REAL was a rock solid growth play during the pandemic that had a lot go wrong with it when rates skyrocketed and the government cut down on immigration.
Canada’s real estate bull run was heavily subsidized by record-breaking population growth. That tailwind has gone away, for now. Non-permanent residents are expected to lead to near-zero population growth in 2026.
Prices in Ontario are projected to continue falling through 2026. There is a lock in effect here,where homeowners refuse to sell at a loss, that keeps a boatload of houses from popping up on the market, but it also creates a market with no liquidity.
Hard pass on this one for me until we see some improvement in the real estate market.