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Multi-suite residential and industrial real estate remained resilient and attractive to investors during Q3 2020: Morguard
Multi-suite residential and industrial real estate remained resilient and attractive to i...
About this update from Morguard Corporation
[{"type":"text","content":"\n \n \n \n Multi-suite residential and industrial real estate remained resilient and attractive to investors during Q3 2020: 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 MISSISSAUGA, ON, Nov. 18, 2020\n \n \n \n \n \n Canadian job market continued to strengthen in Q3 after historic losses resulting from COVID-19's first wave\n \n \n Assets with financially stable tenants on longer-term leases to continue to attract investors in the remainder of 2020\n \n \n Consumer and investor confidence expected to return at some point during 2021 assuming some form of resolution of the pandemic and a subsequent improvement in the economic outlook\n \n \n \n \n Morguard Canadian Economic Outlook & Market Fundamentals\n \n \n \n Third Quarter Update 2020\n \n \n \n \n MISSISSAUGA, ON\n \n ,\n \n Nov. 18, 2020\n \n /CNW/ - During the third quarter of 2020, the multi-suite residential and industrial sectors of\n \n Canada's\n \n commercial real estate remained resilient despite the economic slowdown resulting from the pandemic. Meanwhile, the office and retail segments witnessed increased vacancy levels in most Canadian cities as restrictions in response to a second wave of COVID-19 kept Canadians working and shopping from home, according to the latest Canadian Economic Outlook and Market Fundamentals Report issued by Morguard Corporation (\"Morguard\") (TSX: MRC).\n \n \n \"The steady performance of multi-suite residential and industrial assets during the pandemic continued to attract investors during the third quarter of 2020,\" said\n \n Keith Reading\n \n , Director, Research at Morguard. \"Canada's job market continued to recoup after the losses seen in the spring, however, office and retail assets are anticipated to underperform in the approaching atypical holiday season. Entering 2021, consumer and investor confidence are anticipated to return, aligned with further developments regarding a COVID-19 vaccine or more effective treatments.\"\n \n \n \n Commercial Real Estate\n \n \n Demand for multi-suite residential assets outperfo...