High-net-worth investors favour real estate

A new survey by Tiger 21 found that real estate comprises the largest portion of the average investor portfolio at 29 per cent, up from 22 per cent last year.

The survey asks Tiger 21’s network of high-net-worth (minimum $10 million) investor members a form of confidential questions about where their net worth is allocated right now.

Its Q1 2015 survey found that real estate now comprises the highest level since the survey began in 2007.

“On one level, this makes sense, as [high-net-worth] investors continue to search for yield,” wrote Thane Stenner, chairman emeritus of Tiger 21 Canada and founder of StennerZohny Investment Partners+, in the Globe and Mail last week.

However, he did point out that the current state of the real estate market is not reflected in the allocation survey because of when it was conducted.

“Very recently, however, the [high-net-worth] individuals I’ve spoken to have expressed growing caution about real estate in Canada,” he added.

“It’s an interesting trend, one that I’ll be definitely keeping my eye on over the next several quarters."
 

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