The Canadian commercial real estate sector exhibited positive momentum in the second quarter, according to Morguard’s 2024 Economic Outlook and Market Fundamentals Second Quarter Update.
The multi-suite residential rental property investment remained largely stable due to healthy fundamentals along with a surge in industrial investment property transactions in the second quarter.
“Both the commercial real estate and multi-suite residential rental sector exhibited a measure of resilience in the second quarter, which built on a solid foundation for growth,” said Angela Sahi, president and COO of Morguard. “With easing inflation pressures and encouraging signs of rate cuts, this positive momentum indicates that the Canadian real estate market is set to gradually rebound.”
Looking ahead to the rest of 2024, further rate cuts by the Bank of Canada and a continued easing of inflationary pressure are anticipated. Investor confidence is expected to in
