Friday, February 24, 2006

Real Estate advances

The top performing stocks in the S&P/TSX Real Estate Index continue to move forward. Real estate stocks are up 2.5% this past week. Leading the group is Boardwalk Real Estate Investment Trust (BEI.UN) which is at a 52-week high today. It is outperforming the TSX by 8% over the last 13-weeks. Canadian Real Estate Investment Trust (REF.UN) advanced 6.6% last week. The relative performance of the sector is reflected by the fact that the iUnits S&P/TSX Real Estate Index ETF (XRE) has had positive moves for 6 of the 8 trading weeks to-date in 2006.
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