True North Commercial REIT T.TNT.UN

ANYONE KNOW

[garyreins]

Why reits are in freefall despite the BOC starting to cut.  I think the opposite would have happened since canadas economy can pick up later and avoid recession along with borrowing costs for reits

if you dont have US buildings or ffinacning its a bullish thing

I dont get it here- reits diving for 10 days in a row

is it a flush out?

[lancebryant]

It's because people that buy REITS are broke.  I know that sounds like it shouldn't be true but it is. The selling is due to distressed sellers organizing capital to make sure they don't lose things like there house, car or other important bills. It was worse in the 1930's.  Companies got so cheap back then it makes even the current PE ratio of 3 look expensive

[gold_diggers1]

Are you saying that get some powder ready and pull triggers later on? GLTA  

[BlueJay2020]

That's only the selling part of the story.  On the buying side, real estate just isn't sexy enough - unless it's a house.

[flamingogold]

Residential is facing a stalemate position. No one can afford to move and few can afford to buy. Homes that do sell quickly are in desireable areas. Condos are comatose and selling below bid. Canada needs another rate chop, the last one did not bring about enough confidence among buyers. Our dollar will suffer but our economy will suffer more if the BoC doesn't execute on another cut. Either