Canadian Budget

Canadian REITS have Access to CMHC Funds

by creitadmin on February 5, 2009

How do REITs rate in the new Harper budget? They may do quite well. Access to Canadian Mortgage and Housing Corporation (CMHC) funding gives Canadian REITs a chance to weather the current economic difficulties better than many other investments.

Access to financing that is fair and transparent to all shareholders may assist REITs to grow in this fragile market. Read examples in kciinvesting’s article “How Harper Rates” by Roger Conrad.

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Federal Infrastructure Assistance and REITs?

by creitadmin on February 3, 2009

Could Federal Infrastructure Assistance, announced by Mr. Flaherty in the latest Canadian Budget, assist REITs in Canada? This assistance, which may be available to communities to establish architectural and building guidelines and downtown beautification and also to upgrade water and sewer infrastructure, could benefit the quality and growth of REITs in Canada.

Malls and Health centres, often operated by REITs can improve their quality and expand their capacity through the growth and upgrades communities may access. Many smaller Canadian centres have not had the ability to upgrade their infrastructure and,thus, could not accommodate growth or upgrades to privately owned facilities. While these communities have need for increased and upgraded capacity it has been difficult for the REITs to justify the upgrades and to realize growth without community support.

Read more on this opportunity “Snapshots from the Edge of Canada” by Eleanor Beaton and Peter Mitham in the Globe and Mail’s Report on Business.

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