Quote:
Originally Posted by iEatClams
Sears selling off their real estate assets right now (because they are at all time highs).
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I can't remember where i saw or heard it, but some "expert" said the Sears sell off might have more to do with their long term plan than the state of the current Vancouver RE.
His reasoning was that Sears was offering quite a bit of dividends to share holders and in his opinion, they might be downsizing and heading to a different direction.
If we sell ICBC selling off property from their portfolio, then that means they have lost faith in our RE.