Jun
01
Sprott’s Buying Canadian REITs Because Its Cities Are So Crowded
By-
Canada’s urban concentrations open investment opportunities
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Holdings include Killam Apartment REIT, First Capital Realty
Sprott Asset Management LP is buying Canada’s real estate investment trusts because residents have no where else to go.
More than a third of Canadians live in the Toronto, Montreal or Vancouver metropolitan areas, 2016 census data show, while peers New York, Los Angeles and Chicago account for just a 10th of the U.S. population. This concentration opens investment opportunities in urban areas, according to Dennis Mitchell, who helps oversee C$3.1 billion ($2.3 billion) at Toronto-based Sprott…
Sprott’s Buying Canadian REITs Because Its Cities Are So Crowded
