Commercial market may be close to peak survey shows

Canada’s commercial market may be close to its peak, according to a survey by surveyors’ association RICS.

In its Global Commercial Property Monitor it assessed the opinions of members working in the real estate sector across 29 countries.

Those in Germany, New Zealand and Hong Kong top the list of countries where market conditions are reaching the top of the cycle, but Canada is in fourth place, almost level with the US and ahead of markets such as Japan, Australia and the UK.

RICS says those markets reporting that they could be peaking will have limited scope for activity in the coming year. 

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