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Top picks, active trends in apartment REITs from a Scotiabank analyst

May 12, 2025
Source: theglobeandmail.com theglobeandmail.com
News Snapshot:
Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow Scotiabank analyst Mario Saric described trends in apartment REITs, “Average National asking rent saw another month of m/m positive growth following back-to-back monthly erosion since August 2024. We estimate IIP markets were +0.8% (driven by strong outperformance in GTA West and Montreal), reversing all the 0.6% erosion from March, followed by BEI markets at +0.3% (dragged lower due to -0.5% and -0.8% in 1BR and 2BR Calgary), also reversing all of its 0.2% erosion last month. CAR, KMP and MI markets were all tied at...
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