Canada Slashes Forecast for Making Housing More Affordable
Doubling the pace of homebuilding in Canada will only bring affordability back to levels seen right before the Covid-19 pandemic, according to a new government report that lowers expectations for the impact of construction on housing costs.
The country must boost building to as much as 480,000 housing units a year by 2035 just to bring affordability back to where it was in 2019, the report from the Canada Mortgage & Housing Corp. said Thursday. The current rate of homebuilding is about 250,000 units, the agency said.
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13 minutes ago
- Forbes
Helen Antoniou: Values, Legacy, And Quiet Leadership
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After graduating from McGill Law School at just 21, she was rising through the ranks of a prestigious law firm, when reality hit. "I found myself, at 25, pressing the button to the 54th floor of the CIBC tower downtown, thinking, 'Oh my God, this is it. I've arrived. All that's left is to become a partner in a few years.' … I wasn't inspired." That moment of disillusionment led her to Harvard's Master of Public Health program, then to senior roles at Capgemini, Bombardier Aerospace, and the McGill University Health Centre. In each new role, she applied the same methodical, values-based approach: "I'd start by defining the problem, gathering the facts, testing assumptions and seeking different points of view. Ultimately, what I was after was designing a fair and balanced solution — one that aligned both with the stakeholders' interests and long-term goals of the enterprise without compromising on core values." This analytical mindset, combined with her passion for human development, ultimately led Antoniou to her true calling: executive coaching. 'I found deep purpose in creating space for reflection and growth – helping leaders move towards who they want to become, lead with clarity, and leave a legacy that lasts." The Introvert's Advantage In writing Back to Beer … and Hockey: The Story of Eric Molson, Antoniou gained rare insight into the kind of leadership that endures. Eric Molson, Chairman of what was then known as The Molson Companies from 1988 to 2010, guided the company back to its brewing roots after a period of diversification. He exemplifies what Jim Collins defines as a 'Level 5 leader' — a blend of deep humility and unwavering resolve. "Level 5 leaders aren't loud or flamboyant,' Antoniou says. 'They don't need to dominate a room. What sets them apart is quiet strength –humility and unshakable determination. 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Yahoo
27 minutes ago
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Ottawa Senators sign alternate captain Calude Giroux to extension
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Yahoo
29 minutes ago
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Brookfield Asset Management just upped its dividend by 15%. The Canadian asset manager believes it can continue to grow the dividend by 15% through 2030. What happens if that dividend growth rate is cut in half between 2030 and 2035? 10 stocks we like better than Brookfield Asset Management › Brookfield Asset Management (NYSE: BAM) is an attractive dividend growth stock. You could also look at it as a desirable growth and income stock. The two stats backing that up are the above-market 3.1% yield and the huge 15% annual dividend growth rate that management is projecting out to the end of of the decade. What does that mean for investors? And what happens after 2030? Before looking at the dividend growth opportunity with Brookfield Asset Management, it is important to understand what the company does. It is a large Canadian asset manager with a historical focus on infrastructure. It has long invested on a global scale, as well, so it has a very broad investment universe. In recent years it has expanded the universe, too, adding a bond specialist to the mix and broadening its efforts in private equity. Brookfield Asset Management operates across five different platforms: renewable power, infrastructure, real estate, credit, and private equity. It believes it is positioned to benefit in all of these business lines from key long-term trends, including the shift toward clean energy, the world becoming increasingly digital, and de-globalization. The goal is to increase the fee-bearing assets it manages from $550 billion to $1.1 trillion by the end of the decade. As an asset manager, Brookfield Asset Management charges fees for managing other people's money. So growing fee-bearing assets will lead to higher revenues and earnings. If it hits its current targets, the company believes it can grow the dividend 15% a year through the end of 2030. Assuming Brookfield Asset Management can live up to its dividend growth goal, which is not unreasonable, the dividend will grow from about $0.44 per share per quarter to $0.88. If the stock price remains the same in 2030 as it is today, the dividend yield would increase from 3.1% to 6.3%. If, as is more likely, the stock price increases as the dividend grows, the stock will rise from around $56 per share to $112 if the yield remains at the 3.1% level. But, in the price increase example, the yield on purchase price for an investor buying today would still be 6.3%! That's great and should interest dividend growth as well as growth and income investors. But what happens over the five years after that? If the company can keep growing the dividend by 15%, which would be a very tall order, the dividend in 2035 would be $1.77 per share per quarter. That would suggest a yield on purchase price of 12.6% and a stock price of $224 per share if the market continued to afford the stock a 3.1% yield. Wow! However, 15% dividend growth for a decade is a pretty aggressive expectation. What if the dividend growth is just half that rate after the first five years, slowing to 7.5% a year between 2031 and 2035? In that case the dividend will grow to $1.26 per share per quarter and the yield on purchase price would fall to "only" 9%. If the stock is still yielding 3.1% in 2035, the stock price based on the higher dividend would be around $160 per share. So it is still a very attractive outcome even if Brookfield Asset Management's growth slows materially in the back half of this 10-year outlook. These are just estimates played out using a spreadsheet. Real life is always more complicated. Brookfield Asset Management's future is highly dependent on its ability to execute and, frankly, the ups and downs of Wall Street. However, if Brookfield Asset Management can live up to its lofty goals over the next five years, it is a very attractive dividend growth/growth and income stock today. And if it can do half as well over the five years after 2030 it will still be an attractive investment over that 10-year horizon. Before you buy stock in Brookfield Asset Management, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Brookfield Asset Management wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $713,547!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $966,931!* Now, it's worth noting Stock Advisor's total average return is 1,062% — a market-crushing outperformance compared to 177% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Reuben Gregg Brewer has no position in any of the stocks mentioned. The Motley Fool recommends Brookfield Asset Management. The Motley Fool has a disclosure policy. Where Will Brookfield Asset Management Be in 10 Years? was originally published by The Motley Fool
