Investors for Affordable Cities: An online forum on responsible investment and the financialization of housing
OnlineAffordable housing is at a crisis point in Canada. Against a backdrop of rising homeownership costs, a shortage of affordable rental units and escalating rents, institutional investors are increasing their allocations to residential real estate through vehicles such as joint ventures, private equity funds and Real Estate Investment Trusts (REITs). Predatory practices to replace low-paying tenants with higher paying tenants, evictions disproportionately impacting racialized communities and deteriorating conditions in aging buildings owned by […]