Canadian CRE investment to reach $59.3B in 2023

 

CBRE's The Canada Real Estate Market Outlook report revealed that commercial real estate investment in the country would reach a record $59.3B this year.  The report expects investment activity to rebound in the spring.  Per the report, the record investment in commercial real estate will be driven by greater merger and acquisition activity.  As companies and employees prefer a hybrid work model, office spaces that attract workers would receive top priority.  The demand for multi-family rental real estate is expected to continue this year, led by higher immigration targets.  Challenging market conditions and a potential economic slowdown could be challenging for investors.