REITs are not buying million dollar homes in Vancouver to rent out. None of the real estate hotspots where you literally can't buy a home on a normal salary are

REITs are not buying million dollar homes in Vancouver to rent out. None of the real estate hotspots where you literally can't buy a home on a normal salary are caused by REITs, because those homes have terrible yields. Most REITs focus on either large, 10+ unit apartment buildings, or on cheaper houses in less appealing locations with good yields. The real issue is that there is not enough supply in desirable locations.