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Canada  + Cross Border News  + Industrial  | 

Remax: Industrial Remains Canada’s Top Asset Class

Industrial remains Canada’s top-performing commercial real estate sector in spite of a revised financial climate, says Remax.

In a blog post, the brokerage firm said industrial lease rates are rising steadily. Sale prices, are also moving upward as interest rates increase and lender requirements tighten.

Citing various unidentified data sources, Remax said industrial rents have increased 74% in Montreal, 41% in Calgary, 31% in Toronto and 18% in Montreal during the past year.

The growth is being driven by demand for different types of industrial properties as properties in major industrial hubs earn the highest lease rates and sale prices.

New supply is concentrated mainly in Toronto, Calgary, Vancouver, Montreal and Edmonton.

The findings came after Amazon opened its first extra-large-items warehouse in Calgary. Meanwhile, H&R REIT plans to concentrate largely on industrial investments while getting out of the troubled office sector.

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Inside The Story

RemaxMonte 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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