Homes and Condo Mississauga

Canadian commercial real estate sees record investments in 2017: CBRE – Article

TORONTO – The Canadian commercial property market once again set a record for investment in 2017 and was one of only four countries in the world to do so, according to a new report from CBRE Ltd.

The report reported that there were more than $ 43.1 billion of investments last year, exceeding $ 34.7 billion in 2016, and CBRE predicts that another record will be established in 2018.

CBRE said strong demand from tenants, coupled with declining vacancy rates that are close to lows in many Canadian markets, will lead to strong rises in rents.

"Investors do not shy away from Canadian commercial real estate," said Tuesday morning, CEO of CBRE Canada, Paul Morassutti.

"We have record low vacancy rates, record low unemployment, increasing institutional allocation to real estate and supportive immigration that stimulates population growth."

CBRE said, however, that the commercial property market in 2018 is at some risk is running, including rising interest rates and the fate of the North American Free Trade Agreement, but it believes that the underlying strength in the market will outweigh these concerns.

The company says that Toronto and Vancouver started in 2018 with the lowest office vacations in the city in North America at 3.7 percent and 5.0 percent respectively and predicts that these percentages will be even lower this year because of the growing demand from tenants and a shortage of new office supply.

CBRE says that growth in tenant demand is expanding to other cities, with downtown office space rates are also planned to fall in London, Ont., The Waterloo Region, Ottawa, Montreal and Halifax.

After fluctuations over the past two years, CBRE predicts that vacancy rates will finally stabilize in Calgary as the recovery in Alberta begins to stall.

"In 2018, Canada is once again at the center of two very strong investment trends," said Morassutti.

"Firstly, our status as a safe haven with a stable rule of law becomes more pronounced as geo-political instability accelerates." Secondly, real estate has arrived as a real fourth power class & # 39; which yields returns in a world in which profits are diminished, and as a result institutional allocations will increase by more than 20 per cent over the next five years. "

(function (d, s, id) {
var js, fjs = d.getElementsByTagName (s) [0];
if (d.getElementById (id) returns);
js = d.createElement (en); = id;
js.src = "";
fjs.parentNode.insertBefore (js, fjs);
} (document, & # 39; script & # 39 ;, & # 39; facebook-jssdk & # 39;));

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: