An impressive $13 billion worth of commercial deals were done in the Greater Toronto Area in 2012, according to the stats released last week by the notorious number crunchers at RealNet Canada.
Both the amount of activity and the value of the deals were enough to break GTA commercial property records.
RealNet recorded 1,984 asset sales of more than $1 million in 2012 for retail, industrial, offices and other commercial properties.
Here are some other highlights from the RealNet report:
- The 2012 total surpasses 2011’s record by $380 million.
- There was a record high of 14 asset sales over $100 million in 2012.
- Investment activity in Q4 of 2012 was the strongest of the year with $3.87 billion of transaction volume.
- Q4 was the second highest quarter on record for dollar volume (second only to Q4 2006).
Have a look at RealNet’s chart below to see just how impressive 2012 was: