TSX:AX.PR.E - Post by User
Comment by
Reece1986bon May 04, 2023 12:35pm
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Post# 35430343
RE:RE:RE:Housing Market
RE:RE:RE:Housing MarketThe inflationary concerns gives Artis a competitive advantage with its existing builds. There is just no way to put up cheap new industrial space to compete with what was built many years ago. The more and more housing inflation we see, the more and more we will see development land bid higher and higher. Who would have thought large bowling alleys could be worth $100 million? I don't think most office/retail REITs are pricing these possible alternate uses at all. I think almost the only thing we can agree on as a society anymore is that we have a housing shortage and need to do more to address that. Why not demolish/repurpose/rezone office/retail space if it is no longer needed to assist these efforts?
Link: https://www.burnabynow.com/local-news/burnabys-last-bowling-alley-land-sold-to-developer-highrise-towers-planned-6880389
EstevanOutsider wrote: isn't the rise in inflationary costs for new builds bullish for existing builds!?
i consider canadian housing a ponzi scam and believe it is propped up by immigration.
considering there is no where to live, i do not see that changing.
rising population is also good for canadian retail & office properties.
overall the country is rapidly growing.
i got back into reits when the canadian dollar stabalized and tiff signaled rate hikes were done.