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File photo of new home construction in Carlsbad, Calif. Consumer sentiment in the U.S. hit a nine-month low in April.
File photo of new home construction in Carlsbad, Calif. Consumer sentiment in the U.S. hit a nine-month low in April.
(MIKE BLAKE/REUTERS)

Dundee’s DREAM IPO bets big on Saskatchewan and Alberta

Investors looking for a long-term play on the merits of Saskatchewan and Alberta’s housing boom will soon have their chance to plow money into a major land and residential developer.

In December, Dundee Corp. announced it would spin out DREAM, its private real estate company, through an initial public offering and the shareholder vote for this transaction is now less than a month away.