing to outpace supply. Industrial and office asset classes showed resiliency despite ongoing global trade tensions and economic uncertainty, according to Morguard's 2025 Economic Outlook and Market Fundamentals Second Quarter Update ("Morguard") (TSX: MRC). "Canada's real estate market continues to be supported by solid fundamentals that foster long-term optimism and growth," said Angela Sahi, President and Chief Operating Officer of Morguard. "Even amid market volatility, investor interest in high-quality industrial and office properties remains strong." Multi-Suite Residential Real Estate Multi-suite residential rental transaction volume rose in the second quarter after a slower start to the year. A total of $812.0 million in transaction volume was reported, marking a 39.4% increase quarter-over-quarter. Investor sentiment remained positive, driven by the asset class's healthy medium- to long-term fundamentals and its proven ability to perform during periods of economic softness. While rental demand is expected to moderate in the coming quarters, partly due to lower immigration and temporary worker targets and increased first-time homebuyer activity, asking rents are projected to climb through next year as newly constructed supply enters the market. Commercial Real Estate High-quality industrial opportunities, such as logistics and warehouse properties, remained highly attractive to investors. Approximately half of the industrial properties sold were purchased by users, many of whom opted to buy space instead of paying elevated lease rates. Private capital groups also remained active by targeting acquisition opportunities in a less competitive market. The Canadian office leasing market remained relatively stable in the second quarter. Trophy assets remained popular among tenants seeking highly-amenitized spaces in core locations. Office rents were also relatively stable with modest upward pressure reported for space in trophy buildings. Retail investment activity moderated in the second quarter following a strong start to the year. Several large transactions were completed earlier in 2025, and sales of retail properties have remained surprisingly brisk over the past year. Economic Factors Canada's economy showed signs of cooling in the second quarter, following a stronger-than-expected performance earlier in 2025. Trade disruptions and tariff pressures weighed on job creation, consumer spending, and business investment. Despite these headwinds, core inflation remained largely under control. Looking ahead, the Bank of Canada will face the challenge of balancing support for economic growth with its mandate to maintain price stability. "While global economic conditions continue to evolve, the Canadian real estate market is showing encouraging signs of stability," said Keith Reading, Senior Director, Research at Morguard. "With balanced fundamentals and continued investor interest in core sectors, the outlook for the second half of 2025 remains positive." Released today by Morguard, the 2025 Canadian Economic Outlook and Market Fundamentals Second Quarter Update provides a comprehensive breakdown of the real estate investment trends and outlook to watch in Canada. The full report is available at Investor interest in multi-suite residential rental assets remained strong, supported by healthy fundamentals. Office leasing market conditions stabilized, with demand focused on high-quality and amenity-rich buildings. Industrial availability rose with the delivery of new supply while user and investor interest in space for logistics remained firm. The Bank of Canada will need to strike a balance between supporting economic growth and maintaining inflation stability amid ongoing trade uncertainty. About Morguard Corporation Morguard Corporation is a major North American real estate and property management company. It has extensive retail, office, industrial, hotel and residential holdings owned directly and through its investment in Morguard Real Estate Investment Trust and Morguard North American Residential REIT. Morguard also provides real estate management services to institutional and other investors. Morguard's owned and managed portfolio of assets is valued at $19.1 billion. This year, Morguard proudly celebrates 50 years of leadership, innovation, and growth in the real estate industry. For more information, visit or follow us on LinkedIn and Instagram. Forward Looking Statement Disclaimer Statements contained herein that are not based on historical or current fact, including without limitation statements containing the words "anticipates," "believes," "may," "continue," "estimate," "expects" and "will" and words of similar expression, constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking statements. Such factors include, among others, the following: general economic and business conditions, both nationally and regionally; changes in business strategy; financing risk; existing governmental regulations and changes in, or the failure to comply with, governmental regulations; liability and other claims asserted; and other factors. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The Publisher does not assume the obligation to update or revise any forward-looking statements.
Yahoo
24-06-2025
- Business
- Yahoo
Morguard Rings TSX Closing Bell to Commemorate 50 Years of Excellence
MISSISSAUGA, ON, June 24, 2025 /CNW/ - Morguard ("Morguard") (TSX: MRC) marked a major milestone in the company's history, closing the market at the Toronto Stock Exchange (TSX) in celebration of 50 years since the establishment of Morguard Investments Limited and more than 60 years since the company's original TSX listing. Angela Sahi, President and Chief Operating Officer, Morguard, joined Dani Lipkin, Managing Director, Global Innovations Sector, TSX, and a group of Morguard employees to ring the closing bell at the TSX Market Centre at 120 Adelaide Street West in Toronto on June 20, 2025. The event recognized Morguard's decades-long leadership in North American real estate and its enduring commitment to value creation, operational excellence, and community impact. "It was an honour to ring the closing bell at the Toronto Stock Exchange in celebration of this important milestone," said Angela Sahi. "Each and every Morguard employee should be proud of what we have accomplished over the past five decades and the positive momentum we continue to build. As we look to the future, we remain committed to creating value for our stakeholders and leading with purpose in a constantly evolving real estate landscape." Morguard has consistently demonstrated strength across its asset classes, including residential, retail, office, industrial, and hotel properties. The company has expanded its diverse portfolio through key acquisitions and developments, while advancing our strategy of creating asset strength and long-term value, and commitment to stability and resilience. Morguard was listed on the TSX in 1962 as Acklands Limited. After shifting toward real estate in the 1990s, the company was renamed Morguard Corporation in 2002 to reflect its focus on real estate. Morguard Investments Limited, incorporated in 1975 as a real estate management and advisory firm, later became a core part of Morguard Corporation's integrated structure. The 50-year anniversary commemorates its establishment as a key driver of the company's growth and operations. A video of the ceremony is now available on TMX Group YouTube channel and Morguard's website. Pictures from the event will be available on Morguard's social channels. About Morguard Corporation Morguard Corporation is a major North American real estate and property management company. It has extensive retail, office, industrial, hotel and residential holdings owned directly and through its investment in Morguard Real Estate Investment Trust and Morguard North American Residential REIT. Morguard also provides real estate management services to institutional and other investors. Morguard's owned and managed portfolio of assets is valued at $18.7 billion. This year, Morguard proudly celebrates 50 years of leadership, innovation, and growth in the real estate industry. For more information, visit or follow us on LinkedIn and Instagram. SOURCE Morguard Corporation View original content to download multimedia:
Cision Canada
24-06-2025
- Business
- Cision Canada
Morguard Rings TSX Closing Bell to Commemorate 50 Years of Excellence
MISSISSAUGA, ON, June 24, 2025 /CNW/ - Morguard ("Morguard") (TSX: MRC) marked a major milestone in the company's history, closing the market at the Toronto Stock Exchange (TSX) in celebration of 50 years since the establishment of Morguard Investments Limited and more than 60 years since the company's original TSX listing. Angela Sahi, President and Chief Operating Officer, Morguard, joined Dani Lipkin, Managing Director, Global Innovations Sector, TSX, and a group of Morguard employees to ring the closing bell at the TSX Market Centre at 120 Adelaide Street West in Toronto on June 20, 2025. The event recognized Morguard's decades-long leadership in North American real estate and its enduring commitment to value creation, operational excellence, and community impact. "It was an honour to ring the closing bell at the Toronto Stock Exchange in celebration of this important milestone," said Angela Sahi. "Each and every Morguard employee should be proud of what we have accomplished over the past five decades and the positive momentum we continue to build. As we look to the future, we remain committed to creating value for our stakeholders and leading with purpose in a constantly evolving real estate landscape." Morguard has consistently demonstrated strength across its asset classes, including residential, retail, office, industrial, and hotel properties. The company has expanded its diverse portfolio through key acquisitions and developments, while advancing our strategy of creating asset strength and long-term value, and commitment to stability and resilience. Morguard was listed on the TSX in 1962 as Acklands Limited. After shifting toward real estate in the 1990s, the company was renamed Morguard Corporation in 2002 to reflect its focus on real estate. Morguard Investments Limited, incorporated in 1975 as a real estate management and advisory firm, later became a core part of Morguard Corporation's integrated structure. The 50-year anniversary commemorates its establishment as a key driver of the company's growth and operations. A video of the ceremony is now available on TMX Group YouTube channel and Morguard's website. Pictures from the event will be available on Morguard's social channels. About Morguard Corporation Morguard Corporation is a major North American real estate and property management company. It has extensive retail, office, industrial, hotel and residential holdings owned directly and through its investment in Morguard Real Estate Investment Trust and Morguard North American Residential REIT. Morguard also provides real estate management services to institutional and other investors. Morguard's owned and managed portfolio of assets is valued at $18.7 billion. This year, Morguard proudly celebrates 50 years of leadership, innovation, and growth in the real estate industry.
Cision Canada
10-06-2025
- Business
- Cision Canada
Investor Demand Exceeded Acquisition Opportunities in Multi-Suite Residential Rental Property Market in Q1 2025: Morguard
MISSISSAUGA, ON, June 10, 2025 /CNW/ - Investors continued to exhibit strong interest in acquiring core-quality multi-suite residential rental property that were expected to generate attractive yields. However, the availability of properties for acquisition was limited, according to Morguard's 2025 Economic Outlook and Market Fundamentals First Quarter Update ("Morguard") (TSX: MRC). "The multi-suite residential rental sector's continued resilience was observed in the first quarter, amid global trade tensions," said Angela Sahi, President and Chief Operating Officer of Morguard. "Although the shifting global economic and financial landscape may further reshape the market, Canada's real estate sector is underpinned by solid fundamentals that should support it through periods of uncertainty." Multi-Suite Residential Real Estate Demand for multi-suite residential rental property acquisitions outpaced supply in the first quarter. Investors maintained strong interest in acquiring core-quality individual assets and portfolios expected to generate attractive yields. However, supply constraints continued to limit sales closings. Asking rent growth for the largest multi-suite residential rental units was the strongest in the first quarter of 2025. A combination of factors including the high cost of homeownership, persistent inflation, and economic volatility supported demand for larger rental units. These dynamics contributed to above-average asking rent growth for three-bedroom units over the past year. Looking ahead, demand and rent growth for larger units are expected to remain elevated amid intensifying economic uncertainty. Commercial Real Estate There was little change in office leasing market conditions in the first quarter of 2025, continuing the trend observed throughout 2024. The national average vacancy rate stood at 18.7% at the end of March, down 10 bps quarter-over-quarter. The national downtown vacancy rate edged down by 10 bps to 19.9% while the suburban vacancy rate was unchanged. Upward pressure on the national industrial leasing market availability rate eased in the first quarter, driven by a slowdown in new supply deliveries and a notable increase in occupancy. Overall, leasing market fundamentals are projected to moderate with availability expected to rise modestly following a temporary reprieve in the first quarter. Retail investment property sales activity ticked higher, driving an increase in quarter-over-quarter transaction volume. The uptick was largely attributed to an acquisition of 50% interest in Southgate Centre in Edmonton and 100% interest in the Oshawa Centre for a combined $585 million. Looking ahead, commercial real estate investment sales activity is expected to remain muted as investors focus on lower risk acquisitions in light of heightened uncertainty and the looming risk of a potential recession. "The Canadian real estate market is facing one of the most pivotal moments in its history as tariff threats continue to shift the global economic narrative," said Keith Reading, Senior Director, Research at Morguard. "While the current real estate landscape carries a degree of uncertainty, Canada's market is expected to exhibit a measure of resilience with new opportunities emerging on the horizon." Economic Factors The Bank of Canada continued its rate-cutting cycle in the first quarter, in consideration of the nation's relatively strong economic position at the beginning of 2025. However, as the U.S. imposed tariffs on Canada and other countries, economic uncertainty and downside growth risk increased. In its decision to lower interest rates, the Bank of Canada considered the nation's relatively strong economic position at the beginning of 2025. Notwithstanding, both economic growth and inflation are expected to face headwinds due to the ongoing impacts of global trade tensions and the imposition of U.S. tariffs, which continue to influence the broader economic landscape. Given the rising business costs and diminishing levels of confidence stemming from these trade disruptions, job growth in Canada began to moderate in the first quarter after witnessing some strengthening in late 2024. By and large, the U.S. tariff will remain a key driver of market volatility in the near term. Released today by Morguard, the 2025 Canadian Economic Outlook and Market Fundamentals First Quarter Update provides a detailed analysis of the real estate investment trends and outlook to watch in Canada. The full report is available at Investors maintained strong interest in multi-suite residential acquisition opportunities. Canada's office leasing market stabilized in the first quarter of 2025, in keeping largely with the previous year's trend. Retail investment transaction volume increased The country entered 2025 in a relatively strong economic position while the Bank of Canada reiterated that monetary policy would have limited influence on the effects of a global trade war. About Morguard Corporation Morguard Corporation is a major North American real estate and property management company. It has extensive retail, office, industrial, hotel and residential holdings owned directly and through its investment in Morguard Real Estate Investment Trust and Morguard North American Residential REIT. Morguard also provides real estate management services to institutional and other investors. Morguard's owned and managed portfolio of assets is valued at $18.7 billion. This year, Morguard proudly celebrates 50 years of leadership, innovation, and growth in the real estate industry. For more information, visit or follow us on LinkedIn and Instagram. Forward Looking Statement Disclaimer Statements contained herein that are not based on historical or current fact, including without limitation statements containing the words "anticipates," "believes," "may," "continue," "estimate," "expects" and "will" and words of similar expression, constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, events or developments, to be materially different from any future results, events or developments expressed or implied by such forward-looking statements. Such factors include, among others, the following: general economic and business conditions, both nationally and regionally; changes in business strategy; financing risk; existing governmental regulations and changes in, or the failure to comply with, governmental regulations; liability and other claims asserted; and other factors. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The Publisher does not assume the obligation to update or revise any forward-looking statements.
Yahoo
10-06-2025
- Business
- Yahoo
Investor Demand Exceeded Acquisition Opportunities in Multi-Suite Residential Rental Property Market in Q1 2025: Morguard
MISSISSAUGA, ON, June 10, 2025 /CNW/ - Investors continued to exhibit strong interest in acquiring core-quality multi-suite residential rental property that were expected to generate attractive yields. However, the availability of properties for acquisition was limited, according to Morguard's 2025 Economic Outlook and Market Fundamentals First Quarter Update ("Morguard") (TSX: MRC). "The multi-suite residential rental sector's continued resilience was observed in the first quarter, amid global trade tensions," said Angela Sahi, President and Chief Operating Officer of Morguard. "Although the shifting global economic and financial landscape may further reshape the market, Canada's real estate sector is underpinned by solid fundamentals that should support it through periods of uncertainty." Multi-Suite Residential Real EstateDemand for multi-suite residential rental property acquisitions outpaced supply in the first quarter. Investors maintained strong interest in acquiring core-quality individual assets and portfolios expected to generate attractive yields. However, supply constraints continued to limit sales closings. Asking rent growth for the largest multi-suite residential rental units was the strongest in the first quarter of 2025. A combination of factors including the high cost of homeownership, persistent inflation, and economic volatility supported demand for larger rental units. These dynamics contributed to above-average asking rent growth for three-bedroom units over the past year. Looking ahead, demand and rent growth for larger units are expected to remain elevated amid intensifying economic uncertainty. Commercial Real EstateThere was little change in office leasing market conditions in the first quarter of 2025, continuing the trend observed throughout 2024. The national average vacancy rate stood at 18.7% at the end of March, down 10 bps quarter-over-quarter. The national downtown vacancy rate edged down by 10 bps to 19.9% while the suburban vacancy rate was unchanged. Upward pressure on the national industrial leasing market availability rate eased in the first quarter, driven by a slowdown in new supply deliveries and a notable increase in occupancy. Overall, leasing market fundamentals are projected to moderate with availability expected to rise modestly following a temporary reprieve in the first quarter. Retail investment property sales activity ticked higher, driving an increase in quarter-over-quarter transaction volume. The uptick was largely attributed to an acquisition of 50% interest in Southgate Centre in Edmonton and 100% interest in the Oshawa Centre for a combined $585 million. Looking ahead, commercial real estate investment sales activity is expected to remain muted as investors focus on lower risk acquisitions in light of heightened uncertainty and the looming risk of a potential recession. "The Canadian real estate market is facing one of the most pivotal moments in its history as tariff threats continue to shift the global economic narrative," said Keith Reading, Senior Director, Research at Morguard. "While the current real estate landscape carries a degree of uncertainty, Canada's market is expected to exhibit a measure of resilience with new opportunities emerging on the horizon." Economic FactorsThe Bank of Canada continued its rate-cutting cycle in the first quarter, in consideration of the nation's relatively strong economic position at the beginning of 2025. However, as the U.S. imposed tariffs on Canada and other countries, economic uncertainty and downside growth risk increased. In its decision to lower interest rates, the Bank of Canada considered the nation's relatively strong economic position at the beginning of 2025. Notwithstanding, both economic growth and inflation are expected to face headwinds due to the ongoing impacts of global trade tensions and the imposition of U.S. tariffs, which continue to influence the broader economic landscape. Given the rising business costs and diminishing levels of confidence stemming from these trade disruptions, job growth in Canada began to moderate in the first quarter after witnessing some strengthening in late 2024. By and large, the U.S. tariff will remain a key driver of market volatility in the near term. Released today by Morguard, the 2025 Canadian Economic Outlook and Market Fundamentals First Quarter Update provides a detailed analysis of the real estate investment trends and outlook to watch in Canada. The full report is available at Investors maintained strong interest in multi-suite residential acquisition opportunities. Canada's office leasing market stabilized in the first quarter of 2025, in keeping largely with the previous year's trend. Retail investment transaction volume increased The country entered 2025 in a relatively strong economic position while the Bank of Canada reiterated that monetary policy would have limited influence on the effects of a global trade war. About Morguard CorporationMorguard Corporation is a major North American real estate and property management company. It has extensive retail, office, industrial, hotel and residential holdings owned directly and through its investment in Morguard Real Estate Investment Trust and Morguard North American Residential REIT. Morguard also provides real estate management services to institutional and other investors. Morguard's owned and managed portfolio of assets is valued at $18.7 billion. This year, Morguard proudly celebrates 50 years of leadership, innovation, and growth in the real estate industry. For more information, visit or follow us on LinkedIn and Instagram. Forward Looking Statement DisclaimerStatements contained herein that are not based on historical or current fact, including without limitation statements containing the words "anticipates," "believes," "may," "continue," "estimate," "expects" and "will" and words of similar expression, constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, events or developments, to be materially different from any future results, events or developments expressed or implied by such forward-looking statements. Such factors include, among others, the following: general economic and business conditions, both nationally and regionally; changes in business strategy; financing risk; existing governmental regulations and changes in, or the failure to comply with, governmental regulations; liability and other claims asserted; and other factors. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The Publisher does not assume the obligation to update or revise any forward-looking statements. SOURCE Morguard Corporation View original content:
