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Renters: Here’s a way to cash in on those profiting off you Add to ...

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There’s a an old piece of financial advice that says you should own the shares of companies that profit off you – banks, utilities and telecom and energy companies, for example.

Here’s an idea for people who rent their housing instead of owning – invest in the shares of Canadian Apartment REIT (CAR.UN). CAP, as it’s known, is a blue chip name in the world of real estate investment trusts and the third largest name in the S&P/TSX capped REIT index as ranked by market capitalization behind RioCan and Allied Properties. CAP’s property portfolio is focused on multi-unit residential properties – apartments, townhomes and mobile home communities – located mainly in Ontario, New Brunswick, Quebec, Alberta and British Columbia. The properties cover the entire market, from luxury through mid-tier to affordable.

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