According to the Mid-Year National Investment Report released today by CB Richard Ellis Limited (CBRE), the combination of lower bond rates and increased availability of debt bolstered purchaser activity in real estate for sale Toronto market, driving year-over-year transaction volumes upwards during the first six months of 2010.
In good news for those look to buy homes Toronto, Canadian commercial real estate transaction volumes from January through June increased by 60.2 per cent, year-over-year, from $4.9 billion halfway through 2009 to $7.8 billion half way into 2010. Mid-year through 2010, the number of commercial transactions was 2,243, up from 1,565 transactions completed halfway through 2009. It is important to note that mid-year figures from last year were far lower than the historical average despite the significant national year-over-year increase in transaction volume,
John O’Bryan, vice-chairman, CB Richard Ellis Limited said that current mid-year transaction volumes and prices for Canada’s commercial real estate market reflect healthy, more normal and sustainable numbers when compared to the same period last year. There is signal in the numbers that the market has rebounded from the recession. The second half of the year typically shows stronger activity than the first, he added that the sell real estate Toronto market is poised to finish on strong and stable footing.
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