realestate

CDPQ 2024 Results: Strong Year Marred by Real Estate Challenges

CDPQ reports 9.4% return in 2024, adding C$40 billion to net assets of C$473 billion.

T
he Caisse de dépôt et placement du Québec (CDPQ) achieved a notable 9.4% return in 2024, increasing its net assets by nearly C$40 billion (US$28 billion). This brings the total to C$473 billion (US$330 billion), although it fell short of its target 11.8% benchmark due to underperformance in real estate holdings.

CDPQ 2024 financial results announcement with real estate challenges highlighted.