Canadian REIT Performance: The underlying performance of Canadian Real Estate Investment Trusts (REITs) held within the CFRT.TO ETF significantly impacts its price.

Interest Rate Changes: Increases in interest rates can negatively affect REITs as borrowing costs rise, potentially decreasing property values and dividend yields, thus impacting the ETF's price.

Economic Conditions: A strong economy usually supports real estate demand and rental income, benefitting REITs and the ETF. Conversely, economic downturns can negatively impact occupancy rates and property values.

Inflation: REITs can act as an inflation hedge since rental income may increase with inflation. However, high inflation may also drive up operating expenses and interest rates, affecting REIT profitability and the ETF's price.

Market Sentiment: Overall investor confidence and risk appetite in the broader market, as well as specifically towards REITs, can influence demand for CFRT.TO and thus its price.

Sector-Specific News: News related to specific REIT sectors (e.g., residential, commercial, industrial) or major holdings within the ETF can affect investor sentiment and the price.

Dividend Yields: The dividend yields offered by REITs are a key attraction for investors. Changes in yields due to factors like occupancy rates or property values can impact the ETF's demand and price.

Management Fees & Expenses: The ETF's management expense ratio (MER) reduces returns and can influence its relative attractiveness compared to similar ETFs, indirectly affecting its price.

Currency Fluctuations: For REITs with properties outside Canada, currency exchange rates can impact the reported earnings and thus influence investor perceptions and the ETF's price.

Supply & Demand: General supply and demand for CFRT.TO shares in the market will influence its price. High demand will drive the price up, while increased selling pressure will lower it.