Canada Invests $444m With Company That Says Millennials Don’t Want A Home
Canada keeps repeating it’s spending billions on new housing, but with who, and how does it help? Earlier this week, Deputy Prime Minister Chrystia Freeland announced $1.2 billion worth of investments to build rentals in Toronto. It turns out over a third of those funds are going into one project—373 Front St East, which are rentals planned years ago. Toronto-based Tricon Capital is one of the owners of the 855 unit project. They are best-known for buying and owning tens of thousands of single-family homes in a short time.
Tricon is a successful firm well positioned to profit from Trudeau’s mass immigration driven perpetual housing shortage.
I wonder if Liberal Party connections exist.
