A significant turning point for Canada’s commercial real estate (CRE) industry was reached on December 11, 2024, when the Bank of Canada decided to lower its overnight lending rate target to 3.25%. This policy change, the fifth rate cut since April 2024, is expected to impact leasing, development, and investment activities nationwide in 2025 and […]
Managing Commercial and Multifamily Real Estate Prospects in Canada: Richard Crenian’s Point of View
It is crucial to take into account how market dynamics, governmental regulations, and macroeconomic changes continue to influence the multifamily and commercial real estate (CRE) markets in Canada as we anticipate changing prospects in these sectors. Richard Crenian, a seasoned specialist in these areas, can verify that the multifamily development boom and CRE’s changing prospects […]
The Future of Canadian Commercial Real Estate: Key Trends and Growth Projections for the Next Decade
The Commercial Real Estate (CRE) industry in Canada is about to undergo a radical shift driven by rapidly changing macroeconomic patterns, rapid technological development, and a growing emphasis on sustainability. The market is anticipated to reach a volume of US$2.09 trillion by 2029, with a projected Compound Annual Growth Rate (CAGR) of 1.82% from 2024 […]
The global trend toward lower interest rates led by major central banks is altering Canada’s financial landscape across many industries – commercial real estate (CRE) being no exception. As central banks like the Bank of Canada continue to lower rates, commercial real estate investors face an altered investment environment: more favourable monetary policy, decreasing inflationary […]
The multifamily market in Canada is experiencing significant change at the moment, with purpose-built rentals emerging as the preferred option. This shift represents a fundamental realignment within the residential real estate industry as well as shifts in housing choices. With an increasing number of Canadians opting to rent, purpose-built rental houses offer enormous potential, which […]
Canadian commercial real-estate has been a cornerstone in investment portfolios for many years. It offers stability, income potential and inflation protection. Investors are now faced with a decision as the market changes: whether they should invest in Real Estate Investment Trusts or direct property investments. Recently, I discussed the state of Canadian commercial property. Now […]
Canada’s office vacancy rates, the percentage of unoccupied office spaces, are hovering around 10%, with some markets experiencing higher vacancies due to the shift to remote work arrangements such as employees working from home rather than in traditional office spaces. Strong office Real Estate Investment Trusts (REITs), which are companies that own, operate, or finance […]
The Commercial Real Estate (CRE) as well as the multi-tenant building markets are crucial parts in the real estate industry. These components are generally used as barometers to view the overall economic health of the industry. These markets can fluctuate rapidly due to issues including but not limited to financial crises, pandemics, and geopolitical tensions. […]
Commercial real estate has long been one of the cornerstones of Canada’s economy. Spanning from urban centers to suburban hubs, commercial real estate contributes to economic expansion, job creation and community revitalization across Canada. As we progress further into the 21st century, commercial real estate in Canada appears to hold great promise – driven by innovation, […]
Real estate analysts, wealth managers, family offices, and private investors increasingly see underperforming retail offices as viable investment options with significant potential to transform into cash flow streams and maximize returns through creative use of space. This trend reflects changing needs within cities as well as changing dynamics within commercial real estate markets. Repurposing low-value […]