Investor Confidence and Stable Growth Persist in the Multi-suite Residential Market in Q3 2024: Morguard

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[{"type":"text","content":"\n\n\n\n Investor Confidence and Stable Growth Persist in the Multi-suite Residential Market in Q3 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 Investors remain confident in the multi-suite residential rental sector, a sentiment that was supported by attractive yields and a solid performance outlook.\n \n\n Industrial property investment sales activity slowed due in part to shortage of available properties.\n \n\n Office tenants exhibited a preference for limited-term subleases that were already improved and ready for immediate occupancy.\n \n\n The Canadian economy is expected to gradually strengthen by next year, supported by the continued interest rate cut cycle.\n \n\n\n\n\n MISSISSAUGA, ON\n \n\n ,\n \n\n Nov. 19, 2024\n \n\n /CNW/ - Sales of Canadian multi-suite residential rental properties surged during the third quarter thanks in part an increase in availability, according to Morguard's 2024 Economic Outlook and Market Fundamentals Third Quarter Update (\"Morguard\") (TSX: MRC).\n \n\n \"The multi-suite residential rental sector remains popular with a range of investment groups seeking attractive yields and stable and rising income streams,\" said\n \n Angela Sahi\n \n , President and Chief Operating Officer of Morguard. \"While some buyers are waiting for borrowing costs to decline further, the continued easing of inflation and future rate cuts have created a solid foundation for\n \n Canada's\n \n real estate market to strengthen starting next year.\"\n \n\n Economic output slightly exceeded expectations during the third quarter. In line with third-quarter trends, the Canadian economy is expected to expand modestly as the impact of elevated inflation and interest rates recede.\n \n\n \"The Bank of\n \n Canada's\n \n rate cuts will be crucial to the real estate sector's overall resilience, helping to drive the economic recovery from the effects of monetary tightening,\" said\n \n Keith Reading\n \n , Senior Director, Research at Morguard. \"As the real estate market regains momentum, investor activity wi...

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