News Formal

GTA Commercial Real Estate Investment Plunges 34% in Q3

  • 📰 storeyspub
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 74%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

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

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 16. in RU
 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

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
Источник: storeyspub - 🏆 16. / 74 Прочитайте больше »