"When the economy is weak, people put off purchasing to some degree, which bolsters rental demand," said director of research Keith Reading. "The consistently healthy migration to Canada from other countries also has stabilized demand for rental accommodation."
The interest in multi-suite residential is growing in secondary markets including London and Hamilton due to short supply in the primary markets.
Morguard’s analysis of the market reveals that the office leasing market is in a “corrective phase” with Calgary noteworthy for its decline. There is stronger activity in Vancouver, Toronto and Montreal.
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Investors in Canadian real estate are showing interest in a range of property types according to a report from the Morguard Corporation. The property management firm says that despite economic concerns, the low valued of the Canadian dollar is piquing interest from foreign buyers and a limited supply of core quality commercial properties is boosting interest in multi-suite residential.