Investment volume in Canada was essentially flat quarter-over-quarter, but fell more than 50% year-over-year due to the effects of dramatic interest rate hikes.
- Prices declined for apartments, hotels, as well as office and industrial assets from Q3, though volumes rallied for industrial and apartment.
- The market has adjusted to the new borrowing cost environment, after 2022 saw the largest rate increases ever in a calendar year.
- The fundamentals remain strong for Canadian investment, with a growing educated population, strong retail sales, and a robust job market near record low unemployment.
