The MSCI/Real Property Association of Canada (REALPAC) Canadian Property Index fell last year from 2024 and remained well below historical norms. The total return has averaged 1.7 per cent annually over the past four years.
Canadian commercial real estate intelligence provider Altus Group (AIF-T) is selling its Canadian appraisals business to an affiliate of New York-based Newmark Group (NMRK-Q) as Altus continues to pare its business down to its core offerings.
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