Post by
HermannHaller on Apr 26, 2022 1:32pm
Now is the time to load up
If you can stomach the near term worries, the yield is now 9.3%. And the housing market? CREA reports that March activity was 2nd highest of all-time, about 25% above the 10-year average. I think peope are way too pessimistic.
BRE has maintained (or increased) it's dividend consistently since it converted to a corp in 2010. Almost 12 years, plus 6 years previous as an income trust, that's a pretty solid track record.
Comment by
pierrelebel on Apr 29, 2022 4:52pm
"Now is the time to load up" I totally agree. Lots of selling lately. Shares now trading at $13.99 yielding 9.65% The dividend has been maintained for five years, including during the early days of the pandemic when few houses were being sold and no commissions were earned. Patience will be rewarded.
Comment by
HermannHaller on May 03, 2022 8:55am
Record home sales in Calgary https://www.bnnbloomberg.ca/calgary-housing-market-sees-record-high-sales-for-april-1.1760138