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Canadian Commercial Investment Property Market Continues to Attract Healthy Demand as Global Economy Heats Up
Canadian Commercial Investment Property Market Continues to Attract Healthy Demand as Glob...
About this update from Morguard Corporation
[{"type":"text","content":"\n\n\n\nCanadian Commercial Investment Property Market Continues to Attract Healthy Demand as Global Economy Heats Up\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nMISSISSAUGA, ON, Aug. 1, 2017\n\n\n\nOutlook remains strong and stable despite recent policy changes\n\nCanadian Economic Outlook & Market FundamentalsSecond Quarter Update 2017\n\n\n\nMISSISSAUGA, ON, Aug. 1, 2017 /CNW/ - Despite the strengthening economy driving a rise in interest rates and less accommodative monetary policy, investors in Canadian commercial real estate can expect more of the same strong performance, according to a new report issued by Morguard Corporation (\"Morguard\") (TSX: MRC).\n\n\"After a second consecutive quarter of stronger than expected economic output, projected growth for 2017 has now surpassed 2016 levels, with signs pointing to an early winding down of global monetary stimulus,\" said Keith Reading, Director of Research at Morguard. \"Despite a perceived eagerness to raise interest rates, particularly in the United States, low inflation pressure should continue to act as a buffer against rapid monetary policy change in the near term.\"\n\nIn Canada, early estimates indicate that commercial real estate investment remained brisk during the second quarter despite the spectre of rising interest rates. The office sector is expected to lead the way with $2.0 billion in closing volume, with the retail and industrial asset classes registering more than $1.0 billion each. \n\n\"Demand for Canadian commercial real estate continues to outpace supply as Canada remains an attractive, stable option for investment,\" said Reading. \"While we anticipate that interest rates will continue to rise, the change will occur gradually and at levels that remain palatable for investors. There will be little variation in the strength of the Canadian property market in the near term.\"\n\nThe leasing sector also exhibited progress in the second quarter. Nationwide office vacancy rates remained low, powered by record-low vacancy in the Toronto...