Canada Deposit Insurance Corporation (CDIC) is a federal crown corporation. It protects eligible deposits up to a limit of $100,000 per category (including GICs) against loss if a financial institution becomes insolvent. For this insurance coverage to apply, the bank/credit union must be a CD...
Comprising mostly warehouses, nearly half of the portfolio or 79 assets are located in Ontario, followed by 50 properties in Alberta, 28 sheds in Quebec and one in New Brunswick. DIR noted that Canada’s industrial real estate market had just 1.3 percent vacancy...