2009 marked the worst year in a decade, although the fourth quarter reflected a sharp rebound
(Source: Globe and Mail)
Toronto’s commercial real estate industry had its worst year in a decade in 2009, despite an end of the year investment surge.
There were 990 transactions completed in the year in the Greater Toronto Area, with $5.4-billion worth of investments made in properties such as office towers, shopping malls and warehouses. At the market’s peak in 2007, about $12.5-billion of investments were made.
Read Steve Ladurantaye’s full article “Toronto commercial real estate sinks” in the Globe and Mail (January 18, 2010).