The Canadian commercial real estate market continues to fluctuate from market to market. Vancouver and Toronto continue to see aggressive price growth and strong competition for well-placed assets. Secondary markets continue to benefit as investors look to these markets to place capital in the back half of 2017. However with a lack of available product, prices remain competitive in these locations as well.
- Vancouver: Despite an increase in interest rates by the Bank of Canada, Vancouver will remain one of the most desirable markets in Canada, tempering any negative impacts from outside.
- Edmonton: Edmonton remains a consistent market with strong, well-placed assets garnering investor attention and is expected to have one of the fastest growing economies in 2017.
- Calgary: Retail and Industrial assets have remained stable in Calgary, while multi-family assets have shown signs of confidence as investors are willing to accept lower yields on new low-rise construction.
- Winnipeg: Demand for good quality investment properties in Winnipeg continues to be strong.
- Toronto: The Toronto investment market looks as though it will continue to have a very strong year heading into the final quarter of 2017, and is on pace to set a new high water mark for both total transactions and dollar volume.
- Ottawa: Transaction volume in Ottawa has increased substantially year to date in Ottawa led by the multi-family market which has seen a number of large transactions between regional and local owners at increasingly low capitalization rates.
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