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Strong Demand and Limited Supply Keeps Commercial Real Estate Prices High; Sends Investors Looking to Secondary Markets in Canada
Strong Demand and Limited Supply Keeps Commercial Real Estate Prices High; Sends Investors...
About this update from Morguard Corporation
[{"type":"text","content":"\n\n\n\nStrong Demand and Limited Supply Keeps Commercial Real Estate Prices High; Sends Investors Looking to Secondary Markets in Canada\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\nStrong Demand and Limited Supply Keeps Commercial Real Estate Prices High; Sends Investors Looking to Secondary Markets in Canada\nCanada NewsWire\nMISSISSAUGA, ON, April 21, 2016\n\n\n\nReal Estate Asset Managers Turning to Creative Solutions to Get Higher Yields from Existing Properties\n\n\n\nMISSISSAUGA, ON, April 21, 2016 /CNW/ - Morguard Corporation (TSX: MRC) (\"Morguard\") released today its first quarter 2016 Economic Outlook and Market Fundamentals Report – an analysis of trends and activity in the Canadian investment real estate market. Despite uncertainty in Canada's economy, a number of real estate asset classes continue to attract strong investor interest – particularly in Ontario and British Columbia, while ongoing weakness in energy prices continues to place a drag on the commercial office leasing market, particularly in Calgary, Alberta.  \n\nQ1 2016 Key Findings\n\n\nCanada's low dollar continues to make real estate attractive to foreign investors \nA limited supply of core quality commercial properties is keeping prices high and causing some investors to look to secondary markets for value – particularly multi-suite residential\nCanada's office leasing market is in a corrective phase.  In particular, weak energy prices continue to leave the Calgary office sector in decline, with excess supply putting downward pressure on rents for many owners\nThe Greater Vancouver Area continues to see strong performance, with the industrial availability rate at just 4.1%, despite 1.1 million square feet of new space added to inventory in Q1\nDemand for space in industrial properties continued to match or exceed supply, leading to stable fundamentals, despite the relatively weak economy\n\nTo download the first quarter 2016 Economic Outlook and Market Fundamentals Report, visit http://www.morguard.com/news-knowledge/r...