UBC Graduate Research

Manitoba and Winnipeg market analysis : an economic overview and office & industrial market analysis Karu, Chris

Abstract

Great West Life Realty Advisors, as a wholly owned subsidiary of The Great-West Life Assurance Company, provides asset and property management, development and real estate advisory services on behalf of pension funds and institutional and retail investors. In 2014 GWL Realty Advisors managed 288 properties totalling $16.5 billion across Canada, with 246 (85%) of assets in Ontario, Alberta, Quebec and British Columbia valued at over $15.5 billion (93%).1 Real estate acquisition opportunities in secondary Canadian markets are becoming a focus for many institutional investors, as quality assets in core markets are becoming hard to find due to increased demand for real estate and rising asset prices. GWL Realty Advisors views Winnipeg as a potential investment destination and thus initiated this economic and real estate market overview focusing on office and industrial properties. This report is a summation of the Portfolio Analysis and Research Services department’s review of Winnipeg and Manitoba’s key economic indicators and office and industrial markets.

Item Citations and Data

Rights

Attribution-NonCommercial-NoDerivatives 4.0 International