RE:RE:INTEREST RATESIt's a multi variable equation... snakey just needs a simple answer so he can point and complain about it... you are spot on, the us banking collapse and how the mainstream media linked regional collapses and vulnerabilities to commercial real estate specifically, obviously resulted in significant downward pressure. All else being equal, if I ran a multi million dollar ad campaign to engine fear around an asset class, that asset class will go down (how much and for how long depends on the campaign)... over the past month, another contributor, in my opinion, in Canada specifically, has been from forward looking investors who have seen the red hot housing market and easily made the connection to inflation, which will of course lead to the need for another hiking cycle - adding further downward pressure. The silver-lining to all this - now that CDN bond yields have shot up, on top of everything else, it's safe to say the REIT market has priced a lot of the above in... It has been my theory, which is evidenced by timing and trends, that real estate is hyper sensitive to rate changes and moves FIRST, before equities... equities aside, I say all this to say, having bought the previous 4 dips in REITs, every single time, my REITs went on sale before equities, and every single time I questioned myself - "what if they keep going down when equities eventually crash" - but they never meaningfully did - the face ripping dip in REITs always preceded the dip in equities... I hope that is where we are at with a lot of these REITs today. Just my thoughts and observation from the past 2 years (this cycle). Cheers and Good morning - hope you have a nice day (to anyone reading this).