Market Insights
Will the Bank of Canada’s last interest rate announcement of 2024 have an impact on Canadian CRE?
From Altus Group – Today’s 50 basis points (bps) reduction to interest rates signals that, despite a small uptick in CPI to 2.0% in October, the Bank of Canada (BoC) remains worried about the health of the Canadian economy.
Back-to-work plans could revive downtowns, but the rebuild or rethink question remains
From Financial Post – Governments across the country are forcing workers back to the office, but that alone won’t revitalize the downtowns of major cities in Canada, say industry experts.
A more promising year ahead for Canadian CRE, but patience is still required
From Altus Group – Altus market experts, Ray Wong and Peter Norman, recently shared their current assessment of the Canadian economy and how it could impact CRE and the housing market as we move into 2025.
Canadian property taxes and the overburden put on commercial properties
From Altus Group – Altus Group’s Canadian Property Tax Benchmark Report examines the commercial property tax landscape in 2024 in eleven major cities across Canada.
Is the wellness boom reshaping global commercial real estate?
From Altus Group – From fitness-focused offices to health-centric mixed-use spaces designed for modern lifestyles, the wellness boom is reshaping global commercial real estate.
After five years of commercial real estate horror, here are nine reasons for hope
From Toronto Star – Commercial real estate has been buffeted by many headwinds in the past few years, writes Adam Jacobs, but lower inflation and borrowing costs are just two of the reasons for hope in the sector.