Uncertain trade outlook prompts revision of property-level forecasts for Canada

CoStar recently revised its property-level forecasts for Canada. Although a general recovery was expected for most Canadian property types by 2026, the recovery has been pushed back due to the lack of progress in resolving trade issues with the United States and potentially negative population growth over the next year. These trends, alongside a cyclical supply overhang, are now expected to contribute to higher vacancy levels across all property types.