Business
Canadian multi-suite residential and industrial properties continue to attract investors in the first quarter of 2021: Morguard
Canadian multi-suite residential and industrial properties continue to attract investors ...
About this update from Morguard Corporation
[{"type":"text","content":"\n \n \n \n Canadian multi-suite residential and industrial properties continue to attract investors in the first quarter of 2021: 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 properties continue to generate strong bids from investors given the asset class's largely positive medium-to-long term performance forecast\n \n \n Industrial investment demand remains robust resulting in high transaction volume and upward property value pressure\n \n \n Grocery-anchored retail properties remain attractive to investors despite in-person shopping restrictions in the first quarter\n \n \n Questions surrounding returning to the office continue to moderate activity in the office segment as investors wait for the eventual economic reopening\n \n \n \n \n MISSISSAUGA, ON\n \n ,\n \n May 26, 2021\n \n /CNW/ - Canadian commercial property investment market conditions stabilized during the first quarter, according to Morguard's 2021 Canadian Economic Outlook and Market Fundamentals First Quarter Update (\"Morguard\") (TSX: MRC). An increased volume of COVID-19 vaccinations reported across the nation boosted investor confidence as part of a more optimistic economic outlook despite further uncertainty triggered by a third wave of the pandemic. Low-risk industrial and multi-suite residential rental properties recorded stable-to-high transaction activity, reflecting increased confidence from the investment community. A more cautious approach was taken by investors with regard to potential office and non-essential retail property asset acquisitions.\n \n \n \"Defensive assets, such as multi-suite residential rental and industrial, garnered strong bidding due to their relatively stable and positive fundamental outlooks,\" said\n \n Keith Reading\n \n , Director, Research at Morguard. \"The positive impacts of the vaccine rollout and government transfers to Canadian businesses and households are expected to boost both economic and investment market performance in the second half of 2021 as the outlook for the ...