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Centre Pointe West Boardwalk Rental Communities Boardwalk REITs
Centre Pointe West Boardwalk Rental Communities Boardwalk REITs
(Handout/Boardwalk REIT)

Canaccord predicts double-digit returns from Canadian REITs in 2014

Real estate investment trusts were a major disappointment last year for investors, as a spike in long-term interest rates brought an end to several years of impressive returns. The S&P/TSX Capped REIT index fell 5.5 per cent.

But Canaccord Genuity believes the poor performance won’t be repeated in 2014 and is advising clients not to abandon the high income-producing sector.