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Robust Demand Has Canadian Commercial Property Investment Off to a Strong Start in 2018
Robust Demand Has Canadian Commercial Property Investment Off to a Strong Start in 2018 ...
About this update from Morguard Corporation
[{"type":"text","content":"\n\n\n\nRobust Demand Has Canadian Commercial Property Investment Off to a Strong Start in 2018\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, April 30, 2018\n\n\n\nDemand for commercial real estate remains at peak highs as investors search for yield\n\nCanadian Economic Outlook & Market FundamentalsFirst Quarter Update 2018\n\n\n\nMISSISSAUGA, ON, April 30, 2018 /CNW/ - Canadian commercial real estate activity was off to a strong start in 2018 as demand continues to outstrip supply, according to a new report issued by Morguard Corporation (\"Morguard\") (TSX: MRC). \n\n\"The appetite for commercial real estate investment remains at peak highs, with the flow of capital only being limited by the supply of assets available,\" said Keith Reading, Director of Research at Morguard. \"Investors are seeing commercial real estate in Canada, with its strong track record of performance, as a safe bet for investment.\"\n\nUnbalanced demand was noted across all asset classes in the first quarter, with the office sector again leading the way. Multi-suite residential and industrial sales also remained brisk, with the shortfall in supply forcing investors to look to smaller markets and second-tier assets. Despite heightened risk due to increased vacancies, retail property values also remained fairly stable.\n\n\"Demand is really remarkable across all the asset classes, even those with increasing headwinds,\" said Reading. \"The number of notables sales already closed and in the pipeline is signifying another record year for investment, provided the supply of assets for sale remains available.\"\n\nLingering uncertainty over North American Free Trade Agreement negotiations contributed to a slowdown in economic activity, with most global equity markets down to start the year. This uncertainty, paired with rising consumer debt, has the Bank of Canada expected to exercise caution on future interest rate hikes.\n\n\"With global volatility in the equity markets, investors are searching for consistent yields,\" said Rea...