Commercial real estate investment grew 48% in 2010, as a stronger economy and surging investor confidence drove investment levels close to their pre-recession highs.
CB Richard Ellis Ltd., a commercial real estate company, said that commercial real estate investment in Canada rose to $18.9-billion for 2010. The market was led by Toronto, which saw staggering growth of 93% to $7.4-billion, with total 1,156 total transactions for the year.
“It’s almost as if the recession was 20 years ago, instead of just two,” John O’Bryan, vice-chariman of CB Richard Ellis, said in a release. “It was really a coast-to-coast recovery — something we haven’t seen before.”
Read more: http://www.nationalpost.com/news/canada/Commercial+real+estate+heats/4277931/story.html#ixzz1Dwjr6P78
CB Richard Ellis Ltd., a commercial real estate company, said that commercial real estate investment in Canada rose to $18.9-billion for 2010. The market was led by Toronto, which saw staggering growth of 93% to $7.4-billion, with total 1,156 total transactions for the year.
“It’s almost as if the recession was 20 years ago, instead of just two,” John O’Bryan, vice-chariman of CB Richard Ellis, said in a release. “It was really a coast-to-coast recovery — something we haven’t seen before.”
Read more: http://www.nationalpost.com/news/canada/Commercial+real+estate+heats/4277931/story.html#ixzz1Dwjr6P78
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