For this week's live investing chat at Inside the Market, we were joined by Bob Dhillon, founder and CEO of residential real estate company Mainstreet Equity.
Mainstreet has been one of the top performers among REITs and real estate firms over the past decade on the TSX, with its stock rising about six times in price in 10 years. But this year - like other real estate firms that have struggled with the prospect of interest rates going up - it has only returned about 3 per cent.
The company buys mid-sized apartment buildings, then renovates and rents them at higher prices. It recently has been selling off Ontario apartment units and redeploying that cash in Western Canadian markets.
We probed Bob's mind to find out what he's thinking about the latest opportunities in real estate investing, including demographic trends, the types of real estate that should have the greatest growth opportunities, and his feelings on whether certain markets are facing a bubble.
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