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Canada's Multi-Suite Residential and Industrial Real Estate Poised for Continued Strength in 2024: Morguard
Canada's Multi-Suite Residential and Industrial Real Estate Poised for Continued Strength in 2024...
About this update from Morguard Corporation
[{"type":"text","content":"\n \n \n \n Canada's Multi-Suite Residential and Industrial Real Estate Poised for Continued Strength in 2024: 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 Multi-suite residential rental demand will outpace the available supply of units in new and existing properties, resulting in significant imbalance.\n \n \n The industrial leasing market outlook is stable and healthy, with supply remaining constrained, following the record-setting performance of the past several years.\n \n \n \n Canada's\n \n retail property sector recovery continued, supported by stronger-than-expected spending growth and increased foot traffic.\n \n \n As the office leasing market softened, class A rents held up relatively well, due in part to an ongoing flight-to-quality in urban centres across the country.\n \n \n Investors have exercised increased caution with regard to\n \n Canada's\n \n property market while interest rates and inflation remained elevated, resulting in a surplus of available capital\n \n \n \n \n \n MISSISSAUGA, ON\n \n \n ,\n \n \n Nov. 28, 2023\n \n \n /CNW/ - Morguard Corporation (\"Morguard\") (TSX: MRC) today released its\n \n \n 2024 Canadian Economic Outlook and Market Fundamentals Report\n \n \n , offering a detailed analysis of 2023 Canadian real estate market and trends to watch for in 2024. Morguard's 26\n \n th\n \n annual edition stated that\n \n Canada's\n \n economic growth trend will moderate over the near term, with stronger expansion projected for 2025. The positive momentum in the multi-suite residential rental market and the industrial leasing market will continue in the near term in line with the trend of the past few years. The full report with regional insights and video is available at\n \n morguard.com/research\n \n .\n \n \n \"As interest rates and inflation rates gradually decline, there is an anticipation of pent-up investment demand within the property sector,\" said\n \n Keith Reading\n \n , Senior Director, Research at Morguard. \"Multi-suite residential rental properties are expected to be ...