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  5. GDC: With a record immigration numbers and very few pre-construction sales due to the spook that high rates have put into real estate investors, there is a massive shortage of new housing units that has... [Genesis Land Development Corp.]
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Q: With a record immigration numbers and very few pre-construction sales due to the spook that high rates have put into real estate investors, there is a massive shortage of new housing units that has yet to be felt by the market (in my opinion). I think this is a uniquely Canadian problem and wonder if you see any companies poised to outperform when rates are falling and housing starts begin to pick up? Could you name 3-4 companies that would benefit in different ways when the shortage of available housing starts to translate into a rapid increase in units built?
Asked by Tim on March 18, 2024
5i Research Answer:

The selection of housing-related stocks is limited in Canada, and even more limited following the TCN takeover. GDC is one developer that could benefit. Also MRD. RUS and WFT could benefit from construction. DBM supplies the sector. 

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