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Canadian funds make big buys in Manhattan
Published Wed, Sep 30, 2015 · 09:50 PM
Toronto
CANADIANS are invading Manhattan.
The country's largest real estate investors have bought a record US$3.85 billion in property this year in the New York city borough and spent more than any other foreign country in the last decade, according to data from Real Capital Analytics.
The purchases by Canadian investors such as pension funds, insurers and asset managers are double the US$1.97 billio…
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