Canadas Retirement Fund Considering Investing In Building Rentals

[Economy 52,844]

https://www.bnnbloomberg.ca/if-the-opportunity-exists-cppib-open-to-investing-in-canada-s-rental-market-1.1693718

 

Canadas CPP (Canada Pension Plan) is considering a heavier investment in real-estate specifically in rental market

 

Although some of the investment would be buying up properties to rent thus not changing the amount of supply available to rent, some of the investment is also being proposed in building new rentals from scratch. Housing supply has been desperately needed in Canada for decades

 

This investment would kill 2 birds with 1 stone by giving the $497 Billion fund income while simultaneously investing in something that not only creates jobs but also is useful and helps work towards the goal of solving Canadas housing crisis

 

However spokesman also made it clear the decision will be made ultimately on whether or not it makes financial sense. Although added rental supply would be great for Canada as a secondary benefit the funds primary objective is to grow capital so it can pay those who are retired not solve Canadas social problems.