Canada Life Real Estate Fund
Established in 2005, the Canada Life Real Estate Fund invests in units of the Great-West Life Real Estate Fund.
Fund Performance
as of March 31, 2024
$6.3B
in real estate assets
$6.6B
in total assets
120
properties
Source of return
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
| Income | 4.5% | 4.5% | 4.5% | 4.3% | 4.2% | 3.8% | 3.7% | 3.3% | 3.5% | 1.0% |
| Capital | 0.1% | 0.9% | 1.8% | 2.7% | 4.9% | (1.3)% | 7.8% | 3.9% | (6.5)% | (0.7)% |
| Total | 4.7% | 5.4% | 6.3% | 7.1% | 9.1% | 2.5% | 11.6% | 7.2% | (3.0)% | 0.3% |
Compound rates of return
(gross of investment management fees)
| Three Month | 0.3% |
| Year-to-date | 0.3% |
| One Year | (1.9)% |
| Three Year | 4.5% |
| Five Year | 5.0% |
| Ten Year | 5.6% |
Diversification by property type
By property type (millions)
| Retail | 9.1% | $ | 565 |
| Office | 25.2% | $ | 1,568 |
| Industrial | 29.6% | $ | 1,845 |
| Residential | 28.6% | $ | 1,783 |
| Other | 7.5% | $ | 464 |
Diversification by region
By region (millions)
| British Columbia | 10.4% | $ | 649 |
| Alberta | 10.4% | $ | 649 |
| Prairies | 1.1% | $ | 67 |
| Ontario | 67.9% | $ | 4,230 |
| Quebec | 9.3% | $ | 579 |
| Atlantic | 0.7% | $ | 43 |
| U.S. | 0.2% | $ | 10 |
Quarterly Highlights
Q1 2024 Canada Life Real Estate Fund Bulletin
For the first quarter in 2024, the Canadian Real Estate Fund No.1 posted a 26-basis point total return. Overall portfolio occupancy remained strong and continues to be a good predictor of future income performance, which totalled 96 basis points in Q1. Additional updates from the period follow below.
Abbotside Way, Caledon, ON
300 McRae Road, Ottawa, ON
Vancouver Centre II, Vancouver, BC
185 Enfield Place, Mississauga, ON
33 Yonge Street, Toronto, ON
50 Prince Arthur, Toronto, ON
Downloads
Latest annual report
Latest bulletin
Past Performance Reports
Quarterly Bulletins
| Q1 2024 Bulletin |
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| Q4 2023 Bulletin |
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| Q3 2023 Bulletin |
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| Q2 2023 Bulletin |
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Annual Reports
| Canadian Real Estate Investment Fund – Annual Report 2023 |
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| Canadian Real Estate Investment Fund – Annual Report 2022 |
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| Canadian Real Estate Investment Fund – Annual Report 2021 |
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| Canadian Real Estate Investment Fund – Annual Report 2020 |
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| Canadian Real Estate Investment Fund – Annual Report 2019 |
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Want to Invest?
Contact a Canada Life advisor to invest in the Canada Life Real Estate Fund.