COVID-19: Impacts on Canadian Commercial Real Estate
The End of the Beginning
These are unprecedented times, as the impacts of COVID-19 continue to evolve at a rapid pace. We continue to take a close look at how this impacts the Canadian commercial real estate market. We are committed to you, our clients, and remain available for discussions and advice as your partners and wanted to offer our latest insights.
As difficult as the first few months of the pandemic have been, as we enter June and the summer months, most provinces across Canada have either opened or are eager to open soon. The hope is that workers will be able to return to their businesses and some “new normal” routines can be established. On the commercial real estate side of things, those who have been hesitant to transact may also see an opportunity to move forward as the re-opening gathers momentum.