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Category: Residential

Brookfield to acquire mortgage lender Genworth/Sagen

RENX Staff Residential Transactions National Oct. 26 2020

Brookfield Business Partners (BBU.UN-T) announced Monday morning it plans to purchase all outstanding shares of Genworth MI Canada, the country’s largest private sector residential mortgage insurer, in a deal which values the firm at about $3.8 billion. Brookfield already owns

Calgary, Edmonton economies boost purpose-built rental

Mario Toneguzzi Residential Development Edmonton Oct. 23 2020

Developers are building or planning 94 projects in Calgary, and another 84 developments in Edmonton, participants in a multiresidential panel at the Alberta Real Estate Forum heard this week. However, even as the ongoing economic downturn makes rental apartments more

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