Artis Real Estate Investment Pref Shs Series E T.AX.PR.E

Alternate Symbol(s): T.AX.PR.I | T.AX.UN | ARESF

Real Estate REIT - Diversified

Artis Real Estate Investment Trust is an unincorporated closed-end REIT based in Canada. Artis REIT's portfolio comprises properties located in Central and Western Canada and select markets throughout the United States, including regions such as Alberta, British Columbia, Manitoba, Ontario, Saskatchewan, Arizona, Minnesota, Colorado, New York, and Wisconsin. The properties are divided into three categories: office, retail, and industrial. The industrial properties account for most of the portfolio, followed by the office properties and the retail properties.

TSX:AX.PR.E - Post by User

Artis Real Estate Investment Pref Shs Series E > CNBC article

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Comment by rad10on Jul 13, 2024 8:25am

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Post# 36131436

RE:RE:CNBC article

Torontojay wrote:

DZtrader wrote:
Further to my post a few days ago regarding the lagging nature of Owners Equivalent Rent "OER", suggesting why I believe the U.S. inflationary target is for all intents and purposes already there.

https://www.cnbc.com/2024/07/11/heres-why-housing-inflation-is-still-stubbornly-high.html

I'll explain in a nutshell why shelter inflation is high. Would be "home buyers" are priced out of the market due to 7% mortgage rates so they turn to rent which pushes rent prices higher. Nobody that owns a home is listing it for sale because there is no reason to exchange a 3-4% mortgage they currently have for a 7% mortgage. There is very little supply of existing homes for sale keeps home prices elevated and in some markets are still increasing.

In the USA where you can get a 30 year fixed mortgage - that may indeed be the case.

Mortgages in Canada like many preferred shares reset every 5 years. The cracks in the housing market in Canada are already starting to show!

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