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Investor Confidence to Drive Robust Investment Sales Activity in Canada's Commercial Real Estate Sector in 2019: Morguard
Investor Confidence to Drive Robust Investment Sales Activity in Canada's Commercial Real ...
About this update from Morguard Corporation
[{"type":"text","content":"\n\n\n\nInvestor Confidence to Drive Robust Investment Sales Activity in Canada's Commercial Real Estate Sector in 2019: Morguard\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, Nov. 22, 2018\n\n\n\nReal Estate Investment Trends to Watch in Canada in 2019\n MISSISSAUGA, ON, Nov. 22, 2018 /CNW/ - Today, Morguard Corporation (\"Morguard\") (TSX: MRC) released its 2019 Canadian Economic Outlook and Market Fundamentals Report. The report, Morguard's 21st annual edition, states that activity levels and consumer appetite for quality Canadian real estate assets steadily increased in 2018, with strong indications for a positive outlook for 2019.\nThe full report, with regional insights and video, is available on Morguard's website at morguard.com/research.\n\"Canadian commercial real estate has proven to be an attractive asset class for various investment groups recently, a trend that will continue into 2019,\" said Keith Reading, Director of Research, Morguard. \"Over the past 18 months, investors placed capital into the market with confidence, resulting in record-high sales volume. The market shows no signs of slowing, as investors continue to show interest in core and core-plus quality properties with strong tenant profiles in Canada's major urban centres – while site intensification and repositioning opportunities continue to shape the Canadian real estate landscape.\" \nThe multi-suite residential asset class posted a record-high flow of capital in 2018, a trend that is expected to carry over into 2019. The national vacancy rate is expected to hold at or near the cycle low, resulting in modest upward pressure on monthly rent averages. Demographic shifts, housing conditions and migration patterns will continue to boost rental demand, while low levels of new construction activity will provide little relief from the shortage of vacant units available for prospective renters. Healthy fundamentals will make the multi-suite residential asset class very attractive for investors in 2019.\nFor the offic...