“Over the first 10 months of this year on equally weighted basis, the condo investments returned 7.4% while the REITs returned 21.4%. Going back the full five years, the two condos have returned 10.4% on equally weighted basis, impacted heavily by price declines in Calgary. Toronto condos returned 41.5% over the same period. Still the REITs, when combined, have returned 74% over that five-year period.” (Financial Post: October 25, 2012).

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http://business.financialpost.com/2012/10/25/reits-beat-condos-every-time/

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