Almost $1 billion of Canadian commercial real estate was bought by investors from Europe, CBRE reports.
The increase in purchases from Europeans is still only around a fifth of all commercial real estate acquisitions by foreigners. Overall, international buyers spent a record $5.6 billion, representing 27 per cent of all commercial buyers.
Europeans have increased their investment as economic and political issues have made investment in their own region less secure. The Brexit vote in the UK is of particular concern, with London sharing high-rankings with Vancouver and Toronto for top cities for investment.
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