Investment in Canadian commercial real estate, including office towers, shopping centers and industrial properties,
fell 24% in the first half of 2008, according to a recent CBRE Canada
report.
Commercial investment dropped 17% in Toronto, Canada's largest
market, to $3.7 billion. Last year was a record-setter, with $4.5 billion in sales last year.
By contrast, commercial
real estate investment in the US has fallen by as much as 60% this year according to RCA.