Eurodollar University 40% of Canadian Real Estate Funds Just Froze Investors…
Jan 13, 2026
Almost 40% of Canadian real estate funds have frozen investor access, raising alarms about a deeper housing crisis. The trust in private funds is collapsing due to disappointing returns and a lack of transparency. Jeff discusses the implications of these gating measures and how they reflect a broader credit downturn. UK lawmakers are calling for urgent attention to private credit risks, highlighting pervasive uncertainty. As job losses mount, the potential for further market instability grows, signaling a critical phase ahead.
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Massive Fund Gating In Canada
- Almost 40% of Canadian private real estate funds have gated withdrawals, locking about C$30 billion and shocking investor trust.
- Jeff Snider links this to a broader private credit shadow-bank problem seen across multiple jurisdictions.
Stage One: Trust Breaks, Risks Rise
- Stage one of the credit downturn is investor distrust and withdrawal requests that reveal underlying risks previously ignored.
- Jeff Snider says this phase is marked by attention shifting from promised returns to actual risk signals like jobs data.
Pitching Liquidity To Ordinary Investors
- Jeff Snider recounts how funds pitched high returns, low risk, and on-demand liquidity to doctors, teachers, and retirees.
- That promise of easy withdrawals helped widen investor participation beyond ultra-wealthy clients.