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Canada Cap Rate Report Q4 2023

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research article

The lack of rate hikes since July has stabilized the market, as the drastic changes of 2022 and early 2023 recede.

  • A decline in borrowing costs in Q4 gave investors some breathing room; the spread between cap rates and borrowing costs widened after narrowing to one percent or less.
  • Appraisers expect flat cap rates in early 2024 for many assets, including hospitality, most of apartment and retail, and about half of office and industrial markets.
  • Development is slowing down for most assets, as borrowing costs, lender hesitancy, and macro-economic concerns weigh on the market.

Canada Cap Rate Report Q4 2023

Télécharger le rapport
Pour plus d’informations, veuillez contacter:

Vicente Gamboa

Associate Vice President

Toronto Downtown

Real estate professional with Toronto office of Colliers International Valuation and Advisory Services. Experience with valuation of wide range of property types including retail, industrial, office properties and large development sites. Work Experience includes appraisal and consulting assignments throughout Canada and Latin America. 

 

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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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