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Morguard CEO buys as interest rates stay low

A for sale sign sits on the lawn of a Vancouver home.

DARRYL DYCK/The Globe and Mail

Will recent insider real estate stock buying pay off? K. Rai Sahi, chief executive officer of Morguard Corp. , bought 51,100 shares between $68.99 and $69.14. That investment may get a lift from the Bank of Canada which sees inflation dropping to 1 per cent next year – a curious forecast given that their highly touted core inflation gauge is rising. Mark Carney's outlook is probably convenient policy camouflage for keeping rates low in case the euro zone implodes. But, if Europe stabilizes, easy money could end up inflating Canadian real estate asset prices.





Disclaimer:

Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com . Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.

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Graph Footnote:

Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.

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