The CRE Finance Council (CREFC) announced today that it has launched its CREFC Canada Chapter.
The Toronto-based chapter will be headed by members from Royal Bank of Canada (RBC), Institutional Mortgage Capital (IMC), CMLS Financial, and Manulife Financial.
“The Canada Chapter is being formed to bring CREFC’s trade association benefits and services to Canadian commercial real estate lenders, bond investors and loan servicers,” according to a statement from CREFC.
“The Canadian commercial real estate finance market is healthy and diversified yet, until today, been missing an industry platform on which to organize, associate, educate and advocate.”
Stephen Renna, CREFC’s president and CEO, added: “There are strong synergies between the Canadian and U.S. markets and the Canada Chapter will allow participants in each country to capitalize on them.”
CREFC is a trade association for lenders, investors, and servicers with more than 295 companies and 7,000 individuals are members. CREFC Canada will provide conference programming, industry best practices and education initiatives, connecting the country with global firms, members and affiliates in Europe and Asia.