Canada real estate outlook - Q3 2021

As the Canadian Economy finds its legs, real estate fundamentals strengthen across all asset classes

December 08, 2021
  • Chad Piche
  • Heli Brecailo
  • Shawna Rogowski

As the Canadian economy finds its legs, occupier demand has increased across all asset classes. Looking into 2022, industrial is expected to continue to see record demand while retail and office are expected to see resurgent user demand after almost 2 years of turbulence.

The trends we noticed:

Office market: Vacancy continues to drift upwards but demand for high quality built out space remains high

Industrial market: Vacancy again hits a new historic low and new supply can’t keep up

Retail market: Canada retail fundamentals strengthen entering the holiday season

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