Developer tells Canadians priced out of home ownership: It's OK to rent [Financial Post (Toronto, Ontario, Canada)]
Tricon Residential Inc. (TCN)
Company Research
Source: Financial Post
You can save this article by registering for free here . Or sign-in if you have an account. With rents at record highs and vacancies at all-time lows, Canada is in the midst of a severe apartment crunch. Adrian Rocca is deploying rooftop pools, coffee-to-cocktail cafés and dog spas to get his country out of it. The company Rocca founded and runs, Fitzrovia, has 8,500 rental units under development, more than any other builder in Canada, in what amounts to an unprecedented bet on high-end apartments in the country. Article content Article content With higher rates of home ownership than many of its developed peers, renting in Canada has traditionally been seen as a transitory state for young people, or one reserved for those on lower incomes. But now that home prices and borrowing costs have spiralled out of reach even for many big earners, that may be changing. Rocca is looking to build an empire off that shift, and perhaps alleviate Canada's broader housing shortage while
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- Tricon Residential Inc. Announces Receipt of Investment Canada Act Approval for Take Private by Blackstone Real Estate [Yahoo! Finance]Yahoo! Finance
- Tricon Residential Inc. Announces Receipt of Investment Canada Act Approval for Take Private by Blackstone Real EstateBusiness Wire
- Blackstone (BX) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Canadian Investment Regulatory Organization Trade Resumption - TCNPR Web
- Canadian Investment Regulatory Organization Trading Halt - TCNPR Web
TCN
Sec Filings
- 4/25/24 - Form 6-K
- 4/11/24 - Form 6-K
- 4/5/24 - Form 6-K
- TCN's page on the SEC website