Interest Rates Low for Q3 in Vancouver, BC
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Strong Demand and Low Supply Keeps Vancouver’s CRE Prices High
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(Posted on May 12, 2016 at 10:41PM by Michelle Bogle)
Despite uncertainty in Canada's economy, a number of Vancouver’s real estate assets continue to receive strong interest with investors, especially in the industrial class.
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In fact, the Greater Vancouver Area continues to see a strong performance with industrial availability rates holding steady at 4.1%, despite 1.1 million square feet of newly created space at the beginning of the year.
As a result, demand for space in industrial properties has continued to match or exceed supply, leading to increased commercial real estate prices.Â
As a result, demand for space in industrial properties has continued to match or exceed supply, leading to increased commercial real estate prices.Â
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The low Canadian dollar, historically low interest rates, dropping energy prices and the belief that Canada’s industrial sector offers stable returns has made Vancouver highly attractive to foreign investors.
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This growth is also largely being driven by an increase in e-commerce, as demand for warehouse and distribution facilities continues to rise.
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Robust growth in this asset class in expected to continue to rise over the coming years. If an industrial real estate investment is in your near future, please contact our office to speak with one of our skilled advisors.Â
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