October in Review
October has come and gone, pumpkin is still sitting out front but xmas decorations are already going up all around town. Never managed to get that pumpkin latte for myself, will have to wait until next year. Maybe an eggnog latte from Starbucks for xmas? I love this whole part of the year, from June -> December. Great summer months, fall + halloween/thanksgiving, then Santa time.
The little screaming men are doing well, both in daycare now but MrsSLM never seems to run out of things to do. We’re thinking about tearing apart a good chunk of the garage soon to plug up some winter drafts, and then insulate the whole thing. I’ve taken a week off next week to do that with her. Read quite a bit on different approaches; best seems to be going with spray foam, having experts (or diy) spray several inches of foam on the ceiling. Great r-value and also acts as a vapor barrier. Downside seems to be cost and the potential for off-gassing. Decided since we sleep a few inches above that foam, we’d rather not risk it and do it the slightly less efficient/more hands on way.
In other news, a multi-plex on our street is up for sale and after some discussion we’ve decided to jump in and go for it. Listed right now at about $550k, just negotiating that down a bit. Even at that price, the tenants more than cover the mortgage and taxes. I believe really strongly in our investment strategy, but it doesn’t hurt to diversify a bit into some actual brick&mortar. In the long run, I see this area improving quite a bit, the signs are already there today. In the last few years, we’ve seen nicer shops open up, more run-down lots getting bulldozed into condos, etc. Montreal is an island, so space isn’t exactly unlimited. On top of that, this is a couple minutes walk from a metro station.
It’s not official yet, but we’re accepting their counter-offer so it’s all but ours at this point. I’ll have to liquidate some of my positions though, which makes me a little sad 🙁
Also, South Park: The Fractured But Whole is out on PS4, I know what I want for Christmas.
Did quite well last month, pretty happy with that. This is an off-month but it’s creeping ever closer to $2000.
|H&R Real Estate Investment Trust||TSE:HR.UN||$32.20|
|RioCan Real Estate Investment Trust||TSE:REI.UN||$39.36|
|Allied Properties Real Estate Investment||TSE:AP.UN||$21.68|
|Chartwell Retirement Residences||TSE:CSH.UN||$19.20|
|Canadian Apartment Properties REIT||TSE:CAR.UN||$20.27|
|Cominar Real Estate Investment Trust||TSE:CUF.UN||$23.66|
|Dream Office Real Estate Investment Trust||TSE:D.UN||$21.25|
|iShares S&P/TSX Canadian Dividend Aristocrats ETF||TSE:CDZ||$70.92|
|Bank of Nova Scotia||TSE:BNS||$205.40|
|Inter Pipeline Ltd||TSE:IPL||$55.90|
|Exchange Income Corporation||TSE:EIF||$123.90|
|Enbridge Income Fund Holdings Inc||TSE:ENF||$62.62|
|TransAlta Renewables Inc||TSE:RNW||$19.74|
|Vanguard Canadian High Dividend ETF||TSE:VDY||$141.09|
|iShares S&P TSX Capped REIT ETF||TSE:XRE||$101.32|
|Forward Dividends||$28,789.63 / year (+$102.03)|
|Portfolio Value||$903,990.49 (+$24,789.27)|
See the full graph of dividends month by month on my Income page.