Market Insights

From RENX.ca – Total commercial real estate investment volume in the Greater Toronto Area was $4.6 billion in Q4 2023, up from $4.1 billion in the previous quarter and $3.8 billion a year earlier.

From RENX.ca – The worst of the commercial real estate downturn appears to be over and, while there are still challenges ahead in the Canadian market, a sense of optimism continues to emerge.

From Storeys – The missing middle typically refers to buildings that have a higher density than a single-family house and a lower density than a mid-rise building. Leading by example, in July 2023, the City allocated a Beaches-East York City-owned site to develop a pilot project to demonstrate missing-middle housing.

From Reuters – Canada’s Sun Life Financial (SLF.TO), opens new tab said on Thursday it sees long-term opportunities to buy assets from the troubled U.S. commercial property sector, despite the value of its own office properties in the region falling 26%.

From RENX.ca – First Capital REIT (FCR-UN-T) says it has agreements to dispose of an additional $116 million of properties, including interests in two Greater Toronto Area development sites, an office building and a Greater Vancouver apartment property.

From Altus Group – In a dynamic and evolving market that faces regular environmental, economic, and political disruption, identifying and addressing cost escalation challenges proactively is crucial to the success of any development project.