A newly released study – “Economic Impacts of Commercial Real Estate in Canada” – quantifies the economic impact of commercial real estate investment in Canada, with a specific focus on estimating the impact tied to investment in the country’s largest Census Metropolitan Areas (CMAs), including Vancouver, Calgary, Edmonton, Toronto, Ottawa-Gatineau and Montreal.

New development and ongoing operations of existing commercial real estate buildings in the United States – office, industrial, warehouse and retail – generates significant economic growth at the state and national levels. The combined impact of these property types supported 8.3 million American jobs and contributed $1 trillion to U.S. GDP in 2018.

NAIOP, the Commercial Real Estate Development Association, recently honored 11 NAIOP chapters and eight individuals with the association’s coveted Chapter Merit Awards.

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