Off the heels of the highest Q.1 volume in Canadian history, the second quarter saw strong sales activity with total year-to-date June transaction volume of $2.14 billion; nearly triple the activity seen in the first half of 2016.
- Asian capital remains a prominent theme in the market with foreign buyers investing more than $1.2 billion into Canadian lodging real estate.
- Strategic transactions continue to drive material growth in the market, namely the sale of the bcIMC/Silverbirch portfolio and the former Trump International Hotel & Tower in Toronto.
- Average price per room reached $160,000, pacing 60% ahead of the same period in 2016.
- Transaction activity in Western Canada remained muted with limited investment opportunities coming to market as owners employed a hold strategy amidst fluctuating energy markets.
( PDF Document 671 KB )