GTA Commercial Real Estate Investment Plunges 34% in Q3

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The rising cost of borrowing is putting a strain on commercial real estate as well as residential. altusgroup | realestate realestatenews GTA Toronto

2:11 PM Nov 22, 2022

The Bank of Canada has raised interest rates a total of six times since March in order to combat soaring inflation. That has brought the benchmark cost of borrowing from a pandemic-era low of 0.25% to 3.75% today, a level not seen since April 2006. That has effectively thrown cold water on buying and investment intentions at all levels of the real estate market.

The office sector also remains a strong standout, with total investment doubling that of 2021 thus far at $3.5B. However, as Altus points out, this figure gets a notable boost by the sale of

 

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हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

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इंडिया ताज़ा खबर, इंडिया मुख्य बातें

Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।

New Home Sales in GTA “Much Improved” as Buyers Return to the Market: BILDFollowing a sleepy September, the GTA’s new home market showed signs of life in October - although still well below the monthly norm. bildgta | altusgroup | Toronto realestate realestatenews realestatemarket
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