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Colliers: Large Investment Deals Returning to Canada

Large deals are finally returning to the Canadian commercial real estate investment market following the COVID-19 pandemic, says a Colliers report.

Office, retail and industrial properties valued around $200 million traded in the second quarter of 2023. The Colliers findings came as Brookfield Asset Management indicated that it will make significant investments in the next 12-18 months as economic headwinds deflate property values in stressed global markets.

According to Colliers, private buyers dominated the market, continuing a trend that accelerated during the pandemic.

“Foreign buyers continue to show interest in Canada, where a combination of favourable demographics and low rents in world context look attractive to major investors,” said Colliers in the report.

However, investment volume fell 40 per cent, to $5.4 billion, quarter-over-quarter and year-over-year as interest-rate increases continued to hamper the market. But, Colliers said, year-over-year comparisons will be less dramatic because quarters will no longer be “super-charged” by post-lockdown activity and record-low interest rates.


Inside The Story

ColliersMonte Stewart

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

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