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Canada's Multi-Suite Residential and Industrial Real Estate Investment Activity to Remain Elevated in 2023: Morguard
Canada's Multi-Suite Residential and Industrial Real Estate Investment Activity to Remain Elevate...
About this update from Morguard Corporation
[{"type":"text","content":"\n \n \n \n Canada's Multi-Suite Residential and Industrial Real Estate Investment Activity to Remain Elevated in 2023: Morguard\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Interest in the multi-suite residential rental sector will remain elevated in 2023, given healthy demand fundamentals and constrained supply\n \n \n The industrial leasing market outlook remains positive, as supply is constrained and vacancy rests close to the 2022 all-time low in 2023, a trend that will continue into 2023\n \n \n Office property investment activity stabilized in 2022, with investors targeting core urban and suburban property acquisitions\n \n \n \n Canada's\n \n retail property sector will continue to stabilize in 2023, following the leasing market improvement of 2022\n \n \n \n \n \n MISSISSAUGA, ON\n \n \n ,\n \n \n Jan. 10, 2023\n \n \n /CNW/ - Morguard Corporation (\"Morguard\") (TSX: MRC) recently released its\n \n \n 2023 Canadian Economic Outlook and Market Fundamentals Report\n \n \n , offering a detailed analysis of\n \n Canada's\n \n commercial real estate market in 2022 and trends to watch for in 2023. Morguard's 25\n \n th\n \n annual edition stated that\n \n Canada's\n \n multi-suite residential rental sector bounced back strongly from the pandemic downturn. Demand will continue to trend positively in the near term. The full report with regional insights and video is available at\n \n morguard.com/research\n \n .\n \n \n \"Investor confidence will remain strong in the multi-suite residential and industrial segments given the sectors' healthy performance track record during economic downturns,\" said\n \n Keith Reading\n \n , Director, Research at Morguard. \"That said, commercial property performance risk will remain elevated in 2023.\"\n \n \n \n Multi-Suite Residential Real Estate\n \n \n \n Several factors contributed to the increase in demand for purpose-built multi-suite residential rental units in 2022. The primary causes included\n \n Canada's\n \n economic recovery, which boosted employment, as well as the loo...