Are you located in Edmonton? If not it may be tough to deal with all the issues that come up in a timely manner (ie. plumbing, electrical, etc) that need to get fixed very quickly. Canadian REITS are a good way to get real estate exposure in a diversified way. Buying an apartment building would be like putting all your eggs in one basket as someone mentioned above. Personally I'd go with REITs over an apartment building 99/100 times - unless the local market values go up quickly (highly unlikely) you'd probably get higher returns (and waaaaaay less headaches) with REITs over an apartment building
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