‘Demand Has Not Waned’ For Industrial Real Estate In Canada

“As many markets are challenged by aging and limited industrial infrastructure, the demand for industrial supply has not waned despite elevated interest rates, labour shortages, and increased construction and material costs.”, it’s clear that Canadian real estate is hurting. Even so, the country’s industrial sector seems to be bucking the downcast trend.

“Along with the new supply introduced this quarter, the increased prevalence of this practice has contributed to a rise in availability,” she writes.In terms of new supply, there were 35 industrial building completions in Q3, translating to 6.7 million sq. ft. Of those completed projects, 53.5% were pre-leased and the bulk were located in Toronto and Southwestern Ontario.

At a press conference on Tuesday, Finance Minister Chrystia Freeland commended BC's new legislation against illegal short-term rentals on platforms such as Airbnb and Vrbo.From cars to public transit to protecting — and prioritizing — pedestrians, European cities are riddled with success stories that Canada could stand to learn from.Custom-Designed Country Home On 3-Acre Lot In Kelowna Asks $4.

Source: Real Estate Daily Report (realestatedailyreport.net)

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