I’ve always liked real estate: Single-family rentals, duplexes, and self-storage facilities. As long as you buy it right and manage your expectations, real estate can provide a good cash flow and long-term growth.
And I’ve written before how real estate investment trusts (REITs) can let you dip your toe in this sector without worrying about the day-to-day hassles that come with being a landlord. Let’s face it, though, the market really stinks now, especially in the U.S.
Well, you might want to take a look at our neighbors to the north. It seems the Canadian real estate market has weathered the global financial crisis better than most.
Among the reasons:
• Strong exports of oil and other natural resources
• Strong Canadian dollar
• Low borrowing costs
Watch this YouTube video to learn what the Canadian REITs are doing in their own country and around the world.
And here are three Canadian-based real estate funds you might want to check out:
• IA Ecoflex Real Estate Income Fund (IAECREIN CN)
• BMO Equal Weight REITs Index ETF (ZRE CN)
• Investors Real Property Fund (INVRLPRA CN)
Best wishes,
George
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