Virtual Event

Industry Leaders: Navigating Struggle in the Canadian Apartment Sector with CMHC

Monday, January 21, 2025 at 11:00am EST | 4:00pm GMT
Public
ABOUT

Join our Canadian experts as they dive into the complexities of the Canadian residential sector to identify the factors market participants need to consider in the present environment.

The Canadian apartment sector has been facing issues over the past year. With turnover rates at record lows, apartment owners can still move in-place rent at a healthy pace. However, asking rents are flat and growth could be tepid in ’25 as changes in immigration policies should negatively impact demand. In addition, supply is expected to be substantial across the country next year.

Green Street’s team will be joined by Mr. Aled ab Iorwerth, Deputy Chief Economist at CMHC. Aled joined CMHC in 2016 with a PhD in Economics from Western University and master’s degrees in European and International Relations (from University of Amsterdam) and Economics (from Carleton University).

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What’s Covered
Canadian Apartment Sector Outlook
Examine recent challenges in the apartment market, including low turnover, flat asking rents, and supply pressures heading into 2025.
Immigration Policy & Demand Impact
Understand how evolving immigration policies may affect rental demand and growth potential in the year ahead.
Expert Perspectives from CMHC
Gain insights from CMHC Deputy Chief Economist Aled ab Iorwerth on key economic forces influencing Canada’s residential sector.
Featured Presenters
Frederic Blondeau
Managing Director, Head of Canadian Research
Fred brings nearly 30 years of global equity research experience in portfolio and risk management, earning Starmine’s #1 REITs Top Stock Picker award in 2020. He co-founded and led the Global Real Estate Group at Eterna Investment Management and Presima, and has held senior research roles at Laurentian Bank Securities, iA Capital Markets, Echelon Wealth Partners, and Eight Capital. Fred will lead our Canada research, bringing deep expertise to the global team.
Gaurav Mathur
Analyst, Canadian Research
Gaurav has over a decade of capital markets experience, specializing in REITs and private markets across commercial real estate sectors. Before joining Green Street, he held senior equity research roles at Laurentian Bank Securities, iA Capital Markets, and BMO Capital Markets, and began his career in investment banking with HSBC in London and India. He holds an MBA from the Rotman School of Management, University of Toronto, as well as a Masters in Finance and Technology and a Bachelors in Chemical Engineering from NMIMS, Mumbai.
Aled ab Iorwerth
Deputy Chief Economist, CMHC
Groundbreaking research by CMHC has revealed that inadequate supply is a key driver behind escalating house prices in cities like Vancouver and Toronto. The lead researcher for that project – Deputy Chief Economist Aled ab Iorwerth – now coordinates a diverse national team of researchers and analysts who are investigating impediments to housing supply and potential solutions.