Canadian real estate returns remain strong



    TORONTO, Feb. 19 /CNW/ - IPD, the world-leader in commercial real estate
performance analysis services, today released the 2007 results for the
ICREIM / IPD Canadian Annual Property Index. The Index saw a total return for
2007 of 16.1%, down from the 18.4% seen in 2006. However, property still
outperformed equities and bonds, which returned 10.5% and 4.7% respectively.
    Of the major sectors, offices was the top performer with a total return
of 18.9% followed by residential at 17.9%. Industrial and retail both lagged
behind with respective returns of 14.3% and 13.6%. Residential (rental) was
the only sector to see an improvement on 2006 returns.
    Edmonton produced by far the highest returns of the major markets in
2007, although its return of 31.2% was marginally down on 2006. Toronto and
Ottawa both saw an increase in returns to 14.3% and 13.4% respectively, though
they both still lagged Vancouver (20.7%) and Calgary (20.4%). Returns in
Montreal dropped from 18.2% in 2006 to 12.7% in 2007.
    "For the third year in a row, the West outperformed the East," said Doug
Rowlands, Global Account Manager at IPD (investment Property Databank).
"Exceptional capital value growth was the key factor in this out performance."
    Additional results will be presented at the 2008 launch to be held in
Toronto March 5th. (Contact Patricia Arsenault,
patricia.arsenault@altusgroup.com for details).

    Notes to editors:

    IPD is a global information business, dedicated to the objective
measurement of commercial real estate performance. As the world's number one
provider of real estate performance analysis for funds, investors, managers
and occupiers, we offer a full range of services including research,
reporting, benchmarking, conferences and indices. We operate in over 20
countries including most of Europe, the US, Canada, Australia, New Zealand and
Japan. Our indices are the basis for the developing commercial property
derivatives market, and the most authoritative measures of real estate returns
worldwide. For further information visit www.ipd.com.
    The ICREIM / IPD Canadian Annual Property Index, one of the 21 component
country indices of the IPD Global Property Index, measures the returns to
directly held standing property investments from one open market valuation to
the next. Additional indices are calculated covering the major sectors of the
Canadian property market.





For further information:

For further information: Douglas Rowlands, Global Account Manager,
Canada, +44 (0)20 7336 9248, douglas.rowlands@ipd.com; Patricia Arsenault,
Senior Director, Altus Group (IPD Canadian affiliate), (416) 699-5645 x 1302,
patricia.arsenault@altusgroup.com; Lico Neethling, Press Relations, +44 (0)20
7336 9218, lico.neethling@ipd.com

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INVESTMENT PROPERTY DATABANK (IPD)

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