The analysis shows a generally optimistic tone from respondents, which include 27 of Canada’s top commercial mortgage lenders, but 20 per cent believe that the amount of capital available to the market will be lower in 2016.
A “strong majority” of lenders also said that, from a cost of debt perspective, spreads will increase this year.
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The total value of the secured commercial mortgage lending market, excluding construction, was $205 billion in 2015. The mortgage analytics group of CMLS Financial says that the total was 4.1 per cent higher than 2014 and total originations in the year reached $42 billion.