Featured Research
Featured Research
Mar 7, 2024
National Investment Report Year End 2023
The investment market subsided in 2023 after an unprecedented run in the low-rate environment of 2021 and 2022. Continued Bank of Canada rate increases in 2023 weighed on the market, along with uncertainty about key assets such as downtown office and the land/development market. While dollar volume and number of sales declined significantly from the peak of 2022, both remain at pre-pandemic levels. The new investment market has shifted in three areas: the buyer profile, the asset classes preferred by investors, and the geographic distribution of sales. Pension plans and life insurance companies have seen their active participation in market transactions decline and are often looking to rebalance their portfolios out of real estate and/or away from Canada. Industrial and logistics continues to be the biggest component of the investment market, with both private equity and foreign buyers actively pursuing opportunities as they come available. Investment volume held up better in industrial-heavy markets such as Quebec and Ontario, whereas markets dependent on development and land, such as Vancouver, saw significantly lower transaction and dollar volume activity.
Read More
Jan 10, 2024
National Market Snapshot Q4 2023.
As 2023 concludes, office vacancies are generally still on the rise for many markets, although not to the same rate throughout 2021 and 2022.
Read More
Sep 28, 2023
National Market Snapshot Q3 2023
After many quarters of defying expectations of a recession, Canada’s job market has weakened noticeably over the quarter. While unemployment at 5.5% remains well below the long-term average, job losses have been concentrated in areas tied to commercial real estate, with construction being the number one source of job losses followed by major office tenants within the government and technology sectors.
Read More
How can I help you?
An unexpected error has occurred. Please try again.
Your request has been submitted.
Someone will contact you shortly.