Entries by macommercial

Commercial sector to become more valuable after COVID-19 – CBRE

Acquisition of expansive properties has fallen to the wayside, but commercial real estate is poised to become an even more desirable choice for investment after the coronavirus pandemic, according to CBRE. This will be particularly apparent in Toronto, CBRE’s recently released “Q1 2020 Canadian Cap Rates & Investment Insights” document reported. “With internal operational issues consuming […]

Quebec authorizes resumption of residential construction

Quebec’s government has included residential construction to the list of its priority services, and has allowed projects to continue starting April 20. In an April 13 news release, the government stated that this permit to continue building residential units applies to homes scheduled for delivery no later than July 31. “This announcement applies to construction […]

CBRE predicts record $50 billion investment for commercial real estate this year

TORONTO – Canada could see a record-breaking $50-billion worth of investment in commercial real estate this year as economic tailwinds and immigration policies support the booming sector, according to a report by CBRE, but it says the strong economy is also creating challenges of affordability and supply. The commercial real estate services firm said Tuesday […]

Dueling multifamily proposals offered for Montreal’s Canada Malting site

The fate of the long-defunct Canada Malting facility along the Lachine Canal in the Saint-Henri section of Montreal is the subject of rival proposals for multifamily housing, one from a real estate development firm seeking a traditional condominium complex and the second from an advocacy group proposing a community-based project. The Canada Malting site was […]

Former niche CRE investment is now big business

Commercial real estate is frequently influenced by changes in the wider business world and one big change is driving interest in a formerly niche asset class. Data centres are now a cornerstone of business and $100 billion has flowed into the asset class in the last decade according to a new report from Cushman & Wakefield. These […]

The Top 5 Commercial Real Estate Trends of 2019 – CBRE

It’s safe to say that 2019 marked the end of an unprecedented decade for Canadian commercial real estate. Backed by strong fundamentals, transaction volumes reached a 15-year high of $49.3 billion in 2018, as cap rates compressed to 10-year lows. While most property types have performed well, industrial has exceeded all expectations, as e-commerce demand […]

Canadian CRE set to perform well overall in 2020

This year should be a good one for Canada’s commercial real estate sector with overall strong performance. The 2020 Commercial Real Estate Sentiment Survey from Devencore and Transwestern Commercial Services surveyed brokers and analysts across 43 North American offices to gain insights for the Canadian and US markets in 2020. South of the border, there […]

BC commercial activity remained stable in the third quarter

Provincial economic conditions in British Columbia continued to slow in the third quarter of 2019 with weakness in some sectors. But the overall picture for commercial real estate was stable despite a slight drop in the Commercial Leading Indicator (CLI) from the British Columbia Real Estate Association. The index slipped to 135.3, the same level […]

CBRE: Lenders are feeling optimistic ahead of 2020

A survey of lenders has revealed strong sentiment for commercial real estate lending as the new year approaches. CBRE’s Canadian Real Estate Lenders’ Report found that most respondents plan to maintain or increase allocations to real estate lending in 2020. The past three years has seen near-record investment in Canadian CRE and this is boosting […]