Why homeowners need REITs in their portfolios - MoneySense

Why homeowners need REITs in their portfolios

Many homeowners figure there’s no need to own real estate investment trusts (REITs), as they already own a property. But as this graph shows, REITs have little correlation with the Canadian housing market. Your home is an extremely undiversified bet on real estate—a single home in a single neighbourhood—while REITs are diversified and tend to move with the stock market.

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