Ottawa real estate investment market expected to hit five-year high

Following the strongest quarter for commercial real estate investments in a decade, local market watchers say they expect 2017 to be a banner year for the industry.

More than $1.6 billion worth of commercial assets have already changed hands this year, including $967.3 million in the third quarter alone, according to CBRE Ottawa, which added that investment levels are poised to reach the highest level in five years.

In 2012, sales reached $2.2 billion.

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