nvestment in Canadian commercial real estate bounced back last year with the strongest performance in three years, at 11.1 per cent, as measured by the REALpac/IPD Canada Annual Property Index.
The annual total return -a marked turnaround from 2009’s negative return of 0.3 per cent, and 3.7 per cent in 2008 -is underpinned by a four per cent capital growth and a 6.5 per cent income return, said the report.
It measured $97 billion of directlyheld commercial real estate at the end of 2010. Montreal led the six largest commercial property markets, with a total return of 14.2 per cent. Calgary came in at 8.7 per cent and Edmonton trailed with 6.5 per cent. Returns in Vancouver were 13.7 per cent, Toronto 10.9 per cent and Ottawa just behind at 10.6 per cent.
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