Report Highlights

  • We are resuming coverage on YEG. YEG operates a portfolio of multi-family residential properties in B.C. and AB, generating stable cash flows. Management has 30+ years in property management, construction, land development, leasing, and brokering.

  • B.C. is the most expensive province for rental housing in Canada, while AB reported the fastest rent growth last year.

  • We maintain a positive outlook on the Canadian multi-family residential market, buoyed by strong rental demand, elevated property prices, challenges in affordability due to high mortgage rates for new homebuyers, low unemployment rates, and a growing influx of new immigrants and international students.