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CBRE 2020 Canadian Real Estate Market Outlook

Canada is now a top destination for domestic and global capital. This is Canada’s decade for the taking and there are incredible opportunities for commercial real estate: 

  • Unprecedented Leasing Demand and Rising Rents
  • Tenants Rising to the Challenge
  • Life Beyond Vancouver and Toronto
  • New and Evolving Real Estate Uses
  • Tackling Affordability, Infrastructure and Climate Change

Last year was nearly unprecedented for the Canadian commercial real estate industry. Canada outperformed its G7 peers riding on the strength of its welcoming immigration policies, attractive labour pool and stable operating environment. In 2020, the industry will not only move forward, several sectors will reach top speed.
At a time of trade hostilities and geopolitical shifts, Canadian commercial real estate emerged as a feel-good story – no longer simply a safe haven for investment, it is now a top destination for domestic and global capital.

Gone are the days of promising Canadian graduates embarking for bigger opportunities abroad. This trend has reversed course and the world’s most prominent companies are establishing themselves in Canadian cities, attracted to the relative affordability of these markets and their deep pools of talent. Brain drain no more, big gains are likely.

Canadian commercial real estate has traditionally been conservative as an industry, unaccustomed to exuberant highs and bullish forecasts. Course corrections and adjustments will inevitably happen and it will be important to avoid knee-jerk reactions at high speeds.

 If the sector grows overly cautious or takes its eyes off the road ahead, it risks losing momentum and undermining our country’s competitive advantage. This appears to be Canada’s decade for the taking and there will be incredible opportunities for commercial real estate along the way.

Get the data you need on the office, industrial, retail, multifamily, land, hotel and seniors housing sectors in 16 Canadian cities.

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