REITs provide safer alternative for wannabe landlords: Dale Jackson
BNN Bloomberg
There’s a lesson for anyone wanting expand their investments beyond a home to the wide world of real estate; real estate investment trusts (REITs) are the safer way to make money, Dale Jackson writes for BNNBloomberg.ca.
Earlier this month, the CEOs of Canada’s largest banks warned many of their clients could default on their mortgages as they struggle to keep pace with higher monthly payments.
There’s a lesson for anyone wanting expand their investments beyond a home to the wide world of real estate; real estate investment trusts (REITs) are the safer way to make money.
REITs are publicly traded companies that own or finance income-producing real estate. They have not been immune from the global real estate slump brought on by higher borrowing rates, but the sector is already showing signs of recovery as the end of the central bank hiking bonanza winds down.
