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Canada Cap Rate Report Q3 2017

Canada Cap Rate Report Q3 2017

Canada Cap Rate Report Q3 2017

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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