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Greater Montreal

Drop in valuations results in $499M Q4 net loss for Allied

Steve McLean Commercial REITs Toronto / GTA Feb. 5 2024

Allied Properties REIT (AP-UN-T) suffered a $499.34-million net loss in its fourth quarter ended Dec. 31, in large part due to a $425-million decline in rental property valuations in Toronto, Montreal, Calgary and Vancouver.

Canada's CRE transactions fell to $50.8B in 2023: Here are the Top-15

Danny Kucharsky Commercial Transactions National Jan. 26 2024

Overall investment in Canada was down by 35 per cent in 2023 versus 2022, according to data from Altus Group, the most significant percentage drop since the first year of the pandemic.

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 P.O. Box 1484, Stn. B
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