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RE/MAX of Western Canada releases 2016 Commercial Investor Report

Most of Western Canada continues to recover from oil downturn while activity remains brisk in Greater Vancouver, according to this year’s report

Other findings in this year’s report:

– In Edmonton, the number of commercial building and land sales was down eight per cent year-over-year while the value of those sales was down five per cent

– The number of commercial properties in Calgary sold during the first two quarters of the year was down 12 per cent from the same period in 2015

– Saskatoon’s commercial real estate sector has remained active and investors are confident despite a somewhat softer market caused by the downturn in the resource sector

– Regina’s commercial real estate market has remained fairly stable throughout 2016 with steady activity on a wide range of property types

– In Winnipeg, demand for commercial properties has continued to outpace supply, with investors primarily interested in retail investment properties, industrial properties and vacant land

– The total dollar value of commercial real estate sales in the Lower Mainland in the first half of the year was $7.135 billion, an increase of 94 per cent over 2015, with land the most in-demand property type

Suggested Facebook post:

The 2016 Commercial Investor Report is out! Find out what is happening in commercial real estate across Western Canada! http://blog.remax.ca/commercial-investor-report-2016-western-canada-edition/

Suggested Twitter post:

Have you checked out the Western Canada #Commercial #Investor Report yet? http://blog.remax.ca/commercial-investor-report-2016-western-canada-edition/

If you have any questions about this year’s Commercial Investor Report, please contact:

Wade Paterson
Social Media/Communications Coordinator
RE/MAX of Western Canada
wpaterson@remax.net

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Categories: Marketing Tools, Commercial UpdatesTags: , , ,

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