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Thursday, January 27, 2011

Mortgage deal revives stalled market

Canada’s moribund commercial mortgage-backed securities market is awakening from a three-year slumber.
Two major real estate companies are tapping the market for $206-million in the first deal of its kind since 2007, signalling that investors are returning to a sector they had abandoned over worries about the health of the country’s commercial real estate market.

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