MCAN is a Mortgage Investment Corporation (MIC) traded with symbol MKP on the TSX. Its mortgage portfolio contains a mix of construction loans and single family mortgages. According to their most recent investor update the loan portfolio is worth $919… Continue Reading
Enbridge (ENB) has announced this morning it will acquire all the outstanding shares of Enbridge Income Fund (ENF). The deal will see each common share of ENF exchanged for 0.735 of a common share of ENB and $0.45 cash. With… Continue Reading
As a Toronto property owner, I guess its good for me when my competitors won’t add to the supply of residential rental apartments (“smart”/current landlords are getting rich(er)), but as a Torontonian, I think rent control is hurting our city… Continue Reading
http://business.financialpost.com/fp-comment/terence-corcoran-the-kool-aid-man-out-to-kill-home-capital-raises-a-glass-to-the-osc
There is a lot of potential M&A that could be done in the Canadian REIT sector for companies to realize greater diversification and scale. There is also a rule in Canadian REIT laws that allows for a REIT to own… Continue Reading
http://www.theglobeandmail.com/report-on-business/industry-news/property-report/totally-tubular-design-pays-off/article28652155/
Brookfield Asset Management has made an offer to purchase the remaining interest in Rouse Properties it does not already own. Shares of Rouse have been trending lower over the past year and currently have a dividend yield of just over… Continue Reading
Happy to hear this week that Morguard will take over management of Temple Hotels, details listed in the press release below. This is positive news for Temple which is being hurt by the Western Canadian slump and a weak balance… Continue Reading
What’s interesting about this deal is CNQ will take cash and shares for selling its royalty lands to PrairieSky, and then give their CNQ shareholders a special dividend of PSK stock. With this transaction, PSK will get much bigger than… Continue Reading
Last week MGM Resorts International announced they will carve out a REIT from their operations to be called MGM Growth Properties. This is the first major Las Vegas strip property owner to clearly give intentions on REIT creation. Caesars has a… Continue Reading
