- Canada’s strong fundamentals. Again and again, panelists highlighted our favourable demographic and investment environment compared to many other countries.
- Political risk. To my surprise the discussion wasn’t focused on the Middle East, Taiwan or even Russia, but rather the 2024 election in the United States.
- Money on the sidelines. Everyone from pension plans to private equity to foreign investors emphasized that money is available to invest in Canadian commercial real estate, pending a change in valuation or borrowing costs.
- Obstacles to development. This one appears every year without fail, but the challenges of approvals and entitlement were front and centre in discussions ranging from affordable housing to industrial to conversions to densification.
- Divergent opinions on rates. Economic commentators such as Ben Tal and David Rosenberg predicted rapid rate cuts next year, while investors and lenders prepared for ”higher for longer” rates.
Five Insights from the Real Estate Forums
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Head of Research | Canada
Colliers Canada's head of research, leading a cross-country team of 20 mapping, analytics and research professionals. Formerly head of Canada research at Cushman Wakefield and Director of Analytics at Oxford Properties. Featured in mainstream publications such as the Toronto Star, industry publications and podcasts. Specializing in the big picture and the fundamentals driving real estate - demographics, the macro environment and the global economy.