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Canadian real estate investment trusts (REITs) are an excellent way to invest in real estate passively. The idea is that you’ll get paid monthly income while you wait for price appreciation. At the same time, investors need to treat Canadian REITs like stocks. The stock prices are bound to go up and down, sometimes creating excitement and other times stirring fear.
Since 2022, interest rates have gone up, pressuring stock valuations, including triggering a selloff in Canadian REITs. Here are a couple of top Canadian REITs that investors can consider buying at a discount today. Notably, it’s possible that the REITs will continue to be weighed down until we are in a new interest rate-cutting cycle.
Residential REIT stock trading at a discount
Residential REITs tend to command a premium valuation because of the defensive nature of their assets. Everyone needs a place to live. If they don’t own the…
