By Hardcore Value
Ok, so far I’ve been wrong on my view of the Canadian residential real estate market. My first article, the Canadian Real Estate Bubble? was back in March 2011. I also wrote back in October 2011 that the CMHC was a key player in inflating the bubble and likely to come under stress when prices fell. However, its March 2012 and prices (and debt) continue to rise.
(* denotes estimated data)
Gates Capital Management's ECF Value Funds have a fantastic track record. The funds (full-name Excess Cash Flow Value Funds), which invest in an event-driven equity and credit strategy, have produced a 12.6% annualised return over the past 26 years. The funds added 7.7% overall in the second half of 2022, outperforming the 3.4% return for Read More