The
National Post writes on Canada's "staggering growth" in commercial
real estate, a market that grew 48% in 2010. Led by Toronto, which saw
growth of 93% and 1,156 total transactions for the year, the surge is
attributed to a stronger economy and growing investor confidence.
"It's almost as if the recession was 20 years ago, instead of just
two," John O'Bryan, vice-chariman of CB Richard Ellis, said in a
release. "It was really a coast-to-coast recovery � something we
haven't seen before."
"This level of activity was not unexpected," Mr. O'Bryan said.
"Virtually every asset class in the country showed strong performance,
although operating businesses, such as hotels, manufacturing plants,
and retirement homes were somewhat slower to recover."
"On a regional basis, Toronto saw the value of its transactions double
from $3.8-billion in 2009 to $7.4-billion last year. In Vancouver,
1,263 commercial real estate transactions took place during 2010,
valued at over $2.9-billion, which was relatively unchanged from 2009."
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original source
National Post