There were $11.2 billion worth of investments in Canada’s commercial real estate in the third quarter, setting a new record.

Following a record-breaking second quarter, the new record surpassed it by 13 per cent and total investment for the year-to-end of Q3 totalled $27.4 billion, the third highest behind 2012 and 2007.

“Appetite for Canadian commercial real estate continues to grow stronger on an almost daily basis. We are in a global low growth environment that is expected to endure for several years and Canadian commercial real estate assets offer investors solid returns in a yield-starved world. Government bond yields are at all-time lows and the stock market is trading on historically high price-earnings ratios which is driving interest into hard assets such as real estate,” commented Peter Senst, President of CBRE Canada Capital Markets.

'Foreign investment was a significant driver of the growth at 41 per cent of all deals in the year to the end of the third quarter.

“In a world where political uncertainty is growing, Canada, with its stable real estate market in a country that protects property rights, is about as a safe a bet as there is,” added Senst. 

Calgary and Edmonton saw the strongest growth in the market, rising 146 per cent and 55 per cent respectively; while Toronto and Vancouver remained strong.

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

More market watch: