Vancouver enjoys North America’s strongest demand across all asset types, ending 2023 with the lowest vacancy rates for industrial, office, multifamily and retail properties among 63 major urban markets.

Toronto and Vancouver posted the tightest industrial markets among major urban centres in Canada and the United States in the first quarter of 2023.

Food-anchored retail plazas remain a staple on the commercial real estate menu, again emerging as the preferred asset type in Altus Group’s survey of Canadian investment trends in Q2.

Canada’s two priciest rental housing markets fall toward the moderate end of the scale when mixed in with the largest urban centres in the United States.

Bill Lee leaves the legacy of a USD $14-billion firm with 1,300 employees in 65 locations throughout North America, including Toronto and Vancouver.

Luis Almeida joins Lee & Associates Toronto as a partner and senior vice-president of commercial real estate sales and leasing.

Lee & Associates Toronto is the firm’s second office in Canada.