Post by
EstevanOutsider on Apr 05, 2024 6:27pm
quiet catalyst few focusing on for D.UN could be coming
and involve zoning changes. dream has 3.3 million square feet of zoning in toronto. cooper said he thinks the value could more than double if the city of toronto abolishes the requirement to rebuild some offices there. with the fed budget focused on housing, i know cooper is working and providing advice to the govt along with olivia chow. could expedite some joint ventures on dream's development properties and help cooper raise liquidity withiout selling assets.
imho it could be an important catalyst for dream office which is not recognized yet for its condos.
Comment by
colombuss on Apr 05, 2024 6:36pm
For sue, somebody documented already that the value here is much higvher than book. We need a few good office sales. And then these residential values to crystalize, and we could see NAV much higher. Rates in canada is for sute going down before the US, especially with todays employment numbers. So we ill soon see a hand under Canadian property and reits. But CAD will fall.