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North America Market Snapshot Q3 2021

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By Lucas Atkins & Emeka Mayes

Investment activity is roaring back to life in Canada. With an impressive CAD$10.1 billion in sales volume, Q3 delivered one of the strongest totals on record. However, unlike past CAD$10 billion-plus sales quarters, volume wasn’t driven by entity-level deals or massive portfolios.

Key Canadian Takeaways:

  • Multifamily was the top investment target in Q3, racking up nearly CAD$3.5 billion in sales.
  • Third quarter office sales accelerated on the back of one major transaction: The Bow in Calgary, Alberta.
  • Investors’ insatiable demand for industrial product continued in Q3, with sales volumes hitting CAD$3.2 billion.
  • While retail transactions remain heavily driven by grocery-anchored properties, unanchored centres are beginning to trade more frequently.
  • Investor sentiment for the lodging asset class continues to improve, as transaction volume for Q3 reached nearly CAD$1.1 billion.


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North America Market Snapshot Q3 2021

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For More Information, Please Contact:
Lucas Atkins | Colliers | Toronto Downtown

Lucas Atkins

President, Capital Markets | Canada

Toronto Downtown

+1 416 643 3424
Email

Lucas brings nearly 20 years of experience in real estate, including investment banking, private equity, business development, mergers and acquisitions, development and equity and debt capital raising to Colliers. Over the course of his career, he has been involved in over $30 billion of real estate transactions across a variety of real estate asset classes and has assisted in raising over $25 billion in public, private and joint venture capital, and cross border financing activities.

His expertise in commercial real estate and strong relationships established over many years reinforces Colliers' industry-leading position in Canada. 

Working across business lines and borders, Lucas drives the strategic vision of Colliers’ Capital Markets.
 

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Emeka Mayes | Colliers | Toronto Downtown

Emeka Mayes

Partner, Head of Capital Markets Brokerage

Toronto Downtown

+1 514 764 2822
Email

Emeka Mayes joined Colliers in September 2021 as Partner Head of Capital Markets, Brokerage with over 20 years of experience in the commercial real estate industry.

Before joining Colliers, Emeka worked for more than 10 years at a leading REIT as Vice President, Investments, where she was responsible for sourcing, negotiating, and closing all acquisitions, dispositions, and joint venture relationships. Emeka has also worked in the United States with one of the largest mortgage banking firms in the US. Emeka holds a Master of Arts degree in Psychology and a minor in Business Administration from the University of California, Berkeley. 

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