The last three months of 2019 provided further momentum for the Greater Toronto Area’s commercial real estate market.
A new report from Urbanation shows total sales value increased 35% to $6.7 billion while the number of sales was up 19% to 420. Year-over-year, the quarter beat 2018 by 11% in sales volume and by 49% in value.
Year-over-year gains in Q4-2019 were experienced by rental apartments (+$1.4 billion), office buildings (+$753 million), industrial (+$291 million) and commercial land (+$96 million) in Q4-2019.
The strength of the market in the fourth quarter helped 2019 as a whole grow 4% year-over-year to total sales value of $22.3 billion from a 2% increase in sales to 1,423.
The strong GTA commercial market in 2019 supports an outlook by CBRE that .
Steve Randall has more than three decades of media experience encompassing online, newspapers, magazines, radio, and podcasts. He focuses on insights and news for professionals in finance, real estate, and legal services. Steve writes for multiple Key Media titles in Canada, United States, Australia, and New Zealand.
For landlords operating in today’s dynamic rental markets, providing an attractive, move-in-ready property can set them apart. Furnishing services, tailored specifically to landlords and property...
The City of Edmonton is investing up to $20 million in grants to support affordable housing development in 2025, marking the seventh round of funding...
For landlords operating in today’s dynamic rental markets, providing an attractive, move-in-ready property can set them apart. Furnishing services, tailored specifically to landlords and property...
The City of Edmonton is investing up to $20 million in grants to support affordable housing development in 2025, marking the seventh round of funding...