Market Insights

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.

From Altus Group – The Counselors of Real Estate recently ranked the labor shortage as one of the top 10 issues facing the commercial real estate industry

From Altus Group – According to BuildForce Canada’s latest forecast, 245,100 people are expected to retire from construction jobs over the next 10 years (by 2032) – roughly 20% of Canada’s current construction industry workforce.

From Storeys – In a new report, PwC Canada and the Urban Land Institute speak to some of the high-level trends expected to characterize the “complex landscape” of Canadian real estate in the year to come.