Market Insights
Commercial property valuation: Coping with an uncertain market
From Altus Group – The current state of US commercial real estate valuation might be summed up in a single word: uncertain.
Nordstorm and Nordstrom Rack to Exit Canada and Shut All Stores
From Retail-Insider.com – Seattle-based Nordstrom announced on Thursday that it will be exiting it’s Canadian operations, including shutting its six full-priced Nordstrom stores as well as its seven off-price Nordstrom Rack locations and Nordstrom.ca.
Canada’s New Foreign Buyer Ban May Alter Toronto’s Commercial Real Estate
From Costar – In 2022, the federal government announced the Prohibition on the Purchase of Residential Property by Non-Canadians Act, which imposes a two-year ban on the purchase of residential property by a non-Canadian starting this year.
Toronto commercial real estate market update Q4 2022
From Altus Group – GTA market has a robust 2022 with investment total of $30 billion despite a slowed second half.
Toronto’s flex workspace demand rose rapidly in 2022
From Renx.ca – Author Steve McLean – Flexible workspace demand in Toronto rose 27 per cent in 2022, while work station rates, occupancy and supply were all also up, according to a new analysis from global workspace innovation firm The Instant Group.
GTA Condo Rentals Priced 50% Higher Than Purpose-Built Units in 2022
From Storeys Real Estate News – Condominium vacancy in the Greater Toronto Area (GTA) slipped to 1.1% in 2022, according to a report released Thursday by the Canada Mortgage and Housing Corporation (CMHC).