A recent report released earlier this summer places Calgary at the top of the list globally when it comes to the best returns on real estate investment. The 2012 IPD Global Cities Index that compares property ROI of 60 international cities, revealed that Calgary's returns jumped up in 2012 to reach a whooping 21.6%, compared to 8.7% in 2010!
The report, published at a real estate conference in Paris, says that what mostly benefited the city was the energy-driven economic boom in Alberta that led to a the high increase in the office space occupancy in the downtown area; about to reach it's near full capacity by the end of 2012.
In addition to Calgary, the list also includes Vancouver, Montreal and Toronto, ranked in the 8th, 9th and 10th places, respectively. San Diego, Portland, and Seattle secured their presence on the list as well, as they did very well globally on returns on property investments.
The report covers four major property types: retail, office, apartment and industrial.
Source: Troy Media
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