Toronto real estate. REAL ESTATE RETURN IN 2006 - VERY PROFITABLE!

Canadian real estate provided a total return of 18.6 per cent in 2006, close to the record 18.7 per cent set in 2005, according to the annual index.The Canadian Property Index is published annually by U.K.-based Investment Property Databank and the Institute of Canadian Real Estate Investment Managers.

Of the six major markets monitored for the index, Edmonton recorded the highest property return at 35.2 per cent.

The others were: Calgary (30.4 per cent), Vancouver (22.8 per cent), Montreal (18.3 per cent), Toronto (13.1 per cent) and Ottawa (12.6 per cent).

Among real-estate sectors, office properties had the highest return in 2006 at 21.4 per cent.

Other major sectors were: Industrial (18.2 per cent); retail (16.5 per cent); and residential rental (14.9 per cent).

The Canadian Property Index is based on data from pension funds, life insurance companies and real estate managers on more than 2,000 properties with a capital value of about $73-billion.

theglobeandmail.com

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Toronto real estate. REAL ESTATE RETURN IN 2006 - VERY PROFITABLE!

Reviewed by citra
Published : 2007-03-05T14:49:00-08:00
Rating : 4.5