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Research

Canada Cap Rate Report Q1 2017

Canada Cap Rate Report Q1 2017

Canada Cap Rate Report Q1 2017

The outlook for the Canadian real estate market varies throughout the country. Markets such as Vancouver and Toronto have experienced continued development and aggressive price growth. Secondary markets also benefited as investors looked to these markets to place capital. But with a lack of available product, prices remain competitive in these locations as well.

  • Vancouver: The Vancouver market thrived during the first quarter of 2017 in all property sectors, signaling a very competitive market.
  • Edmonton: As the first quarter of 2017 came to a close, Edmonton demonstrated strong job growth as the city continued its recovery from the hard-hitting crash that had resulted from a significant drop in oil prices.
  • Calgary: The Calgary real estate investment market, for the most part, remained stable throughout the first quarter of 2017 as investors continued to watch the oil and gas sector for signs of recovery and stability.
  • Winnipeg: The biggest change in the past year has been the growth in demand for retail properties. This has driven down cap rates over the past 12 months, with further downward pressure on retail cap rates likely in the near future.
  • Toronto: The first quarter of 2017 witnessed strong investor demand across multiple asset classes throughout the Greater Toronto Area (GTA). Several landmark transactions concluded at comparatively low cap rates.
  • Ottawa: After a strong close to 2016, the Ottawa market is poised to be very active through 2017 as first quarter activity has significantly exceeded that of previous years.

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