Data from CBRE indicates that commercial real estate investment volume

 

Data from CBRE indicates that commercial real estate investment volume in Canada grew 32.2% QoQ to $14.7B in the first quarter of this year.  However, this is still 26.8% below last year's figures.  The rise in investment volume was powered by $9B in single asset and portfolio transactions and $5.7B for the Summit Industrial Income REIT M&A transaction by Singapore's GIC and Dream Industrial REIT.  Apart from M&A activity, investment volume declined for the fifth straight quarter and saw a 10.5% QoQ decrease.  The total number of transactions plunged for the forth consecutive month by 45.2% YoY to 1,476.  Industrial was the most active asset class, followed by ICI Land, multifamily, and retail.