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I know, it’s a pretty crazy thing to think about right now. A housing boom? With interest rates through the roof and a crash in prices? The Canada Mortgage and Housing Corporation (CMHC) continues to believe the decrease in housing prices in 2022 will continue into 2023. However, there should be a rise sometime in 2023, which could affect real estate stocks.
That rise in the housing market should come sometime in 2023 and continue into 2024 and beyond. So, what company will benefit from these new conditions, and which should investors hop on now?
Investors looking for a recovery would definitely do well considering RioCan REIT (TSX:REI.UN), even right now. The company makes investments in mixed-use properties in urban areas where there is a lot of foot traffic. You can live, work, and shop in the same location.
Yet, of course, shares haven’t