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Monday, February 14, 2011

Canada commercial property deals rebounded in 2010

Rising investor confidence and a strengthening economy spurred a 48 percent increase in sales of Canadian commercial real estate last year, CB Richard Ellis said in a report on Monday. The report said Canadian commercial real estate transaction volumes rose to C$18.9 billion ($19.1 billion) from C$12.7 billion in 2009, with nearly all regional markets posting an increase. "It was really a coast-to-coast recovery," said John O'Bryan, vice-chairman of CB Richard Ellis.

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