TSX:CAR.UN - Post by User
Comment by
AlwaysLong683on Jun 29, 2022 12:51am
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Post# 34789507
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Insider Buying
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Insider BuyingResidential REITs are getting pounded along with other REIT sectors even though I consider the residential sector (along with the industrial sector) to be less risky since, even if everyone starts working from home and ordering everything online, everyone will still need a place to live and businesses will still need a place to store / warehouse merchandise for on-line delivery. Residential REITs may also see increased demand if people are unable to handle their mortgage payments due to rising interest rates, decliining home values, and/or inflation and decide to sell their home and move into an apartment.
ERE.UN (mainly Netherlands?) and HOM.UN (mainly Texas) are nice options for Canadian investors to consider since you can buy their units in Canadian dollars yet their focus is on residential properties outside of Canada. I made a good buck on HOM.UN (bought at around 14 and sold at around 24 - went up as high as 28 before falling back with the rest of the sector and currently trades in the 18 -19 range).
All Canadian Residential REITs I track have taken a sizeable hit (BEI, CAR, ERE, HOM, IIP, KMP, MI), so each of us can go sifting through the choices and see if one or more of them intrigue us.