Canadian commercial markets post strong first half of 2012, as investor enthusiasm gains momentum, says RE/MAX

MISSISSAUGA, ON, Oct. 17, 2012 /CNW/ – While residential housing sales may be slowing in some parts of the country, demand for commercial real estate continues to climb, according to a report released today by RE/MAX.

The RE/MAX Commercial Investor Report, highlighting trends and developments in nine Canadian centres—Greater Vancouver, Calgary, Edmonton, Regina, Winnipeg, London, Greater Toronto, Ottawa, and Halifax-Dartmouth—found that almost all markets saw an increase in commercial sales and dollar volume over the six-month period ending June 30, 2012.  Canadian and foreign investors are behind the push, snapping-up apartment buildings and small strip malls given continuing low interest rates and a generally bullish tone for the Canadian economy.  Private investors, in particular, have gained a serious foothold in recent years, spurring demand for entry-level properties such as multi-unit residential, suburban and urban retail storefronts, and smaller office buildings.

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