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Investors Lift Canadian Commercial Real Estate to Record Quarter

  • Canada had $12.5 billion in transactions in second quarter
  • Toronto, Vancouver and Calgary topped the investment rankings
Aerial Views Of British Columbia's Capital Ahead Of GDP Figures
Photographer: James MacDonald/Bloomberg

Canadian commercial real estate investment reached new heights in the second quarter, boosted by a pair of big acquisitions and by the lure of attractive, income-producing property.

Transactions reached C$16.5 billion ($12.5 billion). That’s 38 percent more than the previous record, set in the first quarter of last year, and more than twice the five-year quarterly average, CBRE Group Inc. said in a report Monday. Deal volume for the first six months was C$26.8 billion, a half-year record.