Commercial Real Estate Debt Is Back With 170% Jump in Sales
Commercial real estate was one of the scariest assets in the US last year. This year, investors are warming to it once again — and that’s helped revive a key property debt market.
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Commercial real estate was one of the scariest assets in the US last year. This year, investors are warming to it once again — and that’s helped revive a key property debt market.
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Sep 8, 2016
The Canadian Press
OTTAWA -- Statistics Canada says municipalities issued building permits worth $6.5 billion in July, up 0.8 per cent from June.
The agency says the rise was due to increased plans for institutional and industrial buildings as gains in the non-residential sector offset a drop in residential permits.
The non-residential sector climbed 5.6 per cent to $2.4 billion.
The value of permits for institutional buildings rose 9.6 per cent to $740 million, while the value of permits for industrial buildings gained 17.1 per cent to $418 million. The value of commercial building permits rose 0.3 per cent to $1.3 billion.
Meanwhile, the value of residential building permits was down 2.0 per cent to $4.0 billion in July, the fourth consecutive monthly decrease.
The value of permits for single-family buildings fell 3.0 per cent to $2.4 billion, while plans for multi-family buildings slipped 0.4 per cent to $1.7 billion.