CANADIAN REAL ESTATE STAYS STRONG.

The main Canadian real estate index (Canada REIT) has doubled in the last five years. In the process, it has outperformed its US peer (US REIT) as well as the main European and North American public equity indices (DJ30, S&P TSX, CAC40, DAX). Perhaps equally important, it has shown less volatility over the last 10 years than any of the other indices in Europe or North America.