You can stil(l) make money in real estate: any one of the four REITs in Canada is considered an attractive buy for conservative investors.

From: Money Digest | Date: November 1, 1996| Author: Stephan Katmarian | Copyright information

A year ago, I suggested that Real Estate Investment Trusts (REITs) were a good choice for conservative investors. I suggested Canadian Real Estate Investment Trust (CREIT) (TSE: REF.UN, 416-921-7771), then trading at $8.50.

CREIT has since traded up to $10.80 and returned $0.82 in distributions for a total return of 37%. So much for the theory that you can't make money in real estate anymore.

I believe that CREIT and REITs in general remain attractive and thu...

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