Market Insights
Renewed calls to remove GST from rental housing construction costs in Canada
From Daily Hive – In recent months, there have been a number of renewed calls for the Government of Canada to remove its Goods and Services Tax (GST) on the cost of building secured purpose-built rental housing.
CanFirst breaks ground on spec Mississauga industrial project
From RENX.ca – CanFirst Capital Management has broken ground on a 14.08-acre site in Mississauga where it’s developing, on spec, a 272,379-square-foot industrial building.
Fiera, Berkshire Axis JV on 10th industrial project in GTA
From RENX.ca – Fiera Real Estate and Berkshire Axis Development have completed their 10th partnership deal with the acquisition of 19 acres of industrial land in the Greater Toronto Area (GTA) city of Brampton.
Why does your boss want you back in the office? Sometimes, it’s to prevent a big loss in commercial real estate
From The Toronto Star – At Canadian dinner parties, an inevitable and quintessential game involves betting on how long it takes for someone to mention the cost of real estate, reflecting the country’s housing affordability crisis and the prevalent nature of this topic in heavily populated regions.
Canadian CRE investments trends
From Altus Group – In the second quarter of 2023, Canadian commercial real estate (CRE) investment trends were influenced by rising interest rates and inflation, which prompted investors to exercise caution in their decision-making processes. These economic factors had a significant impact on the overall CRE market, shaping investment strategies and driving a shift in investor behavior.
Lenders Navigate challenges and opportunities in tighter lending environment
From Altus Group – Borrowers and lenders are coming to grips with higher interest rates and tighter liquidity, and that new reality could be painful. With the volatile conditions brought forth by the pandemic still fresh in our minds, the current market environment is encumbered with a lingering sense of uncertainty.