Morguard North American Residential Real Estate Inv 6 00 Convertible Unsecured Subordinated Debentures T.MRG.UN

New government intervention?

[HermannHaller]

Article from last week on BNN suggests that some of the weakness in residential REITs is due to fears about new goverment measures. I don't understand this. Can someone explain to me how an owner of residential apartment buildings (many already under rent control) could be responsible for driving up home prices?

https://www.bnnbloomberg.ca/residential-reits-in-canada-lag-as-trudeau-weighs-investor-curbs-1.1742571


Ultimately, even if Cdn govt tried something, MRG has half of its assets in US, so should be partially protected.

[nini2022]

I'm also having a hard time how any measures would negatively impact apartment REITs. These REITs are providing more "affordable" level units....harming their business would just mean less incentive for new lower/mid-tier apartments.

[Capharnaum]

I think they imply that rent control measures could be put in place, which would "hurt" the residential REITs.