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Bullboard - Stock Discussion Forum 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 64,300 residential apartment suites, town... see more

TSX:CAR.UN - Post Discussion

Canadian Apartment Properties Real Estate Investment Trust > No Change to Tax Rules on Residential REITs....?
View:
Post by AlwaysLong683 on Dec 07, 2022 9:10am

No Change to Tax Rules on Residential REITs....?

Excerpt from BNN Bloomberg article dated April 7, 2022:

"....some changes could be in store for Bay Street’s real estate investment trusts.
 
The feds are planning a review of housing as an asset class to determine how major rental apartment corporations impact the market – building on a promise in the Liberal Party’s fall election campaign.
 
The budget indicates the review will take into account how “large corporate players” are taxed, though it said more details on the review would be released later this year."

Haven't heard anything more about this. Has anyone else?

Perhaps the Feds are going to let this die a silent death and not change anything re. the taxation of Residential REITs. If they don't make a formal announcement deep-sixing this idea, it may take a while for the market to realize the Feds have lost interest in doing anything in this area....?


 
Comment by Mephistopheles3 on Dec 12, 2022 10:13am
Suspect the Fed won't be doing too much.  You can see things start to happen in the background with Ontario starting to take charge at the provincial level and with Toronto.   Not sure if you saw this article, but this was written by Mark Kenney at CAR in the G&M.   https://www.theglobeandmail.com/business/commentary/article-canada-housing-crisis-reit-investing/