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Commercial-Property Deals Set a Record in Canada at $34 Billion

  • Country is on track for an even stronger 2018, CBRE says
  • Share of deals by foreign investors is second-highest ever
Aerials Views Of Toronto As Housing Prices Fall For Fourth Month
Photographer: James MacDonald/Bloomberg

Commercial-property deals in Canada reached a record for a second straight year and show no signs of slowing as investors continue seeking high-yield assets in a haven from global turmoil, according to CBRE Group Inc.

Transactions last year totaled about C$43 billion ($34 billion), up from 2016’s record of C$34.7 billion, the real estate services firm said in a statement. Historically strong fundamentals, such as high rents and low vacancies, are likely to improve even further, pointing to potentially even higher investment in 2018, according to CBRE.