REITs perform better than condos over longer term

Analysis by the Royal Bank of Canada shows that investors looking for long-term returns would be better off with REITs than condos.

REITs perform better than condos over longer term
Analysis by the Royal Bank of Canada shows that investors looking for long-term returns would be better off with REITs than condos. Comparing returns from the condo markets in Toronto and Calgary with two real estate investment trusts which own condos in those cities the RBC economists found that over the period 2008-2014 the REITs produced more than double the annual returns than the condos. Over shorter periods, depending on specific years, the condos performed better.