Paul Morassutti

New office supply poses backfill challenges

Canadian Property Management

New office supply poses backfill challenges

An influx of new office supply was always expected to shake up the status quo in the downtown Toronto market given that approximately two-thirds of the 8+ million square feet of space currently under construction is already preleased.
Climate risk infuses real estate investment agendas

Canadian Property Management

Climate risk infuses investment agendas

Canadian commercial real estate assets are comparatively less exposed to the dire physical threats that extreme weather poses or has already served up in other global regions.
Life sciences growth potential flagged

Canadian Facility Management & Design

Life sciences growth potential flagged

Real estate analysts point to burgeoning momentum in Canada’s strong research institutions, increasing calls for domestic production capacity and the STEM job creation engine.
Canada's tech talent hubs are riding a wave of nationwide job growth since 2014

Canadian Property Management

Five-year gains buttress tech talent hubs

Nearly 900,000 workers in technology sector positions comprise about 5.6 per cent of the Canadian labour force and are making their presence felt in the real estate markets of large and mid-sized cities alike.
Office vacancies increase in all major Canadian markets during the third quarter of 2020

Canadian Property Management

Office vacancies on par with recessionary events

Canada-wide, CBRE pegs the total office vacancy rate at 12 per cent across the nine major markets it surveys, ranging from a low of 5.4 per cent in Vancouver to nearly 26 per cent in Calgary.
investment

Canadian Property Management

Investment deal resumption foreseen for Q3

Static cap rates reflect limited transactions in the second quarter of 2020, but commercial real estate analysts express confidence that asset values are holding under COVID-19-related pressures.
Solid pre-pandemic fundamentals underpin Canadian real estate market

Canadian Property Management

Solid pre-pandemic fundamentals buttress market

Thus far, in most markets, there’s been no spurt of office sublets or rent discounts that conventionally signify an economic downturn, but there has been a flurry of conjecture about the forces COVID-19 may have unleashed.
significant turbulence upends first quarter results

Canadian Property Management

Significant turbulence upends Q1 outcomes

Office landlords could be focused on issues around rent deferrals and mechanisms for payment support well into Q2, while social distancing imperatives have accentuated somewhat diametrical trajectories for industrial and retail properties.
Northview portfolio

Canadian Apartment Magazine

Low yields not deterring multifamily investment

Multifamily assets delivered the lowest income return of the property sectors to institutional investors in the Canada Property Index last year, but produced strong total returns on a foundation of 7.3 per cent capital growth.
multifamily cap rates

Canadian Apartment Magazine

Investors chase down multifamily cap rates

Investment market dynamics stayed on trend in the third quarter of 2019, meaning that multifamily cap rates continued to compress. CBRE pegs the national average for Class A high-rise buildings at 3.82 per cent.
co-working

Canadian Facility Management & Design

Canada’s office co-working market booming

It's a Canadian co-working revolution, and it's transforming the office landscape. According to from CBRE, flexible office companies have expanded their office leasing footprint by 303% since 2014.
energy management

Canadian Property Management

Canadian cities fertile for tech job growth

The rankings reflect CBRE's assessment of each market's competitive appeal based on 13 variously weighted indicators that collectively present a picture of employment trends and other factors helping to attract and sustain a tech labour force.
pace of change

Canadian Property Management

Pace of change still sluggish for women in CRE

Commercial real estate is a notable multidisciplinary industry that increasingly risks a notorious reputation for the largely uniform composition of its leadership ranks.
rethinking real estate

Canadian Apartment Magazine

Stigma fuels case for rethinking real estate

Much of the current negative sentiment relates to the emergence of informal rooming houses in predominantly single-family residential areas near suburban post-secondary campuses.
risks to commercial real estate

Canadian Property Management

Balancing the risks to commercial real estate

Senior ranking valuation specialists agreed that new uncertainties around fraying trade agreements, political instability and climate volatility have broadened the scope of their worries well beyond rising interest rates.