Risk Management is the process of identifying, assessing, and prioritizing risks faced by an organization or project, followed by the coordinated application of resources to minimize, control, and monitor the impact of those risks. It involves developing strategies and plans to manage potential adverse events that could affect objectives, resources, or overall performance. Effective risk management aims to enhance decision-making, ensure compliance, and protect the organization’s assets while allowing for opportunistic actions to seize favorable outcomes. This process often includes risk avoidance, risk reduction, risk sharing, and risk retention as strategies to deal with identified risks.
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…