(Source: The National Post)

Canadian real estate investment trust have risen 40% in value since bottoming out in early 2009, but CIBC World Markets senior economist Benjamin Tal thinks there is more to come and favours them over their U.S. counterparts.

“Against a backdrop of a virtual drought in commercial real estate financing south of the border, the availability of capital in the Canadian space suggests that commercial real estate on this side of the border will be the first to capitalize on improving economic conditions,” Mr. Tal wrote in a report.

Read the full article by Jonathan Ratner, “Canadian REITs favoured over U.S. counterparts” in the National Post (Nov 26, 2009).

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