Canadian Commercial Real Estate Research
To gain a robust understanding of the Canadian commercial real estate industry.
- Canada's commercial real estate industry saw a boon year in 2018, with transactions up 38%.
- The spike was fueled by two major M&As: CREIT acquired by Choice Properties and PIRET was acquired by Blackstone.
- Toronto and Vancouver are the highest locations for commercial real estate investment.
- In addition to those two cities, PwC Canada names Ottawa, Halifax, Montreal, Saskatoon, Quebec City, Edmonton, Winnipeg and Calgary as "markets to watch".
- Retail is expected to have a smaller footprint but office buildings will see healthy growth.
- Some expected disruptors to the industry will be construction technology, cybersecurity, big data analytics and coworking.
- One segment growing significantly is the medical office.
- Overall, the office market enjoys a very low vacancy rate, hitting its lowest ever in 13 quarters in Q4 2018. "Maturing and new tech tenants" make up 22.7% of the market, further concentrated in Toronto and Vancouver.
- The office market had 7.1 million square feet in net absorption in 2018. The pipeline is predicted to expand 27.1% YOY to 14.2 million square feet.
- In addition to this public search, we scanned our proprietary research database of over 1 million sources and were unable to find any specific research reports that address your goals.
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