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Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow

Real Estate

Scotiabank analyst Mario Saric surveyed the domestic rental market and related REITs,

“Monday’s Rentals.ca November data was worse than October. Avg. 2BR asking rents fell -1.8% m/m (vs. -0.7% October), driving the 3-month avg. to -1.2%; avg. 1BR was -1.6% vs. -0.6% October. National Apartment Rent fell -1.2% m/m vs. -0.4% October, with 3-month avg. at -0.8%. Last November, rents fell by less at -0.8% m/m. We estimate market asking rent erosion range of -0.3% (KMP) to -0.8% (BEI), with KMP markets the “best” and BEI most ‘challenged’ for the 2nd straight month; KMP benefited from m/m growth in New Brunswick. On 2BR data, Vancouver (+0.5% m/m) outperformed, with Edmonton

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