â€œVancouver and Toronto are favoured over Calgary which has not yet stabilized, while Montreal is currently a more locally driven market,â€ said the report.
Cushman & Wakefield noted the Canadian banking sector was one of the most stable in the world and debt availability continued to aid growth.
China remained the most active global property investment market in 2010 at about US$200 billion, followed by the U.S., the U.K., Germany, Japan, Hong Kong, and then Canada.
Toronto was the only Canadian city to rank in the top 20 commercial real estate investment targets in 2010, coming in 12th behind Chicago and Sydney at about $4 billion. London, Tokyo and New York were the top three targets, according to the report.
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Cushman & Wakefieldâ€™s International Investment Atlas Summary 2010 also said commercial rents stabilized and increased in some areas as the employment picture improved.