Investor enthusiasm is steadily increasing in Canada’s commercial real estate sector, according to a new report.
John Pasalis, president and broker of Realosophy Realty, joins BNN Bloomberg to do a pulse check on the Toronto real estate market.
“The commercial real estate market is set for ongoing improvement throughout the year, signaling a notable turnaround from the challenges of the previous year,” the report said. Canada’s population is also growing at a record pace, the report notes, which is spurring demand for rental properties across the country. The multi-residential sectors “remains largely dominated” by private buyers, the report highlighted while predicting that institutional investors will re-enter the market in the third quarter.
Avison Young’s findings also suggest that, over the second quarter of 2024, Canadian private investors dominated acquisitions of income-producing properties.
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