The first half of 2018 registered just over $800 million in lodging transactions nationally, pacing 10% below comparable levels in 2017 when excluding strategic and M&A transactions. Despite a decrease in sizable investment sales in major markets which impacted overall volume, the first half saw a strengthening of volume in Western Canada and overall fluid trading in secondary and tertiary markets across the country.
- Domestic capital comprised nearly all of investment volume in the first half; a trend that is expected to continue throughout the remainder of the year.
- Quebec overtook Ontario as the top province for investment volume with the sale of several full-service properties.
- Nearly 40% of transaction volume was located in secondary and tertiary markets.
- Colliers estimates full-year 2018 volume should range from $2.0 to $2.5 billion.