An aerial view above downtown Toronto, the Regent Park neighbourhood. Photo by Shutterstock

Canadians may just find it rude to write down the value of their real estate , a disconnect a Toronto real estate conference this week heard is impacting sales activity.

Australian-born Bryan Reid, executive director of MSCI Inc., a global research company, asked some top Canadian real estate executives why there is so much reluctance here to accept the new economic reality of lowered vacancy and traffic and the impact that is having on the value of assets, a reluctance that in turn is stifling sales activity.

“I was joking, but I do find Canadians very polite,” said Reid, in an interview after moderating a panel at the RealREIT conference tackling the thorny issue of the true value of comm

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