TSX:REI.UN - Post by User
Comment by
Shirtlessnomoreon Mar 05, 2021 12:10am
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Post# 32725394
RE:RE:SICKENING DROP TODAY
RE:RE:SICKENING DROP TODAYInterest rates CANNOT get crazy soon, that will effectively cripple the entire country, there is a catch 22 that has occurred thru the last number of years, if you raise the interest rates to say 6% or higher half the homeowners in the country lose their home. By lowering the rates for so many years that has effectively sent real estate prices higher and higher leaving it impossible to interest rates back to higher levels, now a little bit? Sure that might fly but they cant raise much or the banks will own thousands of properties while canadians go bankrupt. That is not what fixes the already sideshow that's happened in the last year. Crazy interest rates are NOT an option.
Tommy123 wrote: thenewsnake wrote: Looks like instead of cuddling up to $20, we are being slaughtered back to $18!
It's because in this new higher interest rate environment, it will be harder for RioCan to get financing at decent rates. That obivously puts pressure on their stock. I think it'll be a couple years until they increase their dividend, as interest rate payments are going to get crazy soon.