Canadians have spent more on real estate in Manhattan than any other foreign investor according to new figures. Real Capital Analytics says that U$3.85 billion of New York property in 2015, doubling the amount spent last year. CBC reports that pension funds are the largest single group of investors with a total of U$581 billion under management in the city. Canadian firms are also involved in developments in Manhattan including a large waterfront project which could create 17 million square feet of commercial and residential space.
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