Calgary Commercial Real Estate’s Double-Digit Returns Best in Canada

Posted on 18 August, 2014 by Jodee Redmond

Calgary had a total return of 11.1 percent for the year ending June 30, according to the REALpac/IPD Canada Quarterly Property Index. This figure was high enough to make it the best in Canada.

Edmonton, at 10.8 percent, and Toronto, at 10.1 percent, both posted good rates of were also leaders in urban areas. The average return across the country was 9.5 percent.


Annual Returns Down from Last Year

Annual returns, which combine income and capital growth, were down from last year’s figures when Calgary experienced a hike of 16.7 percent and Edmonton saw an increase of 15.6 percent. Total returns for the Canadian real estate market came in at 13.3 percent last year.

According to the MSCI Canada Index, over the past year public equities performed with a return of 23.7 percent. Canadian real estate still outperformed bonds, which produced a return of 5.1 percent (J.P. Morgan Government Bond Index seven to 10 years).

Retail Sector Showing Strong Performance

The retail sector is continuing to put up strong number and is outperforming other property types. It had an annual return to the year ended June 2014 of 11.8 percent. The office sector had 7.7 percent and industrial property had an annual return of 8.6 percent over the same period.

The REALpac/IPD Canada Quarterly Property Index measures more than 2,343 institutional grade properties located across Canada. As of June 30, 2014, the properties were valued at $121.3 billion.

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