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Minto Apartment raises distribution, forecasts rent growth

Ottawa REIT sees long-term 'acute housing shortage' even if population growth stalls

Minto Apartment REIT owns Minto Yorkville in Toronto. (CoStar)
Minto Apartment REIT owns Minto Yorkville in Toronto. (CoStar)

Ottawa-based Minto Apartment REIT increased its monthly distribution to unit-holders by 3%, a move that comes as management says there is still room for rent growth in its portfolio.

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