Canadian CRE investment to remain strong: Morguard

RENX  Commercial  •  Office, Land, Industrial, Investment, Retail  •  National  •  December 27, 2018

The appetite for Canadian commercial real estate assets steadily increased in 2018 and it appears that mentality won’t change much in 2019, according Morguard Corp. The company’s 2019 Canadian Economic Outlook and Market Fundamentals Report indicates Canadian CRE remains attractive.

Land shortage, high prices, space squeeze: Ongoing theme in Vancouver

RENX  Residential, Commercial  •  Office, Apartments, Land, Industrial  •  Metro Vancouver  •  December 27, 2018

When PC Urban bought 4.5 acres in 2015 in South Vancouver for IntraUrban Business Park, it paid $2.3-million per acre. Today “there would be people who would try to pitch it at $8 million an acre,” said CEO Brent Sawchyn.

What’s in store for CRE market in 2019: CBRE

Commercial  •  BC Business  •  RENX

At the recent Western edition of CBRE’s annual Canadian Market Outlook in Vancouver, the real estate services firm combined bullishness about the year ahead with warnings the industry lags in embracing technological change.

18 N. American CRE trends to watch in 2019

Commercial  •  Bisnow

As 2019 approaches, Bisnow spoke with several industry execs, researchers and economists to uncover the major trends expected to dominate CRE. From the rise of opportunity zones to a slowdown in industrial absorption, these are 18 trends experts forecast for 2019.

Top 10 e-commerce trends for 2019

Commercial  •  Canada Newswire

Absolunet reveals the top 10 e-commerce trends that will impact North American retailers in 2019. The effects will be felt across the entire supply chain by brands, manufacturers, distributors, retailers and consumers alike.

Canadian RE trends promise to be game-changers

Residential  •  Shupilov.com  •  Western Investor

Canadian real estate trends in 2019 are expected to form in response to three social and technological movements: 1) The way people live and work; 2) The emergence of disruptive technology. 3) Uncertainty in economic markets.

Reasons to be optimistic about real estate in 2019

Residential  •  Financial Post  •  Globe and Mail (Subscription required)

For housing markets in Canada, 2018 has been a year of restraint. However, looking ahead to 2019, there are a number of potential outcomes to consider. The mortgage stress test was perhaps the most influential policy change that affected homebuyers in 2018.

Economists warn recession on the way: TREF

RENX  Commercial  •  December 27, 2018

Two highly respected economists offered different views of the severity of the next recession and its impact on real estate, but were in lock step on one point: the current cycle has run its course. (Published on RENX Nov. 29)

Alberta to face uphill battle, B.C to thrive: RBC

Commercial  •  Canada Newswire  •  Canada Newswire

Alberta and B.C. are expected to take diverging paths in 2019, according to the latest RBC Economic Outlook Report. Oil production cuts will contribute to a slow-down in growth for Alberta.

Three REITs that could land on top

Commercial  •  SmallCapPower

Canadian Apartment Properties REIT (CAR-UN-T) operates in the multi-unit resident rental space. Dream Office REIT (D-UN-T) manages more than seven million square feet of office space. Allied Properties REIT (AP.UN-T) has achieved a 29 per cent CAGR since 2003.

B.C. developers face new reporting requirements

Commercial  •  Mondaq

Effective Jan. 1, developers marketing real estate development properties located in British Columbia will be subject to new information collection, reporting, and document retention requirements with respect to assignments of purchase agreements.

Vancouver landlords will be the winners in 2019

Residential  •  Western Investor

B.C.’s housing recovery will be led by centres outside of the Lower Mainland, particularly in the Kamloops region and the north. In Metro Vancouver, the real winners in 2019 will be existing residential landlords who can expect high demand.

Winnipeg keeping 2019 impact fee hike a secret

Residential  •  Winnipeg Free Press

Winnipeg home-builders are anxiously waiting to find out how much the city’s impact fee will rise in the new year. The controversial fee currently adds roughly $5,300 to the cost of a small new home in the suburbs.

New dining habits present revenue opportunities

Commercial  •  Canada Newswire

A new report by Eagle Eye, a leading SaaS digital marketing provider, reveals a significant shift in Canadian consumer dining habits and their attitudes toward food and beverage brands, presenting new revenue opportunities for Canadian businesses heading into 2019.

How Canadian retailers will cater to impatient shoppers

Commercial  •  CTV

From incredible new technologies to never-before-seen levels of personalization, Canadian shoppers can expect to see retailers paying more attention than ever to customer convenience in 2019 as the fight for consumers’ dollars is only getting fiercer.

Kitimat, Terrace top list of best investment towns

Residential  •  Western Investor

U.S. HQ2 finalist markets expected to soar

Residential  •  PR Newswire  •  Forbes

A handful of metro areas that spent the past year competing for Amazon’s second headquarters are expected to see their home-value growth outpace the nation in the coming year, according to the 2018 Q4 Zillow Home Price Expectations Survey.

Institutional investors plan to up RE allocations

Commercial  •  National Real Estate Investor

Institutional investors plan to dedicate more of their funds to real estate next year, continuing a trend that has been seen since 2013, according to a survey administered by Hodes Weill & Associates, a real estate advisory firm.

Brokers predict positive U.S. CRE market

Commercial  •  CP Executive  •  CP Executive

Yet another good year is on the horizon for the commercial real estate market, according to Transwestern’s 2019 Broker Sentiment Survey, even in light of a few uncertainties. Transwestern queried brokers on expectations for office, medical office and industrial properties.

Brexit to test U.K. real estate market

Commercial  •  IPE Real Assets  •  IPE Real Assets

With the U.K.’s deadline to leave the EU just over three months away, all eyes on the U.K. real estate market and how it will behave when – or if – Brexit becomes a reality next year.

Housing market correction isn’t over: Analysts

Residential  •  Financial Post

Canada’s real estate market will likely see further correction in 2019, as fears of higher interest rates and stress tests continue to weigh on the sector, according to analysts.

CMHC expects housing starts and sales to slide

Residential  •  CBC  •  Canada Newswire

In its 2018 Housing Market Outlook, Canada Mortgage and Housing Corp. projects housing starts and sales are both expected to decline in 2019 and 2020.

Little relief in sight for Canadian housing affordability

Residential  •  Canada Newswire  •  Toronto Star

The coming year is unlikely to provide much housing affordability relief in Canada, according to the latest Housing Trends and Affordability Report issued by RBC Economics. The Bank of Canada is expected to hike interest rates further in 2019.

Urban hotspots set for subdued house-price rises: Poll

Residential  •  Reuters  •  Canada Newswire

House prices in Vancouver and Toronto will, at best, keep pace with inflation next year along with the national market, according to a Reuters poll of property market analysts, who said the days of huge price swings are over.

It’s time for families to embrace condo living

Residential  •  Newinhomes.com

According to a study, condos are not the ideal home for many Canadians. CMHC’s 2018 Housing Market Outlook foresees an increase in new home supply over the next couple years, but most of these new units will be high-rise condos.

Toronto condo boom likely to settle in 2019

Residential  •  Bloomberg

After a three-year non-stop party, Toronto’s condo market is likely to settle down in 2019, some of the city’s biggest developers say.

New condo developments point to Prairie market upturn

Residential  •  Western Investor

Battistella Developments, a homegrown Calgary builder, is bringing a 19-storey concrete tower out of the ground in the Beltline, aiming its 177 condominiums at the investor market.

Vancouver condo prices to plunge 26% by 2021: Analysis

Residential  •  Business In Vancouver  •  Globe and Mail (Subscription required)

Metro Vancouver’s average condo sale price will fall from its peak of $750,000 in 2018’s first quarter to as little as $550,000 by late 2021, according to a trend report from Dane Eitel of Eitel Insights.

Edmonton housing surplus, low prices to last

Residential  •  Global News  •  Edmonton Journal

An over-abundance of houses for sale in the Edmonton area could mean slower sales and lower prices until well into next year, according to the Realtor Association of Edmonton.

Montreal home price growth to surpass all major cities

Residential  •  Canada Newswire  •  Montreal Gazette

The median price of a home in the Greater Montreal Area is expected to see the largest gains of major metropolitan regions nationwide with prices expected to rise three per cent to $421,306, the Royal LePage Market Survey Forecast indicates.

B.C. homeowners can expect a mixed bag of property values

Residential  •  Western Investor  •  CBC

B.C. homeowners will see overall “signs of moderation” in their upcoming property assessments, with some parts of the province seeing declines and others considerable increases, according to B.C. Assessment.

B.C. home prices will flatline over next two years

Residential  •  Western Investor  •  Vancouver Sun

The next two years in B.C. residential real estate will continue to see lower sales and higher inventories of homes available for purchase than in recent years, according to a forecast by the Canada Mortgage and Housing Corporation (CMHC).

China’s CRE prices to fall next year

Commercial  • 

China’s commercial real estate, which has emerged relatively unscathed in the property market slump, could be hit further next year as investors and sellers face increasing liquidity pressure to offload their stock, according to investors and analysts.