Market Insights
Market uncertainty spurs debt funds and other CRE lenders to prioritize collateral value updates
From Altus Group – Post-pandemic, some of the worst-impacted segments of the commercial real estate (CRE) sector, such as lodging and retail, have been slowly recuperating.
Canadian CRE investment trends Q1 2023
From Altus Group – With interest rates expected to remain flat for the remainder of 2023, investors remain cautious.
Headwinds for Canadian real estate, but probably no storm-force warnings ahead
From Altus Group – The Canadian economy is still feeling the impact of higher-than-welcome inflation, and the corresponding spike in interest rates, but any coming recession will probably be mild.
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.