Commercial real estate in Calgary plunged in Q2

Calgary’s commercial market seems to have slumped, according to a new report by RealNet Canada.

The report found there were only 82 transactions valued at more than $1 million in the second quarter of 2015. All told, the investments totalled $344 million.

That’s down 60% from the first quarter and represents a decline of 42% compared to the same period last year.

RealNet said there was a significant slump in the office, industrial and residential land sectors.

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