Commercial and Industrial

According to Altus, the commercial and industrial sectors faced setbacks in 2023 Q4. In the multi-family sector, there was a slight decrease of 15% year-over-year, with $898 million in total transaction volume. The office sector experienced a more significant decline, posting $527 million in transactions, down by 34% compared to the previous year. Similarly, the retail sector...

On April 12th, the government released the Solving the Housing Crisis: Canada’s Housing Plan, with the goal of unlocking 3.87 million new homes by 2031. This strategy involves adding 2 million net new homes, in addition to the 1.87 million homes expected to be built by 2031. Specifically, policy actions outlined in Budget 2024 and Canada’s Housing Plan, along with initiatives from fall 2023,...

The Bank of Canada (BOC) announced its Summary of Governing Council deliberations, to provide explanation and background to its April 10th, 2024 rate announcement. 

Key housing and shelter-related discussions and information included how the imbalance between housing supply and demand, combined with the slow pace of housing supply expansion, was contributing to short-term pressure on shelter inflation,...