Shein Reports $99 Million Quarterly Loss as It Prepares for Hong Kong IPO
McGillivray Capital Partners (MCP), a Toronto-based real estate private equity firm, strategically delayed investing during Canada's housing market peak in 2022, unlike most investors who rushed in.The firm anticipated that rising interest rates and stretched valuations would eventually create a better buying environment.
This patience allowed MCP to capitalize on opportunities in a buyers' market, deploying over $100 million in the Greater Toronto and Hamilton areas.MCP focuses on mid- to high-rise residential developments in high-growth areas with strong transit access and amenities.The firm emphasizes long-term fundamentals like immigration, urbanization, and infrastructure over short-term market swings.Leaders like Scott McGillivray argue that disciplined, patient investing is key to avoiding overpaying during speculative frenzies.
MCP's approach includes rigorous due diligence, negotiating favorable terms, and creating deals themselves, positioning them to benefit from Canada's long-term housing supply-demand imbalance.The strategy highlights the importance of expertise and relationships in accessing opportunities that require professional management.
Full reading at The Globe and Mail