#Canada #Pension Plan Investment Board has recently done three deals at deeply discounted prices, selling its interests in a pair of Vancouver towers, and a business park in Southern California, but it was its #Manhattan office tower redevelopment project that shocked the industry *** the Canadian asset manager sold its stake for just $1. *** #CRE gone 💩 - starting a revolution that inspired retirement plans around the globe to emulate them because, in the immortal words of NOBEL PRIZE WINNER GFC QE Printer - Ben Bernanke, Canadian real estate prices never go down.