Even though it was a bit unexpected for some, it’s official, the Canadian office leasing market has started showing signs of recovery. Further even retail is remaining stable and positive, and this holds true also for industrial and multi-suite residential.
All this good news is attracting more investors to invest in Canadian commercial real estate. Furthermore, the increase in domestic demand and with over 60% of Canada’s population fully vaccinated, investors are now even more confident to increase their investments in Canada’s commercial real estate. The second half of 2021 is expected to remain positive with a further boost in investors confidence.
It seems that Canada is slowly going back to normal. Investors realize this, and that’s why they are grabbing the opportunity to invest in retail commercial real estate and be prepared. With the current trends, we only expect that the market improves, especially when restrictions are reduced.