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Reitmans Ord Shs V.RET

Alternate Symbol(s):  RTMNF | RTMAF | V.RET.A

Consumer Cyclical
Reitmans (Canada) Limited is a Canada-based specialty apparel retailer for women and men, with retail outlets throughout the country. The principal business activity of the Company is the sale of women’s wear. The Company operates three different brands: Reitmans, Penningtons and RW&CO. The Reitmans banner is a specialty fashion destination. The Reitmans has an online presence and store locations across the country. Penningtons is a destination for plus-size fashion, ranging from sizes 14 to 32. Penningtons operates stores across Canada, as well as an ecommerce site at penningtons.com. RW&CO. operates stores averaging 4,500 square feet in premium locations in shopping malls, as well as on their e-commerce site. Specializing in menswear and womenswear, the brand delivers versatile, well-crafted collections and brand experiences. It operates approximately 391 stores under three distinct banners consisting of 226 Reitmans, 85 Pennington, and 80 RW&CO.


TSXV:RET - Post by User

Reitmans Ord Shs > Cad : USD
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Comment by Torontojayon Aug 08, 2024 9:51am
63 Views
Post# 36169290

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Cad : USD

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Cad : USD

Lllennn wrote: A 37th-floor luxury condo in the heart of Toronto’s entertainment district that sold for a $320,000 loss is an example of a condo market that hasn’t been this tough in decades, realtors and observers say.
NO VOLUME? 1.90-2.00 volume IMO not fact imo.


I remember having a discussion with someone on Stockhouse that the Canadian housing market was in a bubble. The general push back I received was that immigration will keep property prices elevated. I of course disagreed with this individual. 

Now here we are, with over 1.2 million new immigrants entering Canada over 12 months and real estate is getting pummeled in Toronto. Keep in mind that most of these immigrants land in Toronto. Why aren't property prices moving higher? 

The real estate correction in Canada is far from over. Prices always continue to drop AFTER they lower interest rates as it did in the 1990's and GFC. 

We need to restore housing affordability in this country. Home prices will continue to decline or your wages need to increase substantially. One of these two things has to happen. So far it hasn't been the latter. 
 

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