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Looks like returns on real estate funds in Canada have gone negative:
"For the one-year period ended May 31, the 32 funds in the real estate
category averaged returns of 13.61%, while the three-year average
annual compound yield through May was 15.62%, and the five-year
annualized figure was 10.63%. Some funds posted yearly returns
approaching 20%.
More recently, though, the figures have not looked nearly as rosy. The
average return for real estate funds during May was negative 1.63%, and
the average three-month figure through May was a mere 0.01%."
WARNING: lots of positive spin in this article by the fund managers:
http://www.canada.com/nationalpost/financialpost/story.html?id=0032ce2d-84e6-4fd8-91d5-72de1b082579&k=27144
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Real Estate Returns in Canada Go Negative
