It’s a little bit surprising that the investing world’s bubble police haven’t yet pounced on real estate investment trusts.
After being massacred in the 2008-09 market crash, REITs have been outstandingly good investments. The S&P/TSX Capped REIT Index is up 54 per cent on a cumulative basis over the past three years, roughly three times more than the broader market. In these risk-averse times, that’s the kind of performance that leads to bubble talk.
Read more: tinyurl.com/8r8qoea