After three years, Vancouver industrial market entering new phase
A run of unwinding vacancy set to stabilize but will remain at a landlord-friendly level of imbalance
The Vancouver market is fast approaching its third consecutive year of climbing vacancy. While this does not set the market apart from its Canadian peers, it does still make it the...
Industrial permits suggest Edmonton will be a hotbed of construction and investment
Record level of permitted industrial developments has been approved in 2024
The second and third quarters of this year each contributed over $180 million to the year’s historic $478 million worth of newly permitted industrial buildings and facilities (incl...
Investment into Edmonton’s multifamily market has already hit $1 billion in 2024
This year’s multifamily tally could exceed the market’s total performance in 2020
The Edmonton market is on the doorstep of putting together three years with over $2 billion in commercial property trades in the multifamily, industrial, office and retail asset cl...
Space acquisition hangover isn’t only reason for slowdown in Vancouver’s industrial market
Recent business closures have outpaced new openings by the widest margin since mid-2020
Momentum in Vancouver’s industrial market has slowed to approximately one million square feet leased quarterly. The market’s performance has been consistent this year but is off la...
The last surge of new office inventory almost complete in Vancouver
Three developments to land this year with next year’s new office space already 80% secured
Over the remaining months of this year, pending any last-minute delays, the city of Vancouver can expect to see the last major contributions to its office inventory that will resul...
Increase in Vancouver’s retail space availability isn’t likely to last
Development offers the best chance for Vancouver to move toward balancing supply, demand
Vancouver continues to be one of the tighter retail markets in Canada. Overall availability across the metropolitan region sits at approximately 2.0%, which has increased in the pa...
Vancouver's Railtown may deserve a rethink
Elevated space availability presents an opportunity to bring life to a neighbourhood in need
Located within walking distance of downtown Vancouver, Railtown is an area with a long and storied history of commerce dating back to when the area served as trading market for loc...
Stable consumer spending in Alberta expands provincial lead in per capita purchases
Province's markets expected to see continued construction of new shopping centres as retail spending increases
Retail spending in Alberta increased in the second quarter by 1.4% from the previous quarter and 0.6% over the same quarter last year. Other major provinces, with the exception of ...
Year-to-date multifamily sales in Edmonton surpass previous year, set record
Newly constructed buildings, increasing population and sustained rent growth help lure investors from outside province
The Edmonton multifamily market is having a moment. Like the rest of the country, the availability of residential rental units has been dramatically reduced over the past three yea...
Vancouver Rental Housing Enters Peak Expansion
Apartment Unit Completions Only Just Start To Ramp Up, Still Short of Needed Supply
The Vancouver region added 747 rental units in rental housing inventory in the month of July, according to the Canada Mortgage and Housing Corporation, 4.6% more than June and a 43...
Increased Demand for Childcare Drives Retail Demand Across Vancouver Region
Increased Pace of Leased Childcare Facilities Doubles After Recently Enacted Fee Reduction Initiative
Increased demand for childcare services has been one of the many drivers of retail leasing across the metropolitan Vancouver region. The number of new daycare facilities opening in...
This New Investment Fund Has Brought Multifamily Purchases by Non-Profits to New Heights in Its First Year
Non-Profits May Offer an 'Escape Route' for Apartment Landlords Stymied by Rent Caps
The Rental Protection Fund, launched in July of 2023 with the goal of ensuring the availability of affordable rental units, not only managed to provide long-term rent protection to...
Trades of Vancouver Retail Properties Spike in the Second Quarter
Increased Optimism Among Retail Investors, Changes to the Capital Gains Inclusion Rate Lead to Near-Record Sales Volume
Retail property trades in the Vancouver region exceeded $950 million in transaction volume in the second quarter of 2024. Nearly a third of this recent sales volume has been catego...
Consumer Spending in Alberta Softens Even as Quick Serve Restaurants and Big Box Retailers See Gains
Convenience and Discounts Remain Two Reasons Why Albertans Pull Out Their Wallets
Over the first five months of the year, consumer spending in Alberta was 0.26% lower than the same time in 2023. Surprisingly, Alberta was the only province with lower consumer spe...
Calgary’s Newest Data Centre Reflects Alberta’s Growing Appeal for Tech Firms
Several Factors in Alberta Make Region a Top Destination for Specialized Sector
Earlier this year, Stack Infrastructure, a data centre development company headquartered in Denver, Colorado, completed the construction of a roughly 100,000-square-foot data centr...
Calgary Sublet Space Climbs To Record Highs
Despite Logistics Firms, Retailers Recalibrating Warehouse Space Needs, the Industrial Sector Appears Headed Toward Relative Balance
The amount of available Calgary industrial sublet space has climbed to 2.2 million square feet, approximately 18% of the total available space in the market. This is well above the...
As Business Bankruptcies Climb, Companies Also Take On More Debt
Canadian Businesses Under Heavy Debt Loads Likely To Limit or Reduce Real Estate Expeditures
The latest results for business insolvency in Canada weren't good.
Showing Faith in Vancouver's Industrial Prospects, Developers Start Third Large Speculative Project
Developers Remain Confident in Distribution Space Demand
A new distribution building commenced construction in the Vancouver market, the first since late January. Beedie broke ground on 4449 Salish Sea Way, Delta, a 485,675-square-foot b...
Vancouver’s Single Digit Office Vacancy Appears To Be on the Way Out
Even as Vacancy Expands, Vancouver Avoids the Levels of Empty Space Seen in Other Major North American Office Markets
The top end of the Vancouver region's office market, the four- and five-star-rated properties, has continued to see single-digit average vacancy despite the massive amount of new s...
Employee Sentiment Survey for Alberta Points to Potential Increase in Office Attendance
Higher In-Office Attendance Would Boost Downtown Economy
Across Alberta, aggregated employment gains in office-using industries have stagnated. The change in total employed in these industries has only twice fallen into negative territor...