RE:RE:RE:RE:There has been no posting here since Sept 07Smart buy incomedreamer. Investors who understand that what is happening today does not represent what Canada or the world will look like a year or two or three years out, will profit. Sure, some folks are moving to suburbs or countryside to ride out the covid wave. And immigration numbers have temporarily dropped thus reducing demand. This will not last. Canada's population will continue growing, property prices will continue increasing thus pricing out more potential buyers (happening for the past 20 years) especially because we now exist (and did pre-covid) in a low growth, low inflation, crazy low interest rate environment, and apartment demand will rebound.
Its a matter of numbers. At its core, real estate is a supply/demand business.
MI recently raised their dividend. Conservatively managed companies, as MI is, do not raise dividend unless forecasting strong cash flow well into the future, not just one or two quarters. Current sp for MI is shocking, no doubt. All the more reason to buy more shares, tuck them away, collect monthly yield and wait for sp to increase. As some retailers like to say, 'these prices won't last long'. GLTA