Post by
garyreins on Jun 21, 2024 11:37am
somethign feels off with this reit sell off
when US reit etfs are flat all month, every canadian name is bending over to fall lows....regardless of asset type or location. maybe foreign investors bailing? who knows
Comment by
canadian on Jun 21, 2024 11:47am
May be because of capital gains tax increase. Today is the last day.
Comment by
garyreins on Jun 21, 2024 11:48am
Who has 250k+ capital gains in reits? these trds are at 10 year lows...lol
Comment by
canadian on Jun 21, 2024 11:53am
Rich investors who bought at covid lows.There is no logic why all reits are falling inspite of rate cuts happening
Comment by
canadian on Jun 21, 2024 12:03pm
250k limit is only for individual investors not for corporations.For corporations the tax increases on every amount over zero dollar. Many rich people like doctors use corporations for running business and investments. They might be liquidating to avaid the tax. How many pro reit shares traded in last 10 days. may be 700k. that is only close to 1% of all shares.
Comment by
garyreins on Jun 21, 2024 12:09pm
Could be. If they buy back in is it saving money (requires some math), or are they just exiting investments in canada permanently