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
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
For further information:
K. (Rai) Sahi
Chief Executive Officer