Prime Group Holdings, LLC has made its second Canadian acquisition with the purchase of a 1,018-unit self-storage facility comprised of 67,476 rentable square feet and 63 parking spaces in Burnaby, B.C.
Unprecedented population growth, persistent higher interest rates and elevated housing prices across much of Canada are creating a unique set of challenges for the Western Canadian apartment development industry, according to ATB Financial chief economist Mark Parsons.
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