Canada’s slow condominium market has created increased demand for “inventory financing” from developers looking to unlock trapped equity and speculative investors who acquired multiple units and are waiting for sale or rental prospects to improve.
Skyline Apartment REIT has acquired two newly built properties, in Mascouche, Que. and Parksville, B.C., in recent weeks as it methodically works to strengthen a portfolio that already offers considerable prospects for revenue growth.
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