Tuesday, September 27, 2011
Real estate’s bright spot
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)