Canadian Industrial Profile: Real Estate—Spring 2017

The Conference Board of Canada, 2 pages, June 20, 2017
Industry Profile
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This industry profile provides a five-year forecast for Canada’s Real Estate Industry.

Document Highlights

  • Interest Rates—Real estate agents and brokers are benefiting from low mortgage rates that are supporting a hot housing market, particularly in Toronto and Vancouver.
  • Vacancy Rates—Office vacancy rates continue to rise, reaching 13 per cent nationally in 2016. Although some markets remain healthy, high vacancy rates are impacting lease rates.
  • E-Commerce—After a slow start, e-commerce in Canada is rapidly expanding. This has positive implications for warehouse space demand, but is having significant negative effects on demand for retail space.

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