Commercial real estate sales hit quarterly record as investors hunt yields

December 9, 2016 8:51 pm

the vancouver sun

CALGARY — Real estate firm CBRE says Canada hit a record level for commercial real estate sales in the third quarter and is on track to beat an annual record set during the 2007 boom.

The firm says sales of office space, apartments, land and other commercial properties hit $11.2 billion in the quarter ended Sept. 30 and forecast that for the full year there will be more than $35 billion in deals across the country to surpass the current $32.1-billion record.

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