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Research

Report

Canada Industrial Outlook - Q1 2016


Despite slow economic growth, the vast majority Canada's industrial markets are performing well, evidenced by relatively low vacancy rates. Slow growth has not impacted manufacturing either, as the industry benefits from the weak Canadian dollar, which dropped as low as 68 cents relative to the U.S. dollar in the past year. ​

All markets experienced positive net absorption during the first quarter of 2016, with the exception of the Greater Edmonton Area, which continues to grapple with the impacts of low oil prices. Similar to the U.S., occupiers want modern and efficient space. The Greater Toronto Area (GTA), which is the third largest industrial market in North America, led Canadian markets in active construction activity with 7.0 million square feet. Metro Vancouver had the second highest total with 5.0 million square feet, followed by Calgary, Montreal and Edmonton. 

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