Archived - Standard Industrial Classification - Establishments (SIC-E) 1980
7222 - Real Estate Investment Trusts
Establishments created under a provincial or federal "Declaration of Trust" as unincorporated trusts having one class of transferable units or shares with equal voting, distribution, liquidation and other rights. The declaration of trust limits their business activities primarily to investment in mortgages, real estate equities and purchase leasebacks. The role of the trust is restricted to that of an investor and excludes them from participating as an active developer of real property. Included are establishments of affiliated financing companies whose activity is restricted to the borrowing of monies to finance the activities of the trust.
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