Forum Asset Management’s Acquisition of Alignvest Student Housing REIT’s Portfolio
Forum Asset Management’s Real Estate Income and Impact Fund (REIIF) has agreed to acquire Alignvest Student Housing Real Estate Investment Trust’s (REIT) portfolio for $1.686 billion. This acquisition will make REIIF the leading owner of purpose-built student accommodations (PBSA) in Canada, managing nearly 10,500 beds. The deal is expected to close by the end of 20241. This move will help address the growing need for high-quality student housing in supply-constrained markets across Canada.
CREA’s 39th PAC Days in Ottawa
The Canadian Real Estate Association (CREA) held its 39th Political Action Committee (PAC) Days in Ottawa from October 20-22, 20242. Over 450 REALTORS® from across Canada met with more than 120 Members of Parliament to advocate for policies that encourage access to housing for all Canadians. Key issues included establishing a national housing roundtable, leveraging infrastructure funding, and developing a housing workforce immigration strategy.
Competition Bureau’s Property Controls in the Grocery Industry
The Competition Bureau has been focusing on property controls within the grocery industry to ensure fair competition and prevent monopolistic practices5. This involves monitoring and regulating the ownership and operation of grocery stores to maintain a competitive market, which benefits consumers by keeping prices fair and ensuring a variety of choices.
