BURSTING AT THE SEAMS

With no new supply forecasted for 2013, Calgary’s currently continually thriving commercial market might have to look beyond downtown for real estate.

According to a 2013 market outlook by CB Richard Ellis (CBRE), Calgary’s sq. ft. absorption for the end of the year is a forecasted 2.13 million sq. ft. with an expectation of decreasing to 0.04 million sq. ft. in 2013 because of the lack of new product.

Read more: http://tinyurl.com/cgz7od9

 

Canada Ranked among Top Two most Sought After Investment Destinations both by Local and Foreign Real Estate Investors, but Opportunities Remain Scarce

Toronto, December 13, 2012 – As the global economy is plowing through challenges and uncertainties still lingering from the last recession, Canadian commercial real estate investors are optimistic about market conditions, yet somewhat cautious about taking on more risk, according to Colliers International’s 2012 Global Investor Sentiment Survey. Although the Investor Sentiment Index rises to 104.1 points over the five-year time frame, which indicates a positive stance, less than half (45%) of respondents said they are likely or highly likely to move up the risk curve to reap better yields. This risk tolerance level is lower than the one expressed by investors last year when nearly two-thirds (64%) of Canadian investors were willing to take on more risk.

Read more: http://tinyurl.com/bnmzyxo