A new report says the total value of commercial real estate sales in the Greater Toronto Area in the second quarter rose 43 per cent compared with a year ago.
The report by Avison Young says sales of office, industrial, retail, multi-residential and industrial, commercial and investment land across the region totalled $7 billion for the three-month period, up from $4.9 billion a year earlier.The report says the industrial sector saw the highest investment dollar volume during the quarter with $2.6 billion compared with $1.4 billion in the same quarter last year.
The ICI land category garnered $1.7 billion, up from $1.6 billion a year ago, while office properties saw $1.1 billion in deals, up from $349 million in the second quarter of 2021. Multi-residential deals totalled $1 billion, up from $815 million in the same quarter last year and retail property deals amounted to $696 million, down from $725 million a year ago.
Your time is valuable. Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How to know if you own any of the $1.8B in unclaimed bank accounts in CanadaDespite efforts by the Bank of Canada to get in touch with the money’s rightful owners, the total value and number of inactive accounts has exploded
Source: calgaryherald - 🏆 64. / 52 Read more »
Belleville Police report; arrest on warrants, two charged in vehicle theftTotal calls for service - Belleville Police responded to 72 calls for service over a 24-hour period beginning ...
Source: quintenews - 🏆 76. / 51 Read more »
Hotel prices in Ontario have shot up a shocking amount in the last yearGiven the ever-increasing costs of, well, everything lately as well as the fact that trying to catch a flight is now a total nightmare, you'd think... Any savings from the “staycation” tax break was easily eaten up by greedy hotels. Supply & Demand? Higher costs to hire new workers? Higher energy costs? Higher costs for all the things necessary to run a hotel/motel or any business? More govt BS? What, no mention of the average price of a hotel room? journalism101
Source: blogTO - 🏆 44. / 63 Read more »
COVID-19: Three more deaths reported by Ottawa Public HealthThere have been 862 total deaths in Ottawa Public Health jurisdiction since the pandemic began, a twice\u002Dweekly report said Tuesday. How many died of cancer, heart attacks? It’s getting f’ing old. NEXT.
Source: ottawasuncom - 🏆 4. / 92 Read more »
Three more COVID deaths in Ottawa, public health reportsThere have been 862 total deaths in Ottawa Public Health jurisdiction since the pandemic began, a twice\u002Dweekly report said Tuesday.
Source: OttawaCitizen - 🏆 21. / 68 Read more »
How to know if you own any of the $1.8B in unclaimed bank accounts in CanadaDespite efforts by the Bank of Canada to get in touch with the money’s rightful owners, the total value and number of inactive accounts has exploded Easy....I'm not wealthy enough to lose track of an entire account. Who does that?
Source: nationalpost - 🏆 10. / 80 Read more »