Foreign investment in Canadian commercial real estate dropped 70% in the first half of the year amid a scarcity of large portfolios for sale, data from Altus Group Ltd. show.
Transactions totaled C$1.5 billion ($1.1 billion), down from C$5 billion in the first six months of 2018, when Blackstone Group Inc. and Ivanhoe Cambridge Inc. bought a Canadian industrial landlord for about C$3.8 billion, Altus said.
