REITs stock

This has been the rumor for quite some time yes. However, from what I have read the government is looking at taxing homes when you sell them only if you haven't been there long. The longer you live there, the lower the tax would be. This reduces the "flipping" mentality that is inflating the housing market.

As of right now, it's all purely speculation. We need something concrete released before we'd make investment decisions based off it.

I had discussion with my local MP he said the government has been looking at taxing homes when you sell them. This is not good either.

It certainly could have an impact on the residential REIT sector. But for right now, there isn't much in place to determine what he would actually do. There are some threats that they will consider restructuring how these companies will be treated tax wise, but realistically we need some concrete plans to see how the residential REIT sector will be impacted.