Economic slowdown hits the alternative lending business

July 2020

The coronavirus pandemic is hitting alternative lenders hard, with business down substantially, a handful of mortgage investment corporations stopping investors from redeeming their funds and others trying to offload their portfolios of home loans.

Read the Globe and Mail article here

'Garbage' private MICs should not blame coronavirus, says PM

May 2020

Dustin Van Der Hout warned investors off Private Mortgage Investment Corps back in August 2017. His alarm bell has now reached fever pitch after the COVID-19 pandemic ravaged markets and left investors exposed to what he believes are the structural flaws and high cost of poor quality private MICs.

Read the Wealth Professional article here

CMHC predicts house prices could drop up to 18 per cent

May 2020

Canada’s national housing agency is predicting home prices could plummet up to 18 per cent and mortgage arrears could soar to 20 per cent, a forecast some economists and real estate experts say is a particularly dire assessment of the pandemic’s effect on the housing market.

Read the Globe & Mail Article here

Two high-yielding blue chips in the preferred-share bargain bin

December 2018

Rate-reset preferred shares were built for the kind of world we were living in until this fall.

The sudden reversal of investor expectations for interest-rate increases has pushed rate-reset preferred into a tailspin that is a bit reminiscent of the harrowing plunge of 2015.

Read The Globe and Mail article here.

An important warning: A major concern in private mortgages

August 2017

We are always looking for unique investment ideas that have asymmetric risk/return profiles. In late 2015 we identified Canadian preferred shares as being a unique opportunity to buy great companies at fae sale prices. This resulted in significant gains for clients in 2016.

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An overlooked investing story: The rebound in preferred shares

January 2017

A happy but overlooked investing story of the past year is the rebound in preferred shares.

Read The Globe and Mail article here.

Lowly preferred shares an intriguing bet for the brave investor

February 2016

Stocks in the S&P/TSX composite index are okay as a buy-low opportunity, but you can do way better.

Read The Globe and Mail article here.

Special opportunity: High quality Canadian Preferred Shares

A happy but overlooked investing story of the past year is the rebound in preferred shares. The S&P/TSX preferred share index was up 18.4 per cent for the year to Jan. 13, a good start on erasing a few years of pure misery for the sector. The cumulative three-year loss for the index was 15.7 per…

October 2015

I have been an investor in the Canadian rate reset preferred shares market since starting as a retail advisor at a major Canadian bank. In recent months, the general stock market has been weak, but the preferred share market has been especially hurt. Many high-quality issues are down between 20%-30%+.

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