Calgary’s commercial market sees surge for $1m + and investment in apartments
The third quarter saw an overall drop in commercial real estate investment in Calgary but an increase in the top end. A new report from RealNet Canada says that $722 million was invested in Q3 2014 down 13 per cent on the previous quarter. Transactions over $1 million increased 48 per cent though. Retail deals outpaced offices and hotels while investment in apartments grew 248 per cent.