- Solid fundamentals will continue to characterize Canada's real estate market despite a turbulent backdrop of uncertainty in international economies and financial markets
- Property values will continue to range at the cycle peak supported by robust investment demand, low interest rates, and historically low long-term bond yields
- Income performance strength will remain a fixture over the near term as rental markets in all sectors post strong occupancy characteristics, positive demand trends, and modest increases in rental rates
- Robust purchasing activity in the investment sector will continue to feature a significant REIT sector component, however pension funds and private capital will remain active
- Conservative construction volume in the office and industrial sectors over 2013 will ensure rental market conditions improve however, as 2013 ends risk levels will rise with the increase in office development in Vancouver, Toronto and Calgary
- The arrival of U.S. retailer Target will continue to impact the retail sector, as the discounting sector adjusts to new competition. The broader retail sector will also govern itself in light of technological and overall shopping behavior changes.
- The multi-family residential real estate sector will be the market's most stable sector, with occupancy ranging at or above the 98.0% mark nationally in 2013, given healthy demand supported by demographic trends
Canadian Commercial Real Estate Market Performs Despite Turbulent International Backdrop
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