Market Insights

From Altus Group – Across Canada, we are seeing rapid reductions (potentially up to 5%) in both high and low-rise residential construction costs, with much larger reductions anticipated in Toronto, followed by Montreal and Vancouver.

From Altus Group – The increase in cap rates is reflective of fewer transactions in Canada, which dropped by almost 50% compared to 2022.

From Storeys – With new provincially-passed legislation as a driving force behind it, these neighbourhoods are in store for a drastic transformation in the not-too-distant future.

From RENX.ca – Property taxes are among the largest operating expenses for commercial property owners. In today’s high interest rate and inflationary environment, proactive strategies are required to minimize, and not merely manage, this cost.

From Financial Post – Bruce Flatt has his eye on ways for Brookfield Asset Management Ltd. to scoop up premium properties that other owners loaded with too much debt.

From Altus Group – Altus Group is forecasting flat economic growth in 2024, with momentum expected to pick up in the latter half of the year.