this post was submitted on 01 Apr 2024
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If BlackRock thinks that population growth in Canada is important, it seems to me they’re actually in a far better position to make that happen than the average Canadian.
BlackRock owns a fuck ton of property in Canada, they are in a strong position to make rents and housing, much more affordable. Which will drive the economy up significantly.
Families will be more willing to “grow the population’ if they’re not allocating 50+ percent of their income towards housing.
Affordable housing also makes us a better destination people immigrating to Canada.
But that would require BlackRock to be less greedy… so
I think you're mixing up Blackrock and Blackstone... Blackstone is the one that's far, far more heavily into real estate.
Do they, though? Managing funds doesn't actually mean owning the assets in those funds