Looking for an investment with skyscraper-high returns? Forget condominiums in Toronto or Calgary and think about real estate investment trusts that own apartments.

That’s the conclusion of Michael Smith, a real estate analyst at Macquarie Equities Research, in the fourth annual installment of his study comparing a REIT investment in the apartment sector to a condo investment. The REITs are still way ahead.

Read more: http://tinyurl.com/934jwf3