In­vestor in­ter­est strong

Calgary Herald - Calgary Herald New Condos - - Recreation & Investment Properties - — Kathy McCormick

Com­mer­cial real es­tate in­vest­ment ac­tiv­ity in B.C. dipped for the first half of 2009, but in­vestor in­ter­est re­mains strong, says Avi­son Young’s Mid-Year 2009 Bri­tish Columbia Real Es­tate In­vest­ment Re­view. Just 23 trans­ac­tions were com­pleted in the first half of 2009, rep­re­sent­ing the low­est first-half num­bers in seven years, and to­tal dol­lar vol­ume fell 12 per cent to $643 mil­lion, it says. But the year-end sales vol­ume is on track to meet last year’s level of $1.27 bil­lion.

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