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Real Estate owners eye development of apartments

REAL ESTATE REPORTERSome of Canada's biggest real estate owners, from pension funds to REITs to insurers, are showing more interest in developing new apartment buildings in major cities than they have in decades, a phenomenon that could change the way renters live.  From Print Edition, 09/09/13

Why REITs look ripe this summer

rcarrick@globeandmail.comA buying opportunity is emerging in real estate investment trusts, but read the fine print before you jump in. It says REITs are becoming an attractive buy for income-seeking investors willing to risk more price declines in the near term. Those looking for the kind of growth we saw in the past few years should take a pass.  From Print Edition, 17/08/13

Moody's awaits clarity on HBC's plans for real-estate investment trust

Moody's is comfortable with Hudson's Bay Co.'s planned acquisition of Saks Inc. from a business standpoint. But corporate debt is Moody's main concern - and from that perspective, the deal makes the credit-rating giant a little uneasy.  From Print Edition, 31/07/13

Saks deal makes REIT a near-certainty

REAL ESTATE REPORTERIn the seven-and-a-half months since Hudson's Bay Co. chief executive officer Richard Baker said his company would look at spinning off a real estate investment trust, Canadian REITs have gone from market darlings to dogs. But it's a virtual certainty that he will now go ahead with a spinoff anyway.  From Print Edition, 30/07/13


Crombie REIT is paying $990-million for 68 properties that are currently anchored by Canada Safeway stores, a deal that has been anticipated since the recent marriage of Sobeys Inc. and Canada Safeway Ltd. and that is expected to have a significant impact on the real estate investment trust.  From Print Edition, 25/07/13

REIT offers chance to get in on ground floor of U.S. recovery

WPT Industrial Real Estate Investment TrustWednesday's close: $9.32 (U.S.) a unitTrading range since April 26 initial public offering: $9.32 to $10.27 a unit  From Print Edition, 20/06/13

Private REIT's plan for a public listing raises eyebrows

Investors in one of Canada's largest private real estate investment trusts have raised questions about management's timing for going public.Based in Victoria, with roughly $180-million in client funds, IGW REIT is converting to a public company that will be known as League Financial Partners. But instead of raising cash in the process, which most companies do during an initial public offering, League will simply look to list its shares on the Toronto Stock Exchange.  From Print Edition, 19/06/13

Rising returns on risk-free government bonds take the steam out of REITs

It was fun while it lasted, but it looks like the party is over for REIT investors. Only two strategies are realistically available to investors - reduce holdings in the sector, or hunker down in the highest-quality trusts available and accept lower returns.  From Print Edition, 11/06/13

Sears joins retail's real-estate push

RETAILING REPORTERStruggling to make sales gains, more retailers are looking to bolster their bottom lines by milking the land beneath them.Sears Canada Inc. plans to build a $1-billion office and condominium tower complex on 3.6 hectares of property it owns in Burnaby, B.C., part of a wider strategy among merchants to try to cash in on healthy real estate values in an increasingly competitive retail market. It joins a growing group of retailers rushing to unlock the value of their properties during a time when real estate values remain strong.  From Print Edition, 04/06/13

How to play the U.S. real estate revival

INVESTMENT REPORTERWith the U.S. housing market finally in full-on recovery mode, many investors are asking themselves whether it's too late to join the party.The bounce in U.S. real estate prices has been anticipated for so long, by so many, that the stock prices of home builders and related companies have been on a tear for more than a year. This week, U.S. home prices registered their first annualized double-digit gain in more than six years, but investors who want to act on the bullish news face the risk that the sector is already overvalued.  From Print Edition, 01/06/13