Risk Management is the process of identifying, assessing, and prioritizing risks followed by the coordinated application of resources to minimize, monitor, and control the probability and impact of unfortunate events. It involves analyzing potential risks that could negatively impact an organization’s assets, reputation, or operations, and implementing strategies to manage these risks effectively. This can encompass a range of practices, including risk avoidance, mitigation, transfer, and acceptance. The goal of risk management is to ensure that an organization’s objectives are met while maintaining acceptable levels of risk. It is widely used across various industries, including finance, healthcare, engineering, and business, to enhance decision-making and improve resilience against uncertainties.
Investing in Canadian real estate has taken a hit, and experts are wary. Recent trends in Canadian real estate stocks, particularly real estate investment trusts (REITs), signal trouble ahead. While…