The opportunity to purchase ‘Fantastically Cheap’ REITS has passed. Real Estate Stocks in both the US can Canada have been gaining momentum. The rally has been partially fueled by loosening credit markets and a greater confidence in the ability of real estate firms to refinance debt, particularly in the United States.
Real Estate Stocks Surging…no more ‘Fantastically Cheap’ REITS
Source: The Globe and Mail
Real estate stocks could lose easily some steam after their recent surge, but the battered sector still has legs, fund manager Keith Taylor says.
“I am still bullish because the valuations are still fairly decent,” said Mr. Taylor, a manager with Jones Heward Investment Counsel Inc.
Read the full article by Shirley Won “Real estate stocks prove a hot property” in the Globe and Mail (Sept. 03 2009).