Foreign investors continue to gobble up Canadian commercial real estate: report

December 12, 2016 6:13 pm

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Investment in Canadian commercial real estate in the third quarter reached almost $11.2 billion, setting a record for any 90-day period and marking the second consecutive quarter for a new high, according to a report out Monday.

CBRE Canada said foreign capital continues to be a driver of the market with $3 billion coming in from abroad to buy commercial property in the third quarter — 90 per cent of the amount directed at hotels.

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