CIBC: Price appreciation is expected for Canadian REITs this year

Canadian REIT prices could push higher this year, rising 3% to 8%, according to a report by CIBC World Markets. On a total return basis, they could deliver average returns of up to 15%. "With solid property fundamentals, attractive, but closer-to-fair valuations, and strong direct property demand, we believe expectations for positive price appreciation, combined with distribution income, to deliver low-double digit returns are quite reasonable in 2011," the report says.

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