Performance figures for each account are calculated using time weighted rate of returns on a daily basis. The Composite returns are calculated based on the asset-weighted monthly composite constituents based on beginning of month asset mix and include the reinvestment of all earnings as of the payment date. Composite returns are as follows:

Nicola Wealth Advances Real Estate Strategy by Acquiring Industrial Property in Toronto (GTA)

TORONTO, Ontario, February 12, 2020 – Nicola Wealth Real Estate recently acquired 1160 & 1170 Birchmount in partnership with Northbridge Investment Management. The property is a multi-tenant two-building industrial asset totalling 362,000 sf on 14 acres in Toronto (Scarborough), Ontario. This acquisition is part of Nicola Wealth’s ongoing strategy to acquire well-located industrial assets that offer growth potential.

A shortage of developable industrial land in Toronto has driven land prices higher which has resulted in rental rate growth and property appreciation. The asset is currently 99% leased to a variety of tenants and the property’s average in-place rental rates are below market. These factors, combined with the weighted average lease term at less than 3 years, provides an opportunity to add value by increasing rents within the foreseeable future.

Across Canada, industrial real estate in major markets is in high-demand with minimal new supply coming on stream. The vacancy rate in the GTA, and more specifically the Scarborough submarket, are at record lows of 1.1% and 1.0% respectively, according to Colliers International’s GTA Industrial Market Report, Q3 2019. The low  industrial vacancy rate coupled with strong tenant demand in the Toronto area ensures this property is well positioned for growth.

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About Nicola Wealth Real Estate

Nicola Wealth Real Estate (NWRE) is the in-house real estate team of Nicola Wealth, a premier Canadian financial planning and investment firm with $7-billion (CAD) of assets under management. NWRE has an experienced and innovative team that sources and asset manages a growing portfolio of properties in major markets across North America including a diversified range of asset classes including office, retail, industrial, multi-family residential, self-storage, and seniors housing. The current real estate portfolio is $4.0 Billion gross asset value.


About Nicola Wealth

Established in 1994, Nicola Wealth (nicolawealth.local) helps families and accomplished individuals across Canada build financial legacies with purpose, delivering the stability, security, and resources they need to focus on goals and aspirations that extend beyond wealth.  The firm manages $7-billion in assets, providing portfolio diversification well beyond stocks and bonds, comprehensive and integrated wealth planning, and consistent and stable returns.


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