Costar News reported that China-based company has agreed to sell 123 Mission Street to another Chinese investor for $255 million in cash, more than 30% higher than it paid for the 28-story office building in late 2013. As interest rates continue to stay low  CAP rates will continue to be compressed.   The San Francisco market is similar to Toronto and Vancouver with the influx of investment funds seeking real estate assets.

Continue to see appreciating real estate prices this year in the GTA.