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Madison Pacific Properties Inc T.MPC.C


Primary Symbol: T.MPC Alternate Symbol(s):  MDPCF

Madison Pacific Properties Inc. is a Canada-based real estate company, which owns, develops, and operates office, industrial, commercial, and multi-family rental properties located in British Columbia, Alberta, and Ontario. The Company also has investments in joint ventures that develop residential properties. The Company’s investment portfolio comprises around 54 properties with approximately 1.9 million rentable square feet (sq. ft) of industrial and commercial space and a 50% interest in two- multi-family rental properties with a total of 94 units. It offers a range of property management services for its portfolio of investment properties, which include tenant services and relationships, building operations, lease administration, property accounting and reporting and project management services. Its development properties include a 50% interest in the Silverdale Hills Limited Partnership which owns approximately 1,400 acres of development lands in Mission, British Columbia.


TSX:MPC - Post by User

Post by undervalueon May 06, 2021 2:40pm
93 Views
Post# 33142320

from todays Fin Post

from todays Fin Post




With most of these immigrants landing in and around Toronto, Vancouver, and Montreal, local authorities in those cities and their suburbs have steadily converted areas zoned for industrial uses into land for housing to deal with the pressure.

Now, with home prices surging more than 30 per cent around the country, there’s also an acute shortage of warehouse space.

“Really well intentioned levels of government have been saying, ‘OK we have a housing problem, how do we solve that?’ And in solving that, whoops, now we have a warehouse problem, how do we solve that?” De Silva said. “We’ve got this whole chicken and egg situation that we’re trying to unravel.”

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