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Educational Institutions Want To Buy Canadian Office Buildings

Volumes Are Small, but Universities and Colleges Acquire Office Assets at Fastest Pace Ever

130 Macdonell St. in downtown Guelph, Ontario, sits a few minutes’ walk from the city’s regional train station, Guelph Central. It was acquired by Conestoga College in April 2023. (CoStar)
130 Macdonell St. in downtown Guelph, Ontario, sits a few minutes’ walk from the city’s regional train station, Guelph Central. It was acquired by Conestoga College in April 2023. (CoStar)

Higher interest rates and a slowing economy have weighed on commercial real estate transactions since early 2022. The office sector has been hit the hardest, and the segment has had to contend with many firms adopting hybrid workplace policies, leading to less demand for office space.

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