Market Insights
The worst may be over for rising construction costs, but there is still upward pressure
From Altus Group – No part of the global construction industry has been spared the hard economic knocks of the last few years, with inflation especially driving up the cost of construction inputs and squeezing margins worldwide.
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.