commercial real estate sector is poised for recover/growth - Multi-suite residential rental fundamentals will gradually strengthen during 2022, as demand is bolstered by increased immigration and loosening of pandemic restrictions
- Office property investment activity remained relatively muted over the recent past, due primarily to the sector's somewhat uncertain outlook.
- Industrial real estate is predicted to continue outperforming in 2022, keeping with the trend of near record-low availability rates over the past few years
- Retail property sector fundamentals are expected to gradually stabilize over the near term
MISSISSAUGA, ON, Dec. 21, 2021 /CNW/ - Morguard Corporation ("Morguard") (TSX: MRC) today released its 2022 Canadian Economic Outlook and Market Fundamentals Report, providing a detailed analysis of the 2021 Canadian real estate market as well as trends to watch for in 2022. Morguard's 24th annual edition revealed that investment performance remained strong in 2021 for industrial and multi-suite residential rental properties. Office and retail showed signs of stabilization due to efforts to reduce the spread of COVID-19 and the subsequent easing of some restrictions. For 2022, Morguard forecasts increased investor activity following the anticipated post-pandemic full economic reopening. The full report with regional insights and video is available at morguard.com/research.
"Multi-suite residential rental and industrial properties are anticipated to continue outperforming when compared to office and retail assets," said Keith Reading, Director, Research at Morguard. "As the economic picture improves in 2022, investors will broaden their investment horizons in 2022 by looking to increasingly acquire office and retail assets."