Optimism for Canadian Commercial Real Estate Investment Market
According to the 2010 National Investment Report issued by CB Richard Ellis Limited (CBRE) the commercial property investment volume has climbed back to pre-2005 recession levels and totaled 18.9 billion dollars. Commercial property is proving to be an attractive investment which stimulates the rest of the economy. Office, industrial, and retail property in Canada have all attracted investor interest, with many companies deciding to upgrade to better properties before prices rise any further.
This is fortunate in a time when most countries are still sinking in a worldwide depression. There is a banking crisis caused by the credit default swap swindle evidenced by the problems of European Union economies such as Greece, Ireland, Spain, and Portugal. Bailing banks out of their black hole of debt and sticking it on the taxpayer has been allowing banks to exert undue control over those countries’ infrastructures, resources, economies and governments.
Whether you use the term recession or depression for the state of an economy depends largely on where you’re sitting. The lower classes have less money so inflation means the same amount of money buys less, so the economic pain is far greater than those who still have something left over and are not as devastated by things like unemployment and high interest rates.
March 05 2011 | Keeping The Yield Momentum Of Commercial Property Assets | Comments Off