Slowing rates hikes could spark REIT rebound in 2023, Hazelview report says

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The report calculates that REIT valuations are now discounted by 26 per cent and remain 14 per cent below their pre-COVID trading levels. By comparison, other global entities are trading nine per cent above February 2020 levels.Article content “And, while this can be frustrating for us as active managers, we know this can present exceptional opportunities in 2023 which we believe will be more about weaker growth, moderating inflation, and an end to rate hikes or a partial reversal.”further increased its interest rates by 50 bps to a rate of 4.25 per cent — marking the seventh increase since April, in what has been one of the most aggressive tightening cycles in history.

And once again the housing crisis will continue and worsen, as REITs will outbid average Canadians looking to buy a home.

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