30.10.2009
The commercial market of Canada has overtaken the USA
The Canadian market of the commercial real estate has started to be restored after 18 months of decline, having separated from "colleague" — the USA, informs Property Investor News. In the third quarter the volume of investments into the commercial real estate of Toronto has increased by 46 % to 1,31 mlrd Canadian dollars (1,22 mlrd US dollars), and quantity of transactions — on 20 %.
In the third quarter 27 transactions for the sum of 10 million Canadian dollars (9,4 million US dollars) while in their last quarter was 17 have been concluded. According to the president of company RealNet George Karrasa, the statistican specifies in position improvement in the market, however it yet does not mean that high-grade restoration has begun.
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