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