Mark Kenney is the president and chief executive of Canadian Apartment Properties Real Estate Investment Trust .At Canadian Apartment Properties Real Estate Investment Trust , we are part of that solution. We provide rental homes for Canadians. However, we have a simple problem.
Despite representing just 3 per cent of the national rental housing market, REITs are important vehicles for efficiently allocating funds into housing development – building more homes. According to a 2022 study by EY, the federal government receives approximately the same revenue from REIT owners as it would with a corporate model, and losing REITs might actually reduce government revenues.The majority of our apartments meet the CMHC’s definition of affordable, meaning rents are less than 30 per cent of local median renters’ household incomes. Pensions and private landlords, which dominate the market, have higher average rents than REITs.
Yes it will!❤️🇨🇦
No one has the political will at any level or in any party to do what would fix it..
The F it won't. Tax these trusts into oblivion. Bankrupt them. Drive them out of business. Classify them as criminal organizations. Hold show trials and imprison the people who run them.
This opinion article is written by CAPREIT. Allow me to do a quick 30 second yahoo analysis on this fund. Under the current environment, they are making record amounts of money in terms of revenue and earnings. (all numbers in thousands, add 3 0's)
Tax the rich.
'related tweets'
'The solution to the housing crisis is simple: We need more homes, of all kinds.' We also need to make it more unappealing then it is now as an Investment strategy. If for no other reason, to stop them from snapping up all this apparent new supply that is supposed to be coming
Worth a try