News Formal

Canada's Reit investors get hit despite surging property market

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

[TORONTO] Canada's private real estate market is roaring again after it briefly froze up because of Covid-19. Its stock market equivalent isn't keeping pace. Read more at The Business Times.

"Retail is the largest weighting currently with just under 30 per cent of the XRE," Matt Carvalho, chief investment officer at Cardinal Point Wealth, said by phone.

Canada's Reit index also has little exposure to data centers, warehouses, mobile phone towers - all growing in importance as the masses work and shop from home and wireless companies launch 5G services. Global diversification helps Reit investors avoid too much concentration in one slice of the real estate market, he said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks to watch: Suntec Reit, IHH Healthcare, SIA Engg, Thomson Medical, CreativeTHE following companies saw new developments that may affect trading of their shares on Friday: Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »