The REALpac/IPD Canada Quarterly Property Index shows that Canadian commercial real estate continued to deliver strong results in 2013 with a total return of 10.7 per cent, reports CNW.

In 2013, real estate underperformed public equities, checking in at 13.6 per cent (MSCI Canada Index). However, it outperformed bonds at -3.6 per cent (J.P. Morgan Government Bond Index 7-10 years) and inflation at 1.2 per cent (Statistics Canada).

Of Canada's six largest real estate markets, commercial real estate in Calgary and Edmonton showed the biggest gains. But the situation was noticably different in Montreal and Toronto, where returns were slightly below the market average.

The lowest returns were seen in Ottawa. The sub-par performance in the capital region was caused by below-market income and capital returns.

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate