MISSISSAUGA, ON, July 23, 2012 /CNW/ - Morguard Corporation (TSX: MRC) ("Morguard") released its 2012 Second Quarter Canadian Economic Outlook and Market Fundamentals research report.
The quarterly update report provides commentary on investment trends, economic data, financial conditions and leasing fundamentals that affect the performance, attractiveness and associated risk and outlook for the real estate investment market in Canada.
While the European financial crisis unfolds, investor concerns about global financial and economic instability continue to support Canadian property investment. This has put a robust demand on asset pricing beyond the most recent peak and has impacted cap rates. As a result, some investors have increasingly looked to development as a source of yield. The report concludes that investor demand will continue to support peak pricing across property sub-categories in the Canadian market over the near-term.
"Stock market volatility and below-average bond yields have cast real estate in a favourable light with investors," said Keith Reading, Director of Research at Morguard. "The by-product of the resulting increase in demand has been price inflation and a competitive bidding environment."A copy of the 2012 Second Quarter report is available at www.morguard.com. Morguard is an expert in North American real estate ownership, investment and management. With a strategic focus on high-quality assets and diversification, Morguard has a proven track record of realizing the potential of real estate through consistent investment performance. Morguard currently has $11 billion of assets owned and under management. The integrated real estate services company manages its own real estate portfolio, as well as invests and manages on behalf of third-party institutional and private real estate investors. Morguard offers a comprehensive range of real estate services, including acquisitions and development, to asset management, leasing, property management, research, and valuation services. Morguard Corporation also owns a 44.8% interest in Morguard Real Estate Investment Trust and a 67.6% effective interest in the Morguard North American Residential Real Estate Investment Trust. For more information, visit the Company's website at www.morguard.com. SOURCE Morguard Corporation