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  • New construction and absorption compared to vacancy rate
    Next phase for Calgary’s industrial market has arrived
  • Investors of all types are buying newer and larger apartments
  • Calgary airport hotels outperform downtown hotels post-covid
  • Edmonton airport hotels outperform downtown hotels post-covid
  • chart showing comaparing the proportion of buildings built before 1976 vs after 2015 in major Canada markets showing that Montreal has the highest proportion of pre-1976 industrial buildings
    Montréal's industrial inventory is gradually rejuvenating
  • chart displaying vacancy rate and millions of trips per month on GO Transit rail in Toronto. trips per month has recovered since 2020 however the downtown vacancy rate has only continued to to increase
    Increase in GO Train ridership not linked to declining downtown office vacancy rate… yet
  • chart comparing the number of government employees to the vacancy rate in Ottawa showing that although the number of government employees has increased, the vacancy rate has decreased since q3 2023
    Increase in Federal workforce having little impact on Ottawa’s vacancy rate
  • graph of constructed and under construction self storage in Canada potted against Canadian annual population grown
    Self-storage growth projected to double in 2026
  • two pie charts showing that buildings with over 100,000 sf of vacant space constitute 8% of the buldings in montreal, but 47% of the total vacant area in Montreal
    Nearly half of the vacant office space in Downtown Montréal is concentrated in 8% of the buildings
  • chart showing grocery square feet per capita in edmonton every year since 1980, peaking in 2000 and trending down ever since
    Edmonton’s rising population drives grocery demand in retail market
  • chart showing grocery square feet per capita in Calgary every year since 1980, peaking in 2006 and trending down ever since
    Calgary’s rising population and density drives grocery demand
  • chart of annual commercial property sales volume since 2018 plotted agains Bank of Canada interest rates
    Low interest rates in Canada boost industrial acquisition activity
  • chart comparing new purpose built rental units per year compared to vacancy rate with both figures trending up in 2024
    2024 sees record amount of new purpose-built residential rental units added to the market in Calgary
  • chart comparing new purpose built rental units per year compared to vacancy rate in Edmonton with both figures trending up in 2024
    2024 sees record amount of new purpose-built residential rental units added to the market in Edmonton
  • two pie charts showing how Calgary’s ‘character’ office space vacancy rose 7.7% over the past 5 years
    Calgary’s ‘character’ office space vacancy rose 7.7% over the past 5 years
  • two pie charts illustrating how Edmonton’s ‘character’ office space vacancy rose 17.7% over the past 5 years
    Edmonton’s ‘character’ office space vacancy rose 17.7% over the past 5 years
  • chart showing fluctuation in office absorption in Canada by quarter since 2020, segmented by decade that the property was built. Office absorption is concentrated in newest towers.
    Office absorption concentrated in newest towers
  • chart showing quarterly figures for industrial sublet space in Canada subdivided by market since Q1 2018 with figures trneding up significantly since q3 2022
    Canada industrial sublet space surges in 2024
  • chart showing annual percentage population change in Canada's larges markets since 2013, with all markets seeing significant increases since 2021, with Calgary growing the fastest
    Calgary’s population continues to lead the nation as economic and commercial opportunities improve
  • chart showing class B vs class A vacancy rate in Toronto's financial core from 2000 to 2024 with class B vacancy outpacing Class A significantly since Q2 2020
    ‘Flight to quality’ in Toronto’s Financial Core: where are we now?
  • chart of greater calgary area land prices from 2019 through 2024 with the gap between full municipal servicing and unserviced land narrowing over time
    Price gap narrowing between serviced and unserviced industrial land in Calgary
  • Chart of Year to date absorption in square feet in Montreal by year of construction
    The “flight to quality”: rethinking Montreal’s older office buildings
  • chart showing leasing activity by location in Calgary in 2023 with suburban areas seeing much more activity than Beltline and downtown
    Dynamic retail growth drives leasing activity in Calgary's suburban areas
  • Length of lease terms by class
    Trophy office properties in Canada have the longest lease lengths compared to other office classes
  • chart of vacancy rate by building size from q2 2018 to q4 2023. in q2 2022, vacancy rate in buildings larger than 500000 sf jumped above that of smaller buildings and continues to run higher than other building sizes
    New supply pushes vacancy rate upwards for large industrial buildings in Greater Montreal
  • chart of millions of trips per month on GO Transit rail and Downtown Toronto vacancy rate from 2019 through 2023. trips and downtown vacancy rate both continue to increase since March 2020
    GO Transit commuter rail ridership indicates a recovery, yet overall downtown office vacancy rates are still lagging
  • chart of Edmonton net office absorption since March 2020 by year of construction, showing that tenants are overwhelmingly flocking to new construction
    The "flight for quality" provides a new opportunity to repurpose older buildings for non-office use in Edmonton
  • chart of Calgary net office absorption since March 2020 by year of construction showing that tenants are overwhelming leaving older buildings in favor of those built since the 2000s
    The "flight for quality" is a new opportunity to repurpose older buildings for non-office use in Calgary
  • Chart comparing sublet, direct and total avialability in Downtown Montreal commercial real estate market from Q4 2019 to Q4 2023
    Sublets are finding tenants in downtown Montreal
  • chart of investment activity by asset type in Ottawa
    High interest rates in the Ottawa National Capital Region, are causing a headwind in real estate investment activity
  • chart of Ottawa's Downtown Core office to multi-residential conversions
    Ottawa's office-to-residential conversions offer solutions
  • chart of annual number of transit commuters in Alberta in 2016, 2021, 2022 and 2023 showing that while transit ridership has increased since 2021, it still has not recovered to 2016 levels
    Number of transit commuters on the rise in Alberta
  • chart showing the number of vehicle commuters in Alberta for the years 2016, 2021, 2022 and 2023 showing that vehicle commuters are on the rise in Alberta
    Number of vehicle commuters on the rise in Alberta
  • chart of absoprtion in Montreal's South Shore West by quarter from Q3 2018 to Q2 2023, segmented by proximity to Du Quartier station, showing that transit oriented development is capturing the majority of office absorption
    Transit-oriented development captures vast majority of office absorption in Montreal’s South Shore West
  • chart comparing number of building by available space range in Ottawa
    Ottawa's Industrial leasing activity on a steady increase for the 3rd quarter
  • chart showing office occupancy rate for properties in Montreal transit suburbs, auto suburbs, and active core, showing that auto suburbs have fallen out of favor since the pandemic
    Montreal's transit-oriented suburbs lead in office occupancy
  • chart of Calgary downtown vacancy  for different property classes with and without residential conversions included
    Calgary downtown residential conversions reduce vacancy in class B & C office classes
  • chart showing average lease term for office leases across Canada from Q1 2015 to Q3 2023 showing that lease lengths peaked in q4 2019 but appear to be starting an upward trend since their low in Q1 2023
    Average term on office leases across Canada is on the rise
  • Downtown Ottawa, fifteen-minute community, L 'esplanade Laurier, Canada Lands Corporation, 473 Albert Street, 360 Laurier Avenue West, office workplace
    A rise in Ottawa’s Downtown office availabilities could spark changes to how space is utilized
  • Over the past decade, 10% of new industrial space delivered in the Greater Montréal area has been LEED certified (or is in the process of obtaining the certification).
    Nearly 40% of Montreal industrial buildings currently under construction targeting LEED certification
  • chart of average volume sales and average price per acre from Q1 2020 to Q2 2023
    Ottawa's land sales finding greater degree of value consistency as interest rates stabilize somewhat
  • vacancy rates, Hamilton, Kitchener, Waterloo, Cambridge and Guelph, GTA
    Southwestern Ontario’s industrial market drawing more companies due to Greater Toronto’s high rents and tight vacancy
  • chart of percentage of total building inventory LEED certified by year from 2009 to 2023 with the total number of buildings certified reaching 70% in 2023
    70% of class A office space in Downtown Montreal now LEED certified
  • chart of metro Vancouver Average price per square foot and overnight rate at end of Q1 in 2020, 2021, 2022 and 2023
    Asset values of industrial strata in Metro Vancouver show resilience despite interest rate hikes
  • Number of sublet space entering the market by year
    Greater Toronto office sublets – what do space sizes reveal about who’s putting space on the market?
  • chart of population growth in small cities and towns surrounding Calgary
    Small cities and towns in Alberta experience double digit population growth
  • chart of monthly new job postings in large Canadian cities from May 2014 to May 2023
    New job postings are slowing, pointing to a cooling labour market
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