Comments on: More Canadian Blogs http://www.canadiancapitalist.com/more-canadian-blogs/ Helping you invest and prosper Sat, 11 Feb 2012 19:27:54 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Toronto Mortgage http://www.canadiancapitalist.com/more-canadian-blogs/#comment-217766 Toronto Mortgage Wed, 28 Apr 2010 20:47:14 +0000 http://www.canadiancapitalist.com/2007/01/10/more-canadian-blogs#comment-217766 Also check out www.veloxmortgage.com/blog/ for updates on Canadian mortgage rates, real estate new and bank policies. Also check out http://www.veloxmortgage.com/blog/ for updates on Canadian mortgage rates, real estate new and bank policies.

]]> By: toronto mortgage broker http://www.canadiancapitalist.com/more-canadian-blogs/#comment-97027 toronto mortgage broker Sat, 29 Dec 2007 15:13:10 +0000 http://www.canadiancapitalist.com/2007/01/10/more-canadian-blogs#comment-97027 blogs definitely help people on finding/realizing some other things. opinion from different people with same interest gave some help, knowledge and such to the reader...i have blogs for different things from personal to professional and hopefully people who read those get things from each posts...thanks for your blog and i do learn some things...i'll read thoroughly... blogs definitely help people on finding/realizing some other things. opinion from different people with same interest gave some help, knowledge and such to the reader…i have blogs for different things from personal to professional and hopefully people who read those get things from each posts…thanks for your blog and i do learn some things…i’ll read thoroughly…

]]> By: Phil S http://www.canadiancapitalist.com/more-canadian-blogs/#comment-17431 Phil S Thu, 11 Jan 2007 22:55:45 +0000 http://www.canadiancapitalist.com/2007/01/10/more-canadian-blogs#comment-17431 The XRE is a market weighted index fund, which means the bigger REITs have more influence on the holdings than the smaller ones. As I mentioned before, I believe the big REITs in Canada are way overpriced (so their yields are low). I have no complaints over REIT investments over the past 2 years. I made a nice 25% gain on Alexis Nihon when Cominar tabled their offer to take them over. Today down stateside, Cerberus the LBO firm is trying to take over Equity Office Properties, the largest US REIT. It's obviously a hot REIT market right now, so I don't think it's a great sector for "new money" right now. The speculative buy on Huntingdon excepted, of course. The XRE is a market weighted index fund, which means the bigger REITs have more influence on the holdings than the smaller ones. As I mentioned before, I believe the big REITs in Canada are way overpriced (so their yields are low).
I have no complaints over REIT investments over the past 2 years. I made a nice 25% gain on Alexis Nihon when Cominar tabled their offer to take them over. Today down stateside, Cerberus the LBO firm is trying to take over Equity Office Properties, the largest US REIT. It’s obviously a hot REIT market right now, so I don’t think it’s a great sector for “new money” right now. The speculative buy on Huntingdon excepted, of course.

]]> By: Canadian Capitalist http://www.canadiancapitalist.com/more-canadian-blogs/#comment-17416 Canadian Capitalist Thu, 11 Jan 2007 17:53:01 +0000 http://www.canadiancapitalist.com/2007/01/10/more-canadian-blogs#comment-17416 Nick: I am not Larry. Larry MacDonald is a columnist and author and writes the Investment Ideas blog (<a href="http://blogs.canadianbusiness.com/advansis/?mod=lang&rd=for%E2%8C%A9=ENG&act=dis&eid=1" rel="nofollow">Link</a>). Nick: I am not Larry. Larry MacDonald is a columnist and author and writes the Investment Ideas blog (Link).

]]> By: Nick http://www.canadiancapitalist.com/more-canadian-blogs/#comment-17411 Nick Thu, 11 Jan 2007 17:16:59 +0000 http://www.canadiancapitalist.com/2007/01/10/more-canadian-blogs#comment-17411 Does anyone own any of Barclay's iShares? They have one that is indexed to Canadian REITs. <a href="http://www.ishares.ca/product_info/fund_overview.do?ticker=XRE" rel="nofollow">iShares CDN REIT Sector Index Fund (XRE)</a> Nick Does anyone own any of Barclay’s iShares? They have one that is indexed to Canadian REITs.

iShares CDN REIT Sector Index Fund (XRE)

Nick

]]> By: Canadian Capitalist http://www.canadiancapitalist.com/more-canadian-blogs/#comment-17410 Canadian Capitalist Thu, 11 Jan 2007 17:16:07 +0000 http://www.canadiancapitalist.com/2007/01/10/more-canadian-blogs#comment-17410 As full disclosure, I've avoided REITs for more than two years, since I thought they were way overpriced. I still hold that opinion. At some point, they will get cheaper and I intend to buy in at that point through XRE. As full disclosure, I’ve avoided REITs for more than two years, since I thought they were way overpriced. I still hold that opinion. At some point, they will get cheaper and I intend to buy in at that point through XRE.

]]> By: Nick http://www.canadiancapitalist.com/more-canadian-blogs/#comment-17408 Nick Thu, 11 Jan 2007 17:15:21 +0000 http://www.canadiancapitalist.com/2007/01/10/more-canadian-blogs#comment-17408 Hi Larry, Thanks very much for the plug, it is appreciated. I enjoy reading your site and have tracked back a few of your posts. The discussion here about REITs is nice to see. I haven't purchased any REITs yet, because I've been concentrating my money on making my own investments in real estate, however I am looking to diversify into stocks, bonds and a couple of REITs in the near future. Thanks again. Hi Larry,

Thanks very much for the plug, it is appreciated. I enjoy reading your site and have tracked back a few of your posts.

The discussion here about REITs is nice to see. I haven’t purchased any REITs yet, because I’ve been concentrating my money on making my own investments in real estate, however I am looking to diversify into stocks, bonds and a couple of REITs in the near future.

Thanks again.

]]> By: Canadian Money Blogs Reviewer http://www.canadiancapitalist.com/more-canadian-blogs/#comment-17406 Canadian Money Blogs Reviewer Thu, 11 Jan 2007 17:10:03 +0000 http://www.canadiancapitalist.com/2007/01/10/more-canadian-blogs#comment-17406 CC: yes I'm talking about REITs ... do you think they're overpriced like Phil S says? -- Phil: interesting reply .. I had not considered going speculative with REITs but it might add some fizz to the very ordinary returns I got from Riocan so far. Obviously, that would be only for a very small percentage of my portfolio. Talking about retirement homes ... I still have some RRR-UN. If they get taxed, I wonder if they can even survive. They've been struggling recently. CC: yes I’m talking about REITs … do you think they’re overpriced like Phil S says?

–
Phil: interesting reply .. I had not considered going speculative with REITs but it might add some fizz to the very ordinary returns I got from Riocan so far. Obviously, that would be only for a very small percentage of my portfolio.

Talking about retirement homes … I still have some RRR-UN. If they get taxed, I wonder if they can even survive. They’ve been struggling recently.

]]> By: Phil S http://www.canadiancapitalist.com/more-canadian-blogs/#comment-17405 Phil S Thu, 11 Jan 2007 16:56:25 +0000 http://www.canadiancapitalist.com/2007/01/10/more-canadian-blogs#comment-17405 I forgot my disclosure! I used to own HNT.UN, but sold it off in Dec for 2006 tax-loss selling purposes. I've been meaning to get back into it because it has fallen so far (and therefore the yield has gone up to 12%), but it looks like its already started taking off. I forgot my disclosure! I used to own HNT.UN, but sold it off in Dec for 2006 tax-loss selling purposes. I’ve been meaning to get back into it because it has fallen so far (and therefore the yield has gone up to 12%), but it looks like its already started taking off.

]]> By: Phil S http://www.canadiancapitalist.com/more-canadian-blogs/#comment-17404 Phil S Thu, 11 Jan 2007 16:50:56 +0000 http://www.canadiancapitalist.com/2007/01/10/more-canadian-blogs#comment-17404 CMBR: I also love REITs but for the most part, they're all overvalued right now. In my opinion, there is only one that is a "speculative buy" right now, Huntingdon REIT (symbol HNT.UN) which is a junior Winnipeg based REIT with mostly Office & Industrial properties. I call it a speculative buy because they are currently paying out more than 100% of their FFO so there is a strong likelihood of a distribution cut to bring it back into line. There is a chance that the cut may not come to pass, which is why it's speculative. Don't bet the farm on this one, but it might be worth having a small holding in it. Some other REITs may get intentionally blown up by Flaherty, because he already made it known that he wants to fully tax all of the ones that carry on active businesses. Namely, the hotels, assisted living (retirement homes) and any others that fall into this category. Since he hasn't published the exact definition of the REITs that he plans to blow up, then it is kind of a minefield out there right now. So, if you're a cautious investor, it's better to wait until the rules come out. The big name REITs (Riocan, Boardwalk, CREIT, etc) are way overpriced right now - in my opinion. CMBR: I also love REITs but for the most part, they’re all overvalued right now. In my opinion, there is only one that is a “speculative buy” right now, Huntingdon REIT (symbol HNT.UN) which is a junior Winnipeg based REIT with mostly Office & Industrial properties. I call it a speculative buy because they are currently paying out more than 100% of their FFO so there is a strong likelihood of a distribution cut to bring it back into line. There is a chance that the cut may not come to pass, which is why it’s speculative. Don’t bet the farm on this one, but it might be worth having a small holding in it.
Some other REITs may get intentionally blown up by Flaherty, because he already made it known that he wants to fully tax all of the ones that carry on active businesses. Namely, the hotels, assisted living (retirement homes) and any others that fall into this category. Since he hasn’t published the exact definition of the REITs that he plans to blow up, then it is kind of a minefield out there right now.
So, if you’re a cautious investor, it’s better to wait until the rules come out. The big name REITs (Riocan, Boardwalk, CREIT, etc) are way overpriced right now – in my opinion.

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