1、1CBRE RESEARCH 2025 CBRE LIMITEDIntelligent InvestmentCanada Real Estate Market Outlook 2025REPORTIntelligent InvestmentCBRERESEARCH JANUARY 20252025 Canada Real Estate Market Outlook2CBRE RESEARCH 2025 CBRE LIMITEDIntelligent InvestmentCanada Real Estate Market Outlook 2025The Next ChapterCanada fi

2、nds itself at an inflection point on many fronts politically,economically,and on social issues such as housing affordability and congestion.In spite of these very real challenges,Canada remains a growth play.The country ranks among the top G7 nations in GDP,population and employment growth over the

3、next five years,all of which are highly correlated with demand for all types of commercial real estate.2025 is poised to be a year of increased activity.The cost of capital crisis will finally begin to ease and,contingent on global bond market conditions,investment and leasing activity will increase

4、 in the year ahead.Leasing fundamentals are improving on the whole,though Canada has seen significant amounts of new supply in the office,industrial and residential sectors which will take time to work through.CBRE Research stands ready to help clients succeed in 2025.Please contact us at any time.M

5、arc MeehanManaging Director,ResearchExecutive Summary Economy-Despite modestly lower economic growth forecasts as a result of immigration curbs,Canadas longer term outlook remains solid compared to the G7 and favourable for commercial real estate demand.Capital Markets-Sentiment has been improving a

6、nd stronger investment activity is expected in 2025 as more capital is drawn off the sidelines.Cap rates for some asset classes are likely to start modestly compressing,but subject to global bond market conditions.Debt Markets-Debt availability is expected to improve,however,lenders will remain sele