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.
One wonders why the rental market has been allowed to be so manipulative. Is that what a democracy does for its citizens, just allow the profiteering without dealing with the consequences?
There is extortion going on in the rental markets and it is allowed to happen. So when will the government set up poor houses for those made homeless by soaring rents? And why can this happen everywhere in Canada?
Nothing makes sense in this city.
is there any brave politician to really tax these millionaires?
That’s Sustainable for the average person forsure
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