Downturn in commercial real estate

Investment in Canadian commercial real estate declined sharply in the first half of 2008 and investment for the year as a whole is expected to be considerably lower than last year’s record level, says a mid-2008 report on the investment market by CB Richard Ellis Limited. The report says that in the first six months of this year investment in the Canadian commercial real estate market totaled $10 billion, 24 per cent lower than the $13.1 billion invested in the first half of last year.

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