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The TSX Index has had quite the bounce-back year, up 18.89% as compared to the 11.64% loss it suffered in 2018. Unless it pulls back in a meaningful way over the next couple of weeks, it will post its best year since 2009.
Similarly, the S&P/TSX Capped REIT Index is also having one if its best years in some time. The Index is up 16.43% and Canadian REITs are now trading well above historical averages. As of end of November, Canadian REITs were trading at an average of 17.5 times trailing twelve months [TTM] funds