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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