Calgary Is Best for Commercial Real-Estate Returns on Oil Boom
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Calgary was the best city for commercial real estate investors last year, according to a global survey by Investment Property Databank Ltd. in which the top 10 locations were all in North America.
Rental income and higher property values in Calgary produced a return of 21.6 percent, the London-based research firm said. The Canadian city benefited from the booming oil and gas industries and a restricted supply of real estate, IPD said. Sydney and Cape Town, also dominated by commodity companies, generated returns of 9.9 percent and 11.2 percent.