This quarter has seen positive pricing movement in several asset classes as the impacts of the Covid-19 pandemic move to the rear-view mirror.
The biggest movement has been in the Industrial sector, with vacancy rates dropping as leasing demand returns.
Multi-family cap rates have also continued to decline as interest rates remain low, while vacancy levels in recent months have returned to their long-run trends.
Office and retail assets remain “on hold” while investors, tenants, and purchasers wait to see what new working and purchasing behaviours will look like long-term.
Please let us know if you have any questions on the following information, or if we can help you to be confident in your decision making by providing further information and support on western Canada’s real estate market.