Canadian Apartment Properties Real Estate Investment Trust T.CAR.UN

Alternate Symbol(s): CDPYF

Canadian Apartment Properties Real Estate Investment Trust is a Canada-based provider of rental housing. The Company owns and manages interests in multiunit residential rental properties, including apartments, townhomes and manufactured home communities (MHC), principally located in and near urban centers across Canada. The Company owns approximately 64,200 residential apartment suites, town homes and manufactured home community sites located across Canada and the Netherlands, with approximately $16.7 billion of investment properties in Canada and Europe. The Company’s objectives are to maintain a focus on maximizing occupancy and responsibly growing occupied average monthly rent (Occupied AMR) in accordance with local conditions in each of its markets; grow FFO per unit, sustainable distributions and NAV per unit by actively managing its properties; invest capital within the property portfolio and adopt edge technologies and solutions; and maintain financial management.

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Canadian Apartment Properties Real Estate Investment Trust > Rent increased 2.5% max in Ontariowe

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Comment by AlwaysLong683on Jul 14, 2022 2:00pm

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Post# 34824766

RE:RE:RE:Rent increased 2.5% max in Ontariowe

Yeah, the 100 basis point interest rate increase by the BOC yesterday is really throwing markets for a loop. Most were expecting "only" a 75 bps increase. The big Canadian banks are taking quite a hit to their share price even though higher rates are typically good for them as they can increase the rates they charge on mortgages and other loans, but I suspect the market fears an increased risk of loan defaults and higher credit loss provisions outweigh the potential increase in bank revenues.

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