In this January 2025 edition of our Briefcase, we’re excited to present a curated selection of articles and insights highlighting key trends and developments in Canada’s commercial real estate sector. From the ongoing impact of immigration on the skilled labor market to innovative investment strategies shaping commercial property opportunities, these resources provide valuable perspectives on the factors influencing decisions nationwide.

News and Articles

Stay informed with this curated collection of insightful reads exploring key trends and pressing issues across real estate, economics, and public policy. From deep dives into hotel brand performance and Canada's multiplex investment opportunities to thought-provoking analyses of economic challenges and housing solutions, these articles provide a diverse perspective on the challenges and opportunities shaping our future. Whether you're seeking updates on luxury retail ownership changes, urban transformation projects, or Canada's global standing in education and living standards, this roundup offers a comprehensive look at critical topics for 2024 and beyond.

• Hotel Brand Performance - 2024 | CBRE (12 minute read)

• Canadian Real Estate Forum - Winter 2024 (47 minute read)

• Finding the 'missing middle' - Multiplex investment and development | Renx (5 minute read)

• Changes in Ownership - The Impact of Evolving Real Estate Strategies for Luxury Retail | Cushman & Wakefield (4 minute read)

• David Polansky - You need to be angrier, Canada - The Hub (4 minute read)

• Fen Osler Hampson and Tim Sargent : Don’t shoot yourself in the foot—and five other rules for negotiating with Trump - The Hub (4 minute read)

• Fraser Institute - Canada’s living standards are falling behind the rest of the developed world - The Hub (2 minute read)

• Financial stress could define 2025 as 70 percent of Canadians believe the economy is in recession - The Hub (4 minute read)

• Jake Fuss and Jason Clemens - Why big government keeps getting bigger - The Hub (3 minute read)

• Livio Di Matteo - Justin Trudeau’s disastrous economic legacy in six charts - The Hub (4 minute read)

• Mike Moffatt - The solution to the housing crisis is simple - Increase the freedom to actually build homes - The Hub (3 minute read)

• Montreal waterfront area gets a billion-dollar transformation | The Globe and Mail (4 minute read)

• Patrick Luciani - Is ignorance really bliss? - The Hub (4 minute read)

• Paul W. Bennett - Canada is losing its education edge - The Hub (4 minute read)

Trends

The following articles provide valuable insights into the current and projected landscape of Canada's real estate and investment sectors. From the 2025 outlook for the Canadian real estate market to trends in commercial real estate investment, these pieces offer a comprehensive overview of key market developments. The articles also dive into regional specifics, with a focus on Toronto’s condominium market and the broader Canadian investment scene. For anyone navigating the dynamic real estate market, these reports present essential information for making informed decisions.

• 2025-Canada-Real-Estate-Market-Outlook | CBRE (77 minute read)

• Canada_Investment_Overview - 2024 Q3 | CBRE (22 minute read)

• Toronto condo prices expected to continue to drop in 2025 - Bullpen | Renx (4 minute read)

• Canadian CRE Investment Trends - Q3 2024 | Altus (5 minute read)

Policy

In today's ever-evolving real estate landscape, understanding the forces shaping both residential and commercial markets is crucial. From the shifting dynamics in housing affordability to the impacts of immigration policy on housing demand, these articles offer insights into key trends in Ottawa and across Canada. "The Conversion Conundrum" delves into the potential for converting office spaces, while CMHC explores the path to pre-COVID housing affordability. Meanwhile, RENX looks ahead to 2025 with an eye on emerging opportunities in commercial real estate. Lastly, articles from The Globe and Mail and Financial Post reflect on how recent cuts to immigration targets will influence population growth and the housing market. Together, these pieces provide a comprehensive view of the factors influencing Canada's real estate future.

• The Conversion Conundrum - An Ottawa Perspective | CBRE (13 minute read)

• Aiming for pre-COVID housing affordability levels makes sense | CMHC (4 minute read)

• Commercial real estate in Canada 2025: Opportunities in a changing policy environment | RENX
  (4 minute read)

• Big drop in immigration targets will cut population, reduce need to build more homes, Ottawa says | The Globe and Mail (4 minute read)

• Ottawa's immigration target cuts take business by surprise | Financial Post (5 minute read)

US

In this collection of insightful articles, industry experts delve into the latest trends and forecasts shaping the commercial real estate (CRE) market. The reports on employment for January and December 2024 from Marcus & Millichap provide a concise overview of the employment landscape and its impact on CRE. Meanwhile, Cushman & Wakefield offers a deeper analysis with the Chief Economist’s Perspective, which highlights the evolving dynamics of CRE, followed by a focused discussion on master-planned communities and their potential for lower risk and higher reward in today’s market. Each piece offers valuable perspectives for navigating the current CRE environment.

• Employment January 2025 | Marcus & Millichap (2 minute read)

• Employment December 2024 | Marcus & Millichap (2 minute read)

• Chief Economist’s Perspective - The Tide Is Turning for CRE | Cushman & Wakefield(12 minute read)

• Master-Planned Communities - Lower Risk, Higher Reward? | Cushman & Wakefield (3 minute read)

Data

In this collection of reports, we explore key insights from various sectors of Canada's real estate and housing markets, with a focus on Ottawa and broader trends for 2024. From the latest analysis on tech talent and office space trends in Ottawa, to updates on Canadian cap rates and housing starts, these articles provide essential data for investors, developers, and real estate professionals. Whether you're looking to understand the impact of foot traffic recovery in downtown Ottawa or the shifts in the rental market, this roundup offers a comprehensive view of the current landscape.

• Scoring Tech Talent - 2024 | CBRE (131 minute read)

• Foot Traffic Recovery in Downtown Ottawa - 2024 | CBRE (7 minute read)

• Ottawa Office Figures - 2024 Q4 | CBRE (1 minute read)

• Canadian Cap Rate Report - 2024 Q3 | CBRE (46 minute read)

• Rental Market Report - 2024 Fall | CHMC (67 minute read)

• Monthly Housing Starts Tables - 2024 Dec | CMHC

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