More Money Going Into Canada’s Commercial Real Estate Market

Reports by CBRE showed that about $1 billion of commercial real estate in Canada was purchased by investors from Europe.

Of most of the commercial real estate that was taken over by foreigners, about a fifth of the whole, with the increase in purchases are from Europeans. As part of a whole, buyers from across the world spend about $5.6 billion as recorded, which comes down to 27 per cent of the commercial buyers in total.

With the concerns of political issues and economic matters causing investment in some specific parts of the world being less vulnerable and safe as houses, Europeans have gotten their investment increased as an attempt to deal with the situation on hand. With London shares being highly ranked, and Toronto and Vancouver being the main cities investors are putting their money into, it is of grave concern the issue of Brexit vote in the UK.