CALGARY — Calgary’s commercial real estate market garnered significant international investment activity in 2012, says Avison Young’s 2013 Canada, U.S. Forecast which was released Thursday.
“Market conditions are expected to remain favourable in 2013, with the commercial real estate sector continuing to benefit from growth in the energy industry,” added the report. “The Conference Board of Canada forecasts Calgary to lead the country in economic development with an average annual growth rate of 4.1 per cent for 2013 through 2016. Multi-residential and office buildings are anticipated to be the assets sought most by investors, while developers will focus on adding much needed space to the retail market.”
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