Woods and Mazzulla Investing | Why REITs are roaring despite rate threat | Investing in Ontario Real Estate
“Canadian real estate investment trusts have rallied to the highest levels in five years as rising occupancy and investor demand for yield outweigh concern the Bank of Canadawill raise interest rates to cool the market….
The investors in properties from shopping centers and office buildings to rental apartments have benefited as the 10-year Canadian bond yield fell by more than half, boosting the value of their holdings. The national office vacancy rate fell to 8.2% in the first quarter from 9.3% a year earlier, according toCBRE Group. Apartment vacancy dropped to 2.2% in October from 2.6% a year earlier.” (Financial Post: May , 2012).
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http://business.financialpost.com/2012/04/24/who-cares-about-rates-reits-are-roaring/?__lsa=3e31f320
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