Canada Real Estate Outlook – Q2 2022

Reopening momentum and positive terms of trade support real estate performance through H1 2022, despite persisting economic uncertainty

August 10, 2022
  • Shawna Rogowski
  • Heli Brecailo
  • Chad Piche

Both industrial and retail are expected to remain resilient to softening economic conditions as the year wears on. Office, however, is expected to experience a delayed recovery from COVID induced occupancy losses.

The trends we noticed:

Office market: Economic uncertainty causes many tenants to hit pause on office expansion plans

Industrial market: While economic uncertainty gathers, the industrial market remains resilient

Retail market: Retail in-store interest remains high

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