Brookfield Residential Property (BRP.TO)

(A Top Pick April 22/14. Up 36.88%.) Recently acquired by Brookfield Asset Management. Had really great assets and did a great job of investing in land, buying assets during the housing downturn in 08-09.

If there is a caveat on any of these, it would be what happens if rates go up. This company has one of the best management teams around. He doesn't want to be in this sector.

A play on US housing, a trend he likes which he expects will continue to improve over the next number of years. One of the leading land development companies and homebuilders. The difference between them and other homebuilders is that they have about half their business in Western Canada, which has been very strong with the other half in the US. Almost more of a land development business where they make their profits by developing and selling lots than they do from building homes. Rising home prices in the US would lead to strong appreciation in land prices. Have about a 20-25 year inventory of lots in land, where the traditional homebuilder has only a 4-6 year inventory.

(A Top Pick Oct 17/12. Up 26.89%.) A very special controlled company of the Brookfield group. This one is occupying vast lands on the US West Coast and holds luxury properties. A very good way to be invested in the best side of the housing situation in the US.

(A Top Pick October 17/12. Up 21.81%.) Has traded down with the real estate sector at large. Has very important holdings in mainly luxury property and vast landholdings in the West Coast area of the US.

Too illiquid for him to get into. Can easily get fees on house sales.

It was luxury homes in the US and combined it with Carma (?) in Canada. Rare opportunity to buy a combination and, indeed, to buy Canadian housing.