With the conclusion of 2019, the majority of market sectors across Canada were fairly consistent across the board. Vancouver had a quiet fourth quarter, compared to come of the blockbuster deals seen in the first and second quarters of 2019. All told 2019 has been a shadow of the years that 2017 and 2018 were. In Calgary, there was an uptick in activity, with some high-valued transactions despite the continued economic woes and a struggling Oil & Gas sector. In Toronto, looking ahead to 2020, pricing is expected to remain strong for all asset classes as investor capital will aggressively pursue assets throughout the GTA. This will be supported by strengthening fundamentals along with the continued low interest rate environment for the foreseeable future.
Read more in our Cap Rate Report to see the varying levels of activity across Canada.