Private Markets   |   November 3, 2025

Canadian Real Estate: A Strategic Shield Against Monetary Debasement

In the current new regime, Canadian real estate is no longer just a yield play. It is a strategic “shield.” A repricing mechanism. A scarce store of value that responds almost mechanically to debasement, adjusting upward in price to reflect declining value changes in the denominator – money itself.

Michael Le Coche
Vice President, Research and Predictive Analytics

This white paper tours the long-term macroeconomic roadmap, consisting of a chain of nine powerful forces, each beginning with the letter ‘D’, that cascade like dominoes to reveal a clear and investable pattern in Canada’s core real estate market. In essence, aging demographics emerge from the earliest dominoes as a slow-moving yet irreversible force that acts as a structural drag on long-term growth. Culminating near the end is debasement – a deliberate, structural dilution of money as policymakers attempt to reconcile aging populations with unsustainable debt.

Related Insights

image of drone over forest
Insights
October 1, 2026

Forestry Gears Up for a Technology Revolution

In the forestry industry, technology is creating new opportunities across the value chain.
Ben Lee
Ben Lee
Senior Principal, Timberland, Fiera Comox
Aerial top view of downtown district buildings in night city light
Private Markets
July 13, 2026

Private Real Estate Debt: A Complement to Traditional Fixed Income

This paper explores how private real estate debt may act as an attractive complement to traditional allocations, emphasizing its differentiated characteristics, including shorter duration and asset-backed exposure. It also outlines how these features may support diversification and income generation across varying market conditions.
Michael Le Coche
Vice President, Research and Predictive Analytics
Aerial top view of downtown district buildings in night city light
Private Markets
July 13, 2026

Private Real Estate Debt: A Complement to Traditional Fixed Income

This paper explores how private real estate debt may act as an attractive complement to traditional allocations, emphasizing its differentiated characteristics, including shorter duration and asset-backed exposure. It also outlines how these features may support diversification and income generation across varying market conditions.
Michael Le Coche
Vice President, Research and Predictive Analytics