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Rush for Industrial Real Estate Continues as Investment Reaches Record High
Rush for Industrial Real Estate Continues as Investment Reaches Record High Canada...
About this update from Morguard Corporation
[{"type":"text","content":"\n\n\n\n\nRush for Industrial Real Estate Continues as Investment Reaches Record High\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, Oct. 25, 2018\n\n\n\nRental market supply constraints continue to impede progress in most jurisdictions \nCanadian Economic Outlook & Market FundamentalsThird Quarter Update 2018\n MISSISSAUGA, ON, Oct. 25, 2018 /CNW/ - Investment sales activity in the industrial sector continued its robust pace into the third quarter, according to the latest Research Report issued by Morguard Corporation (\"Morguard\") (TSX: MRC).\n\"Sales volume for the industrial real estate market already stands at a twenty-year high with half a year still to go,\" said Keith Reading, Director of Research at Morguard. \"With quality space at a premium across much of the country and a solid fundamental outlook for the sector, we expect to continue seeing strong activity to finish the year.\"\nSales numbers for industrial assets in Canada's major markets reached a record $6.1 billion in the second quarter. A healthy economic outlook, strong leasing fundamentals and a modest development cycle contributed to the ongoing strength of the asset class and a very positive near-term outlook. Overall, quarter-over-quarter transaction volume increased across all commercial real estate asset classes, reflecting investor confidence in the market.\nThe recently announced U.S. – Mexico – Canada (USMCA) trade agreement has also raised investor's spirits to some degree. The overhanging threat of a trade war had significantly dampened the Canadian equity market's year to date performance.   \n\"The announcement of the trade agreement, and the nature of the details emerging, has eased some of the uncertainty for investors,\" said Reading.\nOn the economic front, Canada's economy is expected to grow at a fairly solid rate through the balance of 2018 and 2019. Output is forecast to increase by approximately 2.0% annually over this period. This rate of expansion bodes well for Canadian comme...