| Morguard Real Estate Investment Trust Declares December 2018 Distribution of 8 Cents per Unit | GP0|#f6ee19df-6c3a-4081-bd74-668207df6964;L0|#0f6ee19df-6c3a-4081-bd74-668207df6964|Morguard;GTSet|#bbd2a0ca-f457-44e3-b106-3c8139b9e1fa | GP0|#ca7174ac-6e4b-4ce1-b570-12f3c9be8efe;L0|#0ca7174ac-6e4b-4ce1-b570-12f3c9be8efe|Morguard REIT;GTSet|#08f799fb-3b4e-446d-9e79-1b6ddfdd40a2;GP0|#50f77e71-a149-46fd-90c2-9f738ea9df00;L0|#050f77e71-a149-46fd-90c2-9f738ea9df00|Real Estate Investment | 2018-11-30T05:00:00Z | <font color="#000000" face="Times New Roman" size="3">
</font><p>Morguard Real Estate Investment
Trust (the "Trust") (TSX: MRT.UN) today announced that it has
declared a distribution of 8 cents per unit for the month of December
2018. The distribution will be payable on December 31, 2018 to
unitholders of record as at December 14, 2018.</p><font color="#000000" face="Times New Roman" size="3">
</font><p><strong>About Morguard Real Estate
Investment Trust</strong></p><font color="#000000" face="Times New Roman" size="3">
</font><p>The Trust is a closed-end real
estate investment trust, which owns a diversified portfolio of 49 high quality
retail, office and industrial income producing properties in Canada consisting
of approximately 8.6 million square feet of leaseable space.</p><font color="#000000" face="Times New Roman" size="3">
</font><font color="#000000" face="Times New Roman" size="3">
</font><p><img src="https://rt.newswire.ca/rt.gif?NewsItemId=C7224&Transmission_Id=201811301000CANADANWCANADAPR_C7224&DateId=20181130" alt="" style="border-width:0px;margin:5px;width:1px;" /></p><font color="#000000" face="Times New Roman" size="3">
</font><p>For further information:
Morguard Real Estate Investment Trust: K. Rai Sahi, President and Chief
Executive Officer, T 905-281-4800; Andrew Tamlin, Chief Financial Officer, T
905-281-4800</p><font color="#000000" face="Times New Roman" size="3">
</font> | https://www.morguard.com/news-knowledge/posts/morguard-reit-dec2018-distribution | | |
| Morguard Wins Leasing Professional of the Year at FRPO MAC Gala | GP0|#f6ee19df-6c3a-4081-bd74-668207df6964;L0|#0f6ee19df-6c3a-4081-bd74-668207df6964|Morguard;GTSet|#bbd2a0ca-f457-44e3-b106-3c8139b9e1fa | GP0|#14ddfd02-772e-4184-813f-3edbb2e94651;L0|#014ddfd02-772e-4184-813f-3edbb2e94651|Morguard Corporation;GTSet|#08f799fb-3b4e-446d-9e79-1b6ddfdd40a2;GP0|#3e31cf64-7302-4306-b3fd-abaa24a28863;L0|#03e31cf64-7302-4306-b3fd-abaa24a28863|Property Management;GP0|#50f77e71-a149-46fd-90c2-9f738ea9df00;L0|#050f77e71-a149-46fd-90c2-9f738ea9df00|Real Estate Investment | 2018-11-30T05:00:00Z | <p>Congratulations to Morguard's
<strong>Roomana Nazli </strong>(pictured centre), who was awarded a 2018 FRPO MAC Award for Leasing Professional of Year. The award recognizes an individual, nominated by their employer, who has done an outstanding job in multi-suite residential leasing in Ontario.</p><p>Roomana is a key team member at Morguard's Rideau Towers, a four-tower multi-suite residential community in Toronto. As Senior Leasing Administrator, Roomana leads leasing activity at all four buildings in the complex, representing more than 1,500 suites. Despite this large portfolio, Roomana and her team maintain a vacancy level of less than one percent.</p><p>Roomana's contributions go beyond the leasing process. The neighbourhood is popular with new Canadians, and Roomana goes out of her way to help make new residents feel welcome, including helping with translations and taking part in community events. The stellar level of customer service Roomana provides helps elevate Rideau Towers as the community of choice in the neighbourhood.</p><p>Congratulations are also in order to
<strong>Mikala Demarchi </strong>(pictured left), who was nominated in the same category for her stellar performance at Morguard's 160 Chapel residence in Ottawa. The building has a large student population, with high turnover in the summer months. Despite this challenge, Mikala achieved and maintained 100% occupancy at the property.</p><p>"We're proud of Roomana and Mikala and their dedication to providing residents with a positive rental experience at our Morguard communities," said Ruth Grabel, Director of Asset Management at Morguard and a member of the FRPO Board of Directors. "Their hard work and positive attitudes have helped differentiate their properties as the place to call home in their respective communities." </p><p>Morguard is proud to be a member of FRPO, the largest association in Ontario representing those who own, manage, build and finance, service and supply residential rental homes. The annual MAC Awards gala recognizes excellence in the residential rental housing industry in Ontario. </p><p></p><p></p>
<img src="/PublishingImages/News_Knowledge/Posts/2018-FRPO.jpg" alt="" style="margin:0px;" />
| https://www.morguard.com/news-knowledge/posts/morguard-wins-leasing-professional-of-the-year-2018-frpo | | |
| Investor Confidence to Drive Robust Investment Sales Activity in Canada's Commercial Real Estate Sector in 2019: Morguard | GP0|#f6ee19df-6c3a-4081-bd74-668207df6964;L0|#0f6ee19df-6c3a-4081-bd74-668207df6964|Morguard;GTSet|#bbd2a0ca-f457-44e3-b106-3c8139b9e1fa | GP0|#14ddfd02-772e-4184-813f-3edbb2e94651;L0|#014ddfd02-772e-4184-813f-3edbb2e94651|Morguard Corporation;GTSet|#08f799fb-3b4e-446d-9e79-1b6ddfdd40a2;GP0|#50f77e71-a149-46fd-90c2-9f738ea9df00;L0|#050f77e71-a149-46fd-90c2-9f738ea9df00|Real Estate Investment | 2018-11-22T05:00:00Z | <div style="text-align:center;"><font color="#000000" face="Times New Roman" size="3">
</font></div><p style="text-align:center;"><em>Real
Estate Investment Trends to Watch in Canada in 2019</em></p><font color="#000000" face="Times New Roman" size="3">
</font><p><font color="#000000" face="Times New Roman" size="3">
</font></p><p>Today, Morguard Corporation
("Morguard") (TSX: MRC) released its <strong><em>2019 Canadian Economic
Outlook and Market Fundamentals Report</em></strong>. The report, Morguard's 21st
annual edition, states that activity levels and consumer appetite for quality
Canadian real estate assets steadily increased in 2018, with strong indications
for a positive outlook for 2019.</p><font color="#000000" face="Times New Roman" size="3">
</font><p>The full report, with regional
insights and video, is available on Morguard's website at <a href="/research" target="_blank">morguard.com/research</a>.</p><font color="#000000" face="Times New Roman" size="3">
</font><p>"Canadian commercial real
estate has proven to be an attractive asset class for various investment groups
recently, a trend that will continue into 2019," said Keith Reading,
Director of Research, Morguard. "Over the past 18 months, investors placed
capital into the market with confidence, resulting in record-high sales volume.
The market shows no signs of slowing, as investors continue to show interest in
core and core-plus quality properties with strong tenant profiles in Canada's major
urban centres – while site intensification and repositioning opportunities
continue to shape the Canadian real estate landscape." </p><font color="#000000" face="Times New Roman" size="3">
</font><p>The multi-suite residential
asset class posted a record-high flow of capital in 2018, a trend that is
expected to carry over into 2019. The national vacancy rate is expected to hold
at or near the cycle low, resulting in modest upward pressure on monthly rent
averages. Demographic shifts, housing conditions and migration patterns will
continue to boost rental demand, while low levels of new construction activity
will provide little relief from the shortage of vacant units available for
prospective renters. Healthy fundamentals will make the multi-suite residential
asset class very attractive for investors in 2019.</p><font color="#000000" face="Times New Roman" size="3">
</font><p>For the office asset class, the
mature phase of the cycle was extended, resulting in a record high pace of
investment during much of 2018. Industrial property investment trends were also
generally bullish, as the asset class placed first in terms of market performance
during 2018. Morguard's 2019 outlook for the office and industrial asset
classes is positive, with demand outstripping supply in most of Canada's urban
centres.</p><font color="#000000" face="Times New Roman" size="3">
</font><p>Retail investment property
sales also hit a record-high in 2018, despite heightened risk in the broader
industry and fairly mixed leasing performance. While retail sales growth
continues to moderate, properties with development or repositioning potential
are expected to generate strong interest among the investment community looking
ahead to 2019.</p><font color="#000000" face="Times New Roman" size="3">
</font><p>Canada's economy is forecast to
expand at a fairly solid rate, which will translate into continued labour
market progression and increased consumer spending. Sustained economic
expansion over the next few years bodes well for the Canadian commercial real
estate sector as a service provider to the economy. Canadian commercial
property sales activity will remain robust over the near term, against a
backdrop of positive overall sector performance. </p><font color="#000000" face="Times New Roman" size="3">
</font><p>The 2019 Economic Outlook and
Market Fundamentals Report is a detailed analysis of the 2019 real estate
investment trends to watch in Canada. The full report, including regional
analysis, is available at <a href="/research" target="_blank">morguard.com/research</a>. </p><font color="#000000" face="Times New Roman" size="3">
</font><p><strong>About Morguard Corporation</strong><br>
Morguard Corporation is
a major North American real estate company. It has extensive retail, office,
industrial, multi–suite residential, and hotel holdings owned directly, or
through its investment in Morguard North American Residential REIT (TSX:
MRG.UN), Morguard REIT (TSX: MRT.UN), and Temple Hotels Inc. (TSX:TPH).
Morguard also provides real estate management services to institutional and
other investors. Morguard's owned and managed portfolio of assets is valued at
$21.6 billion. Please visit <a href="/" target="_blank">morguard.com</a>
or follow us on <a href="https://www.linkedin.com/company/morguard/" target="_blank">LinkedIn</a>.</p><font color="#000000" face="Times New Roman" size="3">
</font><p><strong>Forward Looking Statement
Disclaimer</strong><br>
Statements contained
herein that are not based on historical or current fact, including without
limitation statements containing the words "anticipates,"
"believes," "may," "continue,"
"estimate," "expects" and "will" and words of
similar expression, constitute "forward-looking statements." Such
forward-looking statements involve known and unknown risks, uncertainties and
other factors that may cause the actual results, events or developments to be
materially different from any future results, events or developments expressed
or implied by such forward-looking statements. Such factors include, among
others, the following: general economic and business conditions, both
nationally and regionally; changes in business strategy; financing risk;
existing governmental regulations and changes in, or the failure to comply
with, governmental regulations; liability and other claims asserted; and other
factors. Given these uncertainties, readers are cautioned not to place undue
reliance on such forward-looking statements. The Publisher does not assume the
obligation to update or revise any forward-looking statements.</p><font color="#000000" face="Times New Roman" size="3">
</font> | https://www.morguard.com/news-knowledge/posts/morguard-2019-economic-outlook | | |
| Morguard Expects Steady Improvement of Alberta’s Real Estate Market in 2019 | GP0|#f6ee19df-6c3a-4081-bd74-668207df6964;L0|#0f6ee19df-6c3a-4081-bd74-668207df6964|Morguard;GTSet|#bbd2a0ca-f457-44e3-b106-3c8139b9e1fa | GP0|#14ddfd02-772e-4184-813f-3edbb2e94651;L0|#014ddfd02-772e-4184-813f-3edbb2e94651|Morguard Corporation;GTSet|#08f799fb-3b4e-446d-9e79-1b6ddfdd40a2;GP0|#50f77e71-a149-46fd-90c2-9f738ea9df00;L0|#050f77e71-a149-46fd-90c2-9f738ea9df00|Real Estate Investment | 2018-11-22T05:00:00Z | <p style="text-align:center;"><em>Most asset classes show signs of strengthening in both Calgary and Edmonton</em></p><p>Morguard Corporation today released its <strong><em>2019 Canadian Economic Outlook and Market Fundamentals Report </em></strong>including a detailed analysis of the outlooks for Calgary and Edmonton across major real estate product classes. The full report and supporting video outlining report highlights are available on Morguard's website at <a href="/research"><span lang="EN-US" style="text-decoration:underline;">morguard.com/research</span></a>.</p><p>While still trailing Canada's other urban centres, Calgary and Edmonton's commercial real estate markets showed modest strengthening against a backdrop of increased optimism heading into 2019.</p><p><strong>Multi-suite residential</strong></p><p>"Calgary's multi-suite residential rental market is showing signs of recovery as occupancy rates have started to improve," said Keith Reading, Director of Research at Morguard and author of the report. "Vacancy reductions have been driven by positive demand outpacing new supply to the market, supported by increased employment and international migration."</p><p>Edmonton's multi-suite residential market is also showing signs of improvement. Rental demand has accelerated as a byproduct of a strong economic growth trend and the rising rate of family formation within Edmonton's younger worker age cohorts. Increased migration to the region has also contributed to the demand pressure, which was to a large extent offset by the introduction of newly built supply to the market. Rents are expected to continue to gradually stabilize during the late stages of 2018 and into 2019.</p><p><strong>Industrial</strong></p><p>Calgary's industrial sector is seeing a construction surge as optimism with regard to the regional economic outlook builds. Distribution space demand has strengthened substantially, driven in part by e-commerce related businesses. Other economic sectors contributing to the industrial leasing demand pressure include companies entering the cannabis industry and the region's oil and gas sector. </p><p>Edmonton's industrial sector has seen modest strengthening as a material improvement in supply fundamentals was reported over the past year. A renewed economic growth trend that began in 2017 has fueled demand for industrial space across Edmonton's major business sectors, generating expansion activity. Rental rates are anticipated to stabilize by 2019 as a byproduct of strengthened Greater Edmonton Area (GEA) industrial leasing fundamentals. </p><p><strong>Office</strong></p><p>Calgary's office market remains weak despite a modest recovery in the region's oil sector. Demand has been largely driven by tenants looking to renew or take advantage of the oversupply of vacant space. Market vacancy has continued to rise in 2018 and reached an all-time high of 26.1 per cent for all classes of space. This has produced some of the lowest average rents on record and caused construction activity to stand at a cycle low. As 2018 came to a close, owners were hopeful that the worst was over.</p><p>Edmonton's office leasing market has shown modest strengthening, due in part to the ICE District acting as a catalyst for increased activity downtown. The moderately improved downtown demand trend has been rooted in the region's financial, insurance, legal and government sectors. Stabilized energy prices and the ensuing economic activity has also been a demand driver in Edmonton, resulting in the absorption of vacant office space across the region and a reduction in vacancy. Going into 2019, the continued unfolding of the office leasing market recovery is expected to eventually have a positive impact on rents.</p><p><strong>Retail </strong></p><p>Calgary's retail segment has been resilient, even in the face of increased vacancy levels. Demand fundamentals for Calgary retail have been fairly healthy with a number of recent store openings and expansions including major retailers and new restaurant concepts, drug stores and banks in mixed-use projects. </p><p>The GEA's retail segment has also been fairly resilient, showing positive retail leasing market performance despite persistent sector headwinds. "GEA activity was strongest in new developments on the city outskirts, and in a handful of revitalized commercial strips," said Reading. "The GEA's leasing market performance overall has reflected this market's resilience, contributing to a moderately positive 2019 outlook."</p><p>The 2019 Economic Outlook and Market Fundamentals Research Report is a detailed analysis of the 2019 real estate investment trends to watch in Canada. The full report, including regional analysis, is available at <a href="/research"><span lang="EN-US" style="text-decoration:underline;">morguard.com/research</span></a>. </p><p><strong>About Morguard Corporation</strong></p><p>Morguard Corporation (TSX: MRC) is a major North American real estate company. It has extensive retail, office, industrial, multi–suite residential, and hotel holdings owned directly, or through its investment in Morguard North American Residential REIT (TSX: MRG.UN), Morguard REIT (TSX: MRT.UN) and Temple Hotels Inc. (TSX:TPH). Morguard also provides real estate management services to institutional and other investors. Morguard's owned and managed portfolio of assets is valued at $21.6 billion. Please visit <a href="/"><span lang="EN-US" style="text-decoration:underline;">morguard.com</span></a> or follow us on <a href="https://www.linkedin.com/company/morguard/"><span lang="EN-US" style="text-decoration:underline;">LinkedIn</span></a>.</p><p><strong>Forward Looking Statement Disclaimer</strong></p><p>Statements contained herein that are not based on historical or current fact, including without limitation statements containing the words "anticipates," "believes," "may," "continue," "estimate," "expects" and "will" and words of similar expression, constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking statements. Such factors include, among others, the following: general economic and business conditions, both nationally and regionally; changes in business strategy; financing risk; existing governmental regulations and changes in, or the failure to comply with, governmental regulations; liability and other claims asserted; and other factors. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The Publisher does not assume the obligation to update or revise any forward-looking statements.</p> | https://www.morguard.com/news-knowledge/posts/2019-outlook-alberta | | |
| Morguard Expects Solid Growth Pattern Will Prevail for B.C.’s Real Estate Market in 2019 | GP0|#f6ee19df-6c3a-4081-bd74-668207df6964;L0|#0f6ee19df-6c3a-4081-bd74-668207df6964|Morguard;GTSet|#bbd2a0ca-f457-44e3-b106-3c8139b9e1fa | GP0|#14ddfd02-772e-4184-813f-3edbb2e94651;L0|#014ddfd02-772e-4184-813f-3edbb2e94651|Morguard Corporation;GTSet|#08f799fb-3b4e-446d-9e79-1b6ddfdd40a2;GP0|#50f77e71-a149-46fd-90c2-9f738ea9df00;L0|#050f77e71-a149-46fd-90c2-9f738ea9df00|Real Estate Investment | 2018-11-22T05:00:00Z | <p style="text-align:center;"><em>Low vacancy across all asset classes characterize a positive outlook for Vancouver and Victoria</em></p><p>Morguard Corporation today released its <strong><em>2019 Canadian Economic Outlook and Market Fundamentals Report </em></strong>including a detailed analysis of the outlooks for Vancouver and Victoria across major real estate product classes. The full report is available on Morguard's website at <a href="/research"><span lang="EN-US" style="text-decoration:underline;">morguard.com/research</span></a>.</p><p>Overall, investment activity in Vancouver and Victoria was very strong in 2018. Supply shortages are predicted in all asset classes, particularly Office and Industrial, as the growth cycle is expected to continue in 2019.</p><p><strong>Multi-suite residential </strong></p><p>Constrained supply has been the overriding theme in the Greater Vancouver Area (GVA)'s multi-suite residential rental market, which has been the case for the past several years. "Rental demand has consistently outdistanced supply in Vancouver and the resulting imbalance has been exacerbated by a lack of completed new developments," said Keith Reading, Director of Research at Morguard and author of the report. "The scarcity of residential options has been consistent across all unit size categories and submarkets. Supply constraints are expected to continue to dictate GVA market trends for at least the near term."</p><p>Victoria's multi-suite residential market has also been characterized by extremely limited availability, with vacancy at less than 1.0 per cent reported over the past three years. Rental demand has been brisk, with new arrivals to Victoria competing for a limited number of rental units. A healthy local economy and job market has attracted many new arrivals seeking work, while a conservative construction cycle has done little to mitigate the supply shortfall. Average monthly rents continue to rise. The market's demand/supply imbalance is expected to continue as the dominant asset class theme going into 2019.</p><p><strong>Industrial</strong></p><p>Vancouver's industrial sector has seen consistently healthy leasing market fundamentals of late, as a range of businesses in the warehouse and distribution, manufacturing and logistics sectors have expanded. Expansion activity has been a byproduct of robust economic growth over the past few years. "Landlords have been able to achieve full, or close to full, occupancy resulting in significant upward rent pressure. Average industrial rents have reached an all-time high of $10.00 per square foot in 2018," said Reading. "Newly constructed and highly functional industrial space is a rental rate premium rents in Vancouver, as a reflection of sustained leasing market strength. The outlook for 2019 will see continued market strength in the GVA."</p><p>The dominant theme of Victoria's industrial sector has been constrained supply, with availability falling to 1.7 per cent in the summer of 2018 from the prior year's 2.4 per cent. Both public and private organizations were forced to 'make do' with their existing spaces when looking to relocate due to the shortfall of suitable space. A tepid construction cycle did little to alleviate low availability. Tenants were also faced with increased occupancy costs and the market's demand supply imbalance greatly favoured landlords, who have been able to command higher rents. Victoria's industrial landlords have generally been in the driver's seat, a trend Morguard expects to continue into 2019.</p><p><strong>Office </strong></p><p>Supply constraints in Vancouver's office leasing market has impeded progress as businesses looking to expand or relocate have found it difficult to source alternatives. A strong demand cycle forced businesses to compete for a limited volume of vacant space. Shared workspace and technology-related companies have been key drivers of the GVA's office sector growth, in addition to above-average economic growth in professional services and financial services sectors. Market vacancy has followed a downward trend, and tenants have been forced to accept rising rents. While supply constraints have been a challenge for tenants, they more significantly hinder the GVA's outlook for broader market progress going forward.</p><p>Victoria's office sector has generated stronger-than-expected leasing fundamentals, driven largely by buoyant demand. "Greater Victoria's public and private sectors have seen expansion activity beyond expectations," said Reading. "Vacancy levels have trended downward in 2018, although rents have held steady. However, upward pressure on rents is anticipated going forward, given stable demand and further downward vacancy pressure."</p><p><strong>Retail </strong></p><p>Vancouver's retail leasing market performance has been fairly bullish despite the existence of a number of broader industry headwinds. Rents for prime locations have continued to rise and demand remains strong. A healthy vacancy rate reported for the GVA's 41.0 million square feet of retail property is demonstrative of the market's resilience during a period of heightened risk. The recent Sears store closures have presented opportunities for retailers seeking prime GVA locations and landlords looking to make adjustments to their tenant mix. </p><p>"Greater Victoria's retail sector has improved following a period of excess vacancy," said Reading. "Declining vacancy has been a byproduct of positive demand patterns across a range of retail categories including cannabis, food and beverage and several high profile labels. Furthermore, an uptick in development activity market-wide is yet another indication of the Greater Victoria's health and prospects for 2019."</p><p>The 2019 Economic Outlook and Market Fundamentals Research Report is a detailed analysis of the 2019 real estate investment trends to watch in Canada. The full report, including regional analysis, is available at <a href="/research"><span lang="EN-US" style="text-decoration:underline;">morguard.com/research</span></a>. </p><p><strong>About Morguard Corporation</strong></p><p>Morguard Corporation (TSX: MRC) is a major North American real estate company. It has extensive retail, office, industrial, multi–suite residential, and hotel holdings owned directly, or through its investment in Morguard North American Residential REIT (TSX: MRG.UN), Morguard REIT (TSX: MRT.UN) and Temple Hotels Inc. (TSX:TPH). Morguard also provides real estate management services to institutional and other investors. Morguard's owned and managed portfolio of assets is valued at $21.6 billion. Please visit <a href="/"><span lang="EN-US" style="text-decoration:underline;">morguard.com</span></a> or follow us on <a href="https://www.linkedin.com/company/morguard/"><span lang="EN-US" style="text-decoration:underline;">LinkedIn</span></a>.</p><p><strong>Forward Looking Statement Disclaimer</strong></p><p>Statements contained herein that are not based on historical or current fact, including without limitation statements containing the words "anticipates," "believes," "may," "continue," "estimate," "expects" and "will" and words of similar expression, constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking statements. Such factors include, among others, the following: general economic and business conditions, both nationally and regionally; changes in business strategy; financing risk; existing governmental regulations and changes in, or the failure to comply with, governmental regulations; liability and other claims asserted; and other factors. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The Publisher does not assume the obligation to update or revise any forward-looking statements.</p> | https://www.morguard.com/news-knowledge/posts/2019-outlook-british-columbia | | |
| Morguard Forecasts Solid Outlook for Manitoba and Saskatchewan in 2019 | GP0|#f6ee19df-6c3a-4081-bd74-668207df6964;L0|#0f6ee19df-6c3a-4081-bd74-668207df6964|Morguard;GTSet|#bbd2a0ca-f457-44e3-b106-3c8139b9e1fa | GP0|#14ddfd02-772e-4184-813f-3edbb2e94651;L0|#014ddfd02-772e-4184-813f-3edbb2e94651|Morguard Corporation;GTSet|#08f799fb-3b4e-446d-9e79-1b6ddfdd40a2;GP0|#50f77e71-a149-46fd-90c2-9f738ea9df00;L0|#050f77e71-a149-46fd-90c2-9f738ea9df00|Real Estate Investment | 2018-11-22T05:00:00Z | <p style="text-align:center;"><em>Healthy demand characterizes most Winnipeg asset classes, while industrial and retail sectors in Regina and Saskatoon trend positively</em></p><p>Morguard Corporation today released its <strong><em>2019 Canadian Economic Outlook and Market Fundamentals Report </em></strong>including a detailed analysis of the outlook for key Manitoba and Saskatchewan markets in major real estate asset classes. The full report and supporting video outlining report highlights are available on Morguard's website at <a href="/research"><span lang="EN-US" style="text-decoration:underline;">morguard.com/research</span></a>.</p><p>"The 2019 outlook is largely positive across all real estate asset classes in the key Prairie markets of Winnipeg, Regina and Saskatoon," said Keith Reading, Director of Research at Morguard and author of the report. "Healthy demand characterized the outlook for Winnipeg's multi-suite residential, office and industrial market, and retail leasing trends have been fairly positive. While industrial demand in Regina's industrial leasing market has been a little weaker year-over-year, the outlook for this market is strong. Additionally, Saskatoon's economy shows signs it has turned a corner to the positive, which bodes well for the region's 2019 prospects."</p><p><strong>Manitoba</strong></p><p>Winnipeg's multi-suite residential rental market has seen brisk demand offsetting supply. This trend is buoyed by positive migration trends and the aging of the region's population as senior Manitobans seek interim rentals before moving into retirement residences.</p><p>Solid demand fundamentals point to continued strength in the office sector in 2019. "Winnipeg's office market is stable and healthy a condition that has been punctuated by a healthy demand cycle moderate upward press on average downtown rents," said Reading.</p><p>Vacancies in Winnipeg's industrial sector have been low, with overall availability standing at just 3.2 per cent and construction activity remaining low due to rising costs, all giving industrial landlords the upper hand. </p><p>Winnipeg's retail market has seen mixed results, with average vacancy of 10.5 per cent reported at the end of 2018 with an expectation of further increases in 2019. However, leasing trends in some retail market segments have been moderately positive resulting in new market entries by Lowe's, The Rec Room, Mr. Mikes and Jollibee.</p><p><strong>Saskatchewan</strong></p><p>"In Regina's industrial sector the 2019 outlook is generally positive, following a period of leasing stability and a weak demand trend," said Reading.</p><p>Saskatoon's economic growth trend of the past two years signaled an end to the commodities-driven slump. Looking ahead, steady economic gains are forecast for the Greater Saskatoon Area (GSA). </p><p>"Modest progression characterized the GSA's retail leasing market performance in the past year with a number of expansions and new store openings taking place against a backdrop of rising vacancy," said Reading. "Despite the upward vacancy trend, which hit a high of 4.0 per cent in 2018 and a rental rate levelling, Saskatoon's retail leasing market continues to gain ground."</p><p>The 2019 Economic Outlook and Market Fundamentals Research Report is a detailed analysis of the 2019 real estate investment trends to watch in Canada. The full report, including regional analysis, is available at <a href="/research"><span lang="EN-US" style="text-decoration:underline;">morguard.com/research</span></a>. </p><p><strong>About Morguard Corporation</strong></p><p>Morguard Corporation (TSX: MRC) is a major North American real estate company. It has extensive retail, office, industrial, multi–suite residential, and hotel holdings owned directly, or through its investment in Morguard North American Residential REIT (TSX: MRG.UN), Morguard REIT (TSX: MRT.UN) and Temple Hotels Inc. (TSX:TPH). Morguard also provides real estate management services to institutional and other investors. Morguard's owned and managed portfolio of assets is valued at $21.6 billion. Please visit <a href="/"><span lang="EN-US" style="text-decoration:underline;">morguard.com</span></a> or follow us on <a href="https://www.linkedin.com/company/morguard/"><span lang="EN-US" style="text-decoration:underline;">LinkedIn</span></a>.</p><p><strong>Forward Looking Statement Disclaimer</strong></p><p>Statements contained herein that are not based on historical or current fact, including without limitation statements containing the words "anticipates," "believes," "may," "continue," "estimate," "expects" and "will" and words of similar expression, constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking statements. Such factors include, among others, the following: general economic and business conditions, both nationally and regionally; changes in business strategy; financing risk; existing governmental regulations and changes in, or the failure to comply with, governmental regulations; liability and other claims asserted; and other factors. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The Publisher does not assume the obligation to update or revise any forward-looking statements.</p> | https://www.morguard.com/news-knowledge/posts/2019-outlook-manitoba-saskatchewan | | |
| Morguard Anticipates Strong 2019 Real Estate Performance in Montreal | GP0|#f6ee19df-6c3a-4081-bd74-668207df6964;L0|#0f6ee19df-6c3a-4081-bd74-668207df6964|Morguard;GTSet|#bbd2a0ca-f457-44e3-b106-3c8139b9e1fa | GP0|#14ddfd02-772e-4184-813f-3edbb2e94651;L0|#014ddfd02-772e-4184-813f-3edbb2e94651|Morguard Corporation;GTSet|#08f799fb-3b4e-446d-9e79-1b6ddfdd40a2;GP0|#50f77e71-a149-46fd-90c2-9f738ea9df00;L0|#050f77e71-a149-46fd-90c2-9f738ea9df00|Real Estate Investment | 2018-11-22T05:00:00Z | <p style="text-align:center;"><em>Economic growth and stability on all fronts support a positive outlook for the region</em></p><p>Morguard Corporation today released its <strong><em>2019 Canadian Economic Outlook and Market Fundamentals Report </em></strong>including a detailed analysis of Montreal's economic performance and trends to watch in 2019 as they relate to major real estate product classes. The full report is available on Morguard's website at <a href="/research"><span lang="EN-US" style="text-decoration:underline;">morguard.com/research</span></a>.</p><p>Labour market outperformance was a key economic growth driver in the Greater Montreal Area (GMA) with employment rising for a fourth consecutive year in 2018. The region's unemployment rate was driven steadily downward. The rate was expected to fall below the 6.0 per cent level by year end. </p><p>"Montreal's industrial sector is stronger than ever, with rents, occupancy and land costs all rising, much to the credit of the region's technology, manufacturing, cannabis production and logistics sectors," said Keith Reading, Director of Research, Morguard, and author of the report. "Leasing demand has consistently outpaced supply over much of 2017 and 2018, with building availability falling to a 16-year low of 5.3 per cent in 2018. This trend led to a sharp increase in development activity and climbing rents, signaling the beginning of a new growth cycle for the GMA's industrial sector."</p><p>Montreal's multi-suite residential market also exhibited strong rental fundamentals over the past year. Vacancies consistently declined, dipping below 3.0 per cent in 2018 compared with 4.0 per cent in 2017, despite a steady stream of newly built units added to the market. A sharp increase in net migration in 2017 and 2018, decade-high economic and job growth and an increase in young people leaving home and choosing to rent helped strengthen rental market fundamentals and healthy rental demand patterns.</p><p>"The retail market demonstrated resilience in the face of major industry changes, most notably vacancies created by Sears and other store closures. Strong economic and labour market performance supported positive consumer spending patterns, retailer expansion activity and stabilizing vacancy levels," said Reading. "Prime locations continued to be in demand as retailers looked to capitalize on a healthy fundamental backdrop. Market resilience was further underscored by the region's construction cycle and the resulting addition of newly built retail space."</p><p>Overall, the office market is fairly stable, as demand continues to outpace supply. The technology sector drove expansion in Montreal's office market, particularly creating demand for loft-style spaces. Concurrently, the broader office market contended with a number of headwinds including variations in leasing market conditions such as higher vacancy levels created by large subleases and the delivery of newly constructed and recently renovated space to market. This translated to minimal rental rate growth and average market vacancy at 13.0 per cent at the end of the first half of 2018, up from 12.4 per cent a year ago. </p><p>The 2019 Economic Outlook and Market Fundamentals Research Report is a detailed analysis of the 2019 real estate investment trends to watch in Canada. The full report, including regional analysis, is available at <a href="/research"><span lang="EN-US" style="text-decoration:underline;">morguard.com/research</span></a>. </p><p><strong>About Morguard Corporation</strong></p><p>Morguard Corporation (TSX: MRC) is a major North American real estate company. It has extensive retail, office, industrial, multi–suite residential, and hotel holdings owned directly, or through its investment in Morguard North American Residential REIT (TSX: MRG.UN), Morguard REIT (TSX: MRT.UN) and Temple Hotels Inc. (TSX:TPH). Morguard also provides real estate management services to institutional and other investors. Morguard's owned and managed portfolio of assets is valued at $21.6 billion. Please visit <a href="/"><span lang="EN-US" style="text-decoration:underline;">morguard.com</span></a> or follow us on <a href="https://www.linkedin.com/company/morguard/"><span lang="EN-US" style="text-decoration:underline;">LinkedIn</span></a>.</p><p><strong>Forward Looking Statement Disclaimer</strong></p><p>Statements contained herein that are not based on historical or current fact, including without limitation statements containing the words "anticipates," "believes," "may," "continue," "estimate," "expects" and "will" and words of similar expression, constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking statements. Such factors include, among others, the following: general economic and business conditions, both nationally and regionally; changes in business strategy; financing risk; existing governmental regulations and changes in, or the failure to comply with, governmental regulations; liability and other claims asserted; and other factors. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The Publisher does not assume the obligation to update or revise any forward-looking statements.</p> | https://www.morguard.com/news-knowledge/posts/2019-outlook-montreal | | |
| Morguard Forecasts Continued Growth in Ottawa’s 2019 Real Estate Market | GP0|#f6ee19df-6c3a-4081-bd74-668207df6964;L0|#0f6ee19df-6c3a-4081-bd74-668207df6964|Morguard;GTSet|#bbd2a0ca-f457-44e3-b106-3c8139b9e1fa | GP0|#14ddfd02-772e-4184-813f-3edbb2e94651;L0|#014ddfd02-772e-4184-813f-3edbb2e94651|Morguard Corporation;GTSet|#08f799fb-3b4e-446d-9e79-1b6ddfdd40a2;GP0|#50f77e71-a149-46fd-90c2-9f738ea9df00;L0|#050f77e71-a149-46fd-90c2-9f738ea9df00|Real Estate Investment | 2018-11-22T05:00:00Z | <p style="text-align:center;"><em>A healthy technology sector and expanding public sector lead positive economic trends in the region</em></p><p>Morguard Corporation today released its <strong><em>2019 Canadian Economic Outlook and Market Fundamentals Report</em></strong> including a detailed analysis of Ottawa's economic performance and trends to watch in 2019 as they relate to major real estate product classes. The full report is available on Morguard's website at <a href="/research"><span lang="EN-US" style="text-decoration:underline;">morguard.com/research</span></a>.</p><p>All sectors in the Ottawa market have seen progress, bolstered by a healthy technology sector and expanding public sector. The Greater Ottawa Area (GOA) job market performance has been impressive, with 2019 employment projected to exceed the 20-year annual average of 11,900 jobs, largely attributable to the region's public sector, which has posted strong growth totals. </p><p>"Going forward, reduced unemployment levels and public sector expansion are expected to moderate, while construction sector output is expected to rise over the near term, contributing significantly to Ottawa's 2019 growth prospects," said Keith Reading, Morguard's Director of Research and author of the report. </p><p>The Conference Board of Canada forecast a 2.4 per cent rise in construction output in 2019, with a number of large scale developments are anticipated to extend Ottawa's long run of prosperity over the next 12 to 24 months. Most notably among these are the O-Train transit system with a price tag of $1.2 billion for its first stage, and the Confederation Line, which is nearing completion.</p><p>"The demand cycle in Ottawa's multi-suite residential market has strengthened as vacancy levels remain low. The performance outlook for Ottawa's multi-suite residential sector is largely positive," said Reading. "Rental market conditions are expected to strengthen, which will in turn support stronger income performance and attractive sector returns. We expect these trends to draw investment to the region and anticipate aggressive multi-party bids on high quality properties."</p><p>Investment demand in the office market is strong, but access to product continues to be an issue, with a limited supply of high quality buildings brought to market for sale. The public sector has been the greatest demand-driver historically, while technology sector expansion has added diversity to the market and absorbed space vacated by the public sector. "On average, Ottawa's office vacancy levels have favoured tenants in 2018 resulting in an absence of material upward pressure on rents," said Reading. "Going into 2019, leasing market conditions are expected to steadily improve to a point where landlords will hold the upper hand."</p><p>In Ottawa's retail sector, while Sears store closings boosted regional centre average vacancy, the market was otherwise stable. Discounters and international retailers continued to expand, while some brands either downsized or disappeared altogether. Restaurant and other food services uses also continued to thrive, and rental rate trends have varied, in keeping with the broader leasing market theme.</p><p>The 2019 Economic Outlook and Market Fundamentals Research Report is a detailed analysis of the 2019 real estate investment trends to watch in Canada. The full report, including regional analysis, is available at <a href="/research"><span lang="EN-US" style="text-decoration:underline;">morguard.com/research</span></a>. </p><p><strong>About Morguard Corporation</strong></p><p>Morguard Corporation (TSX: MRC) is a major North American real estate company. It has extensive retail, office, industrial, multi–suite residential, and hotel holdings owned directly, or through its investment in Morguard North American Residential REIT (TSX: MRG.UN), Morguard REIT (TSX: MRT.UN) and Temple Hotels Inc. (TSX:TPH). Morguard also provides real estate management services to institutional and other investors. Morguard's owned and managed portfolio of assets is valued at $21.6 billion. Please visit <a href="/"><span lang="EN-US" style="text-decoration:underline;">morguard.com</span></a> or follow us on <a href="https://www.linkedin.com/company/morguard/"><span lang="EN-US" style="text-decoration:underline;">LinkedIn</span></a>.</p><p><strong>Forward Looking Statement Disclaimer</strong></p><p>Statements contained herein that are not based on historical or current fact, including without limitation statements containing the words "anticipates," "believes," "may," "continue," "estimate," "expects" and "will" and words of similar expression, constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking statements. Such factors include, among others, the following: general economic and business conditions, both nationally and regionally; changes in business strategy; financing risk; existing governmental regulations and changes in, or the failure to comply with, governmental regulations; liability and other claims asserted; and other factors. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The Publisher does not assume the obligation to update or revise any forward-looking statements.</p> | https://www.morguard.com/news-knowledge/posts/2019-outlook-ottawa | | |
| Morguard Projects Growth for Toronto’s Real Estate Market in 2019 | GP0|#f6ee19df-6c3a-4081-bd74-668207df6964;L0|#0f6ee19df-6c3a-4081-bd74-668207df6964|Morguard;GTSet|#bbd2a0ca-f457-44e3-b106-3c8139b9e1fa | GP0|#14ddfd02-772e-4184-813f-3edbb2e94651;L0|#014ddfd02-772e-4184-813f-3edbb2e94651|Morguard Corporation;GTSet|#08f799fb-3b4e-446d-9e79-1b6ddfdd40a2;GP0|#50f77e71-a149-46fd-90c2-9f738ea9df00;L0|#050f77e71-a149-46fd-90c2-9f738ea9df00|Real Estate Investment | 2018-11-22T05:00:00Z | <p style="text-align:center;"><em>Healthy demand cycle supports low vacancy rates in residential, office and industrial property classes, while retail vacancies rise</em></p><p>Morguard Corporation today released <strong><em>2019 Canadian Economic Outlook and Market Fundamentals Report </em></strong>including a detailed analysis of the Greater Toronto Area's economic performance and 2019 trends to watch as they relate to major real estate asset classes. The full report and supporting video outlining report highlights are available on Morguard's website at <a href="/research"><span lang="EN-US" style="text-decoration:underline;">morguard.com/research</span></a>.</p><p>"Toronto's multi-suite residential market continues to be in a healthy demand cycle as supply remains low, with vacancy levels close to 1.0 per cent for the past 24 months," said Keith Reading, Director of Research at Morguard and author of the report. "Positive migration patterns and increased employment levels have added to rental demand pressure and an imbalanced market."</p><p>The office market in Toronto is facing similar supply constraints, as downtown vacancies stood at a 20-year low of 2.6 per cent in 2018, and the class A holding at an even tighter 2.0 per cent. Office demand has consistently outdistanced supply over the past few years, with technology and shared work space companies accounting for the largest portion of Toronto's office growth trend. Additionally, newly constructed space has been absorbed at a fairly rapid pace. As the downtown leasing market remains tight, rents have steadily climbed, a trend Morguard predicts will continue into the foreseeable future.</p><p>Space shortages in the GTA's industrial market continues to be an issue, with construction activity below the long term average due to the shortage and high cost of land. Average vacancy rested at 2.2 per cent in 2018 and available options were few as new construction has been leased up either prior to or shortly after completion. Demand continues to be rooted in the logistics and warehouse sectors, which coupled with low vacancy has pushed rents higher. However, further expansion in the GTA's industrial market will be limited by record-low availability.</p><p>"There has been a measure of progress in certain segments of Toronto's retail market, but vacancy has increased. The vacancy rate stabilized at 7.7 per cent in 2018 with the balance of the GTA's leasing market remaining relatively tight due to a healthy demand cycle," said Reading. "As the country's largest population centre and economy, the GTA remains a key target for food services, discount brands and luxury stores looking to expand into or enter the Canadian market."</p><p>The 2019 Economic Outlook and Market Fundamentals Research Report is a detailed analysis of the 2019 real estate investment trends to watch in Canada. The full report, including regional analysis, is available at <a href="/research"><span lang="EN-US" style="text-decoration:underline;">morguard.com/research</span></a>. </p><p><strong>About Morguard Corporation</strong></p><p>Morguard Corporation (TSX: MRC) is a major North American real estate company. It has extensive retail, office, industrial, multi–suite residential, and hotel holdings owned directly, or through its investment in Morguard North American Residential REIT (TSX: MRG.UN), Morguard REIT (TSX: MRT.UN) and Temple Hotels Inc. (TSX:TPH). Morguard also provides real estate management services to institutional and other investors. Morguard's owned and managed portfolio of assets is valued at $21.6 billion. Please visit <a href="/"><span lang="EN-US" style="text-decoration:underline;">morguard.com</span></a> or follow us on <a href="https://www.linkedin.com/company/morguard/"><span lang="EN-US" style="text-decoration:underline;">LinkedIn</span></a>.</p><p><strong>Forward Looking Statement Disclaimer</strong></p><p>Statements contained herein that are not based on historical or current fact, including without limitation statements containing the words "anticipates," "believes," "may," "continue," "estimate," "expects" and "will" and words of similar expression, constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking statements. Such factors include, among others, the following: general economic and business conditions, both nationally and regionally; changes in business strategy; financing risk; existing governmental regulations and changes in, or the failure to comply with, governmental regulations; liability and other claims asserted; and other factors. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The Publisher does not assume the obligation to update or revise any forward-looking statements.</p> | https://www.morguard.com/news-knowledge/posts/2019-outlook-toronto | | |
| Morguard North American Residential REIT Declares November 2018 Distribution of $0.0566 per Unit | GP0|#f6ee19df-6c3a-4081-bd74-668207df6964;L0|#0f6ee19df-6c3a-4081-bd74-668207df6964|Morguard;GTSet|#bbd2a0ca-f457-44e3-b106-3c8139b9e1fa | GP0|#50f77e71-a149-46fd-90c2-9f738ea9df00;L0|#050f77e71-a149-46fd-90c2-9f738ea9df00|Real Estate Investment;GTSet|#08f799fb-3b4e-446d-9e79-1b6ddfdd40a2;GP0|#a9eac8ae-d456-40d5-af28-dc36ae543995;L0|#0a9eac8ae-d456-40d5-af28-dc36ae543995|Morguard North American Residential REIT | 2018-11-15T05:00:00Z | <p><span style="font-size:1em;background-color:transparent;color:inherit;">Morguard North American Residential Real Estate Investment Trust (the "REIT") (TSX: MRG.UN) today announced that it has declared a distribution of $0.0566 per unit for the month of November 2018. The distribution will be payable on December 14, 2018 to unitholders of record as at November 30, 2018.</span></p><p><span style="font-size:1em;background-color:transparent;color:inherit;"><br></span></p><p><strong>About Morguard North American Residential REIT</strong></p><p>The REIT is an unincorporated, open-ended real estate investment trust which owns, through a limited partnership, interests in a portfolio of 16 Canadian residential apartment communities, located in Alberta and Ontario, and 30 U.S. residential apartment communities located in Colorado, Texas, Louisiana, Illinois, Georgia, Florida, North Carolina, Virginia and Maryland consisting of approximately 13,000 residential suites.<br></p><p><br></p><p>For further information: Morguard North American Residential REIT, K. Rai Sahi, Chief Executive Officer, T 905-281-3800; Robert D. Wright, Chief Financial Officer, T 905-281-3800<br></p> | https://www.morguard.com/news-knowledge/posts/morguard-narrreit-declares-november-2018-distribution | | |
