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Q4 Volume Increases Slightly YoY

Q4 Capital Markets Summary Hero
Colliers Research will be providing quarterly summaries of the investment market as part of our regular communications. I hope you find these useful, and please reach out with any questions.

There’s been a lot of discussion about the stalled or frozen investment market. Obviously, the higher rate environment, and the challenges of commercial lending are slowing transaction volume. But the data is telling us a somewhat different story. Yes, volume is down from the all time record highs of early 2022. But Q4 actually posted a year-over-year increase in sales volume (+3.2%).

The gains were concentrated in hotels (a smaller and more volatile asset class) and retail. Continued acquisitions by Primaris have buoyed the retail investment market over the past year, as institutions have sold to this retail-only REIT.

Industrial remains a darling of the investment market, followed by apartments. ”Beds and sheds” continue to attract investors capitalizing on strong rent growth, buoyed by Canada’s rapidly growing population. Lenders are more open to development projects in apartment and industrial, compared to the challenges of financing land and office.

Q4 Capital Markets Summary

Q4 had a number of significant deals, including:

  • Halifax Shopping Centre ($271M) – Retail, Nova Scotia
  • Vaughan Mills (undisclosed) – Retail, GTA
  • Brampton Business Park ($701M) – Industrial, GTA
  • Vaughan Industrial Park ($549M) – Industrial, GTA

Summary

National volume increased year-over-year in Q4, driven by gains in the hospitality and retail asset classes

Note: data is sourced from Real Capital Analytics.


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Pour plus d’informations, veuillez contacter:

Adam Jacobs

Head of Research | Canada

Toronto Downtown

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. 

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