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June 24, 2025
Slowdown in apartment rents continues to cool overall inflation in May
Canada’s headline Consumer Price Index inflation came in at 1.7% on an annualized basis in May, maintaining the pace from April and in line with expectations for a 1.7% year-over-year print.
June 13, 2025
Retail building permit approvals off to strong start for national leader Calgary
Development of retail properties in Calgary surged at the start of the year, jumping 23% from the end of the year to nearly 2.5 million square feet under construction, a level that is just 5% shy of peak 2019 levels.
June 13, 2025
Housing shortage crisis has quickly turned into an oversupply problem
In 2022, amid a material acceleration in population growth, near record-low interest rates, and double-digit increases in home prices, it appeared that Canada was in the midst of a major housing shortage crisis. With an election looming, policymakers sprang into action as the federal government pledged to build as many as 500,000 new housing units a year to fill the supply gap.
June 12, 2025
Increased demand for energy could underpin sustainability initiatives in industrial real estate
As industrial tenants increasingly adopt automation, robotics and AI-driven systems, access to reliable and scalable power has emerged as a critical driver in site selection. What was once a secondary consideration is now a top priority, as energy-intensive technologies have become central to modern logistics and manufacturing.
June 10, 2025
Quebec's housing supply staging a recovery after five difficult years
After five years of limited housing construction, provincial housing supply in Quebec is starting to increase again.
June 9, 2025
Former Nordstrom Vancouver store plans show possibilities for urban Hudson's Bay spaces nationwide
A new application for the long-shuttered Nordstrom in downtown Vancouver could provide a glimpse into potential retail alternatives for former urban Hudson's Bay locations after the iconic Canadian retailer officially shuttered all its stores earlier this month.
June 2, 2025
Edmonton may see its industrial vacancy rate go from the highest to lowest in the nation in just two years
Industrial building construction in Edmonton has fallen to an eight-year low. Just 1.1 million square feet of new industrial space is underway across the market, down from 5 million square feet just two years ago.
May 29, 2025
Supply and demand in Toronto’s residential market are at a stalemate
The Greater Toronto Area has experienced remarkable population growth in recent decades, significantly outpacing global averages. The GTA's population stood at approximately 6.22 million at the end of 2024, a 35% increase since 2010. This population growth has been a key driver in demand for housing. It should also be bolstering development proformas for residential construction across the city.
May 28, 2025
Hong Kong hotel performance a mixed bag, even amid high occupancy levels
Hotel performance in Hong Kong this year tells a mixed story. Year to date, occupancy is up 4% compared to last year, but average daily rate is down 4%.
May 23, 2025
The 'new math' of homeownership: Higher interest rates may make renting more appealing
In today’s uncertain economic environment, renting may be a more appealing financial option than owning a home. This is especially true in large urban centers such as Toronto or Vancouver, where home values have appreciated to levels that make it difficult for first-time buyers to afford.
May 22, 2025
The Canadian housing market crisis is not dark yet. But it's getting there.
When discussing Canada’s housing market, longtime observers often hearken back to the dreary, hopeless feeling that accompanied the market throughout the 1990s. During that decade's recession, Canadians faced high unemployment and interest rates that nearly doubled, leading to a decade-long plateau in housing prices. The current softening of the market across the country is prompting industry professionals who have been through several cycles to ask if the current situation is as bad as the 1990s.
May 22, 2025
Headline inflation falls back sharply on lower gas prices
Although falling gas prices in April helped to lower Canada’s headline inflation rate below 2%, this masked an acceleration in underlying inflation pressure evident in the core inflation rate.
May 21, 2025
Canada’s housing woes can be viewed as a microcosm of a global issue
Since 2007, when urban populations first overtook rural ones on a global scale, the world has experienced a 17% increase in population. This growth has been driven almost exclusively by urban areas, which have increased by roughly 33% while rural populations have remained largely unchanged. In addition to other factors, including wealth inequality, this shift has contributed to housing crises in many major cities worldwide.
May 21, 2025
Trade dispute draws attention to whether US tourists will remain stateside
U.S. tourism is crucial for Canada's economy. In 2024, U.S. tourists visiting Canada numbered over 14 million, more than double the levels of all other international tourists combined and the highest number since 2016. Increasing tourist arrivals is vital to the country’s hospitality sector because of the large economic impact U.S. visitors have on Canada's hotel sector.
May 19, 2025
Montreal hospitality sector's make-or-break summer season under threat from fewer expected visitors
Montreal’s prime summer tourism season is getting ready to kick into high gear with the Canadian Grand Prix in mid-June followed in quick succession by the Festival International de Jazz de Montreal, two of the many events that typically attract international and domestic tourists to the city during the summer.
May 14, 2025
Lack of jobs for young people poses another threat to Canada’s apartment market
Canada’s rental apartment market experienced its lowest vacancy on record in 2023, accompanied by sharply rising rents. Since then, a significant increase in new supply has helped to ease market conditions for renters.
May 14, 2025
After increasing online spending in 2024, Quebec residents indicate they are making changes
The latest University of Laval’s NETendances survey, which focuses on Quebecers' online shopping habits, included a few questions covering the first quarter of 2025. The objective was to gauge the impact of the current U.S.-Canada trade dispute on provincial e-commerce.
May 13, 2025
Edmonton’s downtown office market may be stronger than the elevated vacancy indicates
Downtown Edmonton has dealt with elevated office space availability for years. In the past, the downtown areas of Edmonton and Calgary stood out in this regard, vacillating with booms and busts in the volatile energy sector. However, other downtown Canadian markets are also heading toward the lofty availability rates in Alberta.
May 13, 2025
Four-year industrial construction cycle, the largest on record, has come to an end in Calgary
Like other major industrial markets, Calgary experienced a significant boom in construction activity related to the sudden change in inventory stockpiling during the COVID-19 pandemic. This led to near-instant spikes in absorption, or net occupancy, and eventually sparked the most aggressive construction cycle in Calgary’s recent history.
May 9, 2025
Rising costs of building apartments have mostly slowed in Ottawa
After increasing substantially in 2021 and 2022, increases in apartment construction costs in Ottawa have slowed. During most of the pandemic, construction cost increases in the province exceeded the average of the largest Canadian Census Metropolitan Areas, as area developers rushed to break ground on new projects to accommodate the city’s robust population growth.

Slowdown in apartment rents continues to cool overall inflation in May

Retail building permit approvals off to strong start for national leader Calgary

Housing shortage crisis has quickly turned into an oversupply problem

Increased demand for energy could underpin sustainability initiatives in industrial real estate

Quebec's housing supply staging a recovery after five difficult years

Former Nordstrom Vancouver store plans show possibilities for urban Hudson's Bay spaces nationwide

Edmonton may see its industrial vacancy rate go from the highest to lowest in the nation in just two years

Supply and demand in Toronto’s residential market are at a stalemate

Hong Kong hotel performance a mixed bag, even amid high occupancy levels

The 'new math' of homeownership: Higher interest rates may make renting more appealing

The Canadian housing market crisis is not dark yet. But it's getting there.

Headline inflation falls back sharply on lower gas prices

Canada’s housing woes can be viewed as a microcosm of a global issue

Trade dispute draws attention to whether US tourists will remain stateside

Montreal hospitality sector's make-or-break summer season under threat from fewer expected visitors

Lack of jobs for young people poses another threat to Canada’s apartment market

After increasing online spending in 2024, Quebec residents indicate they are making changes

Edmonton’s downtown office market may be stronger than the elevated vacancy indicates

Four-year industrial construction cycle, the largest on record, has come to an end in Calgary

Rising costs of building apartments have mostly slowed in Ottawa

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