Locked out of $22B: Canadian real estate funds freeze withdrawals as gates spread
Toronto, January 13, 2026, 04:20 (EST) Private real estate funds with roughly C$30 billion ($21.7 billion) tied up by Canadians have halted withdrawals, trapping investors amid the housing slump, Bloomberg reported Monday. Vancouver property manager Andre El-Baba called it “terrible” after Romspen blocked redemptions. Adviser Jamie Grundman noted, “This stuff spreads like wildfire,” while economist Diana Petramala warned, “It drags…