Commercial property deals in Canada reached a record for a second consecutive 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 totalled about $43 billion, up from 2016’s record of $34.7 billion, the real estate services firm said in a statement. “Despite the relatively late stage in the cycle, investors are not shying away from Canadian commercial real estate,” Paul Morassutti, executive managing director for CBRE Canada, said in the statement. Canada was one of just four countries to set back-to-back records for commercial real estate investment last year, the others being China, Spain and the Netherlands, according to the firm. Foreign investors last year accounted for 13 per cent of all deals above $10 million.

Source: thestar February 28, 2018 16:52 UTC