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Mat Moxness Talks About the Future of Canadian Real Estate Market After Pandemic and Crescendo Equity’s Role in It

mm by Jennifer Ross
May 1, 2021
in World
Mat Moxness Talks About the Future of Canadian Real Estate Market After Pandemic and Crescendo Equity’s Role in It
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Mat Moxness is a successful real estate investor and well-established businessman. He is the founder of Crescendo Equity, a real estate investment company specializing in repurposing old and underperforming assets across the Ontario market into multi-family homes. In addition to running Crescendo Equity, Mat Mox is also a member of Forbes Councils.

Crescendo Equity always placed a particular focus on underperforming apartments and buildings in the multi-family segment because Mat saw the opportunity there early on in his career. “Population growth, immigration, job creation, and attractive opportunities—these are all strong fundamentals that drive the economy and the strength of the real estate market, and create demand in the multi-family segment. That was the indication that the demand will only go up.”

There are some concerns about the future of the Canadian real estate market, given the impact of the coronavirus on the economy. According to Mat Mox, the impact isn’t as bad as many think because previous recessions showed that the market is resilient and was able to make a strong and healthy recovery.

Mat says, “The Canadian real estate market made a quick recovery from the housing crisis in 2008 to 2009 in just a few years. Following the economic downturn, the trends showed that the search volume for homes for sale in Canada continued to increase through those years, all the way into 2011. The same thing will happen again. We are likely to see a lot of pent up demand after the pandemic dwindles.”

He adds, “When the lockdown ends and borders open up for immigrants once again, the market will recover. As the population will continue to grow, demands will increase.”

The Canadian real estate market analysis shows that newcomers purchase 21% of homes in Canada—over a fifth of the entire housing market. A quarter of those newcomers spend close to three years before acquiring a property. Still, the rest of them arrive in Canada with enough funds to purchase a home immediately on arrival.

“Now is the best time to invest in the multi-family markets, especially in the Ontario markets such as Niagara and Hamilton,” says Mat. “Crescendo Equity recently acquired an old retirement home in Niagara Falls. After the project finishes, it will stop being an old, purposeless building and become a high-end apartment complex.”

That’s just the beginning because Mat Mox has no intention of slowing down. He is slowly conquering the southern and northern part of the Ontario area, as Crescendo Equity already bought a city block with mixed-use assets in downtown Moncton. “We think it’s essential to preserve the unique value of aging supply while also providing renters with contemporary suites,” Mat says. “We plan to follow suit in underperforming markets throughout the country, such as Sault Ste. Marie and Greater Sudbury.”

For more valuable information and tips on real estate investing, make sure to visit the Crescendo Equity blog. For a sneak peek of a lush life that awaits you if you join the real estate industry, make sure to visit Mat Mox’s Instagram profile (@mateomox).

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