Morguard Corporation recently released its 2023 Canadian Economic Outlook and Market Fundamentals Report, offering a detailed analysis of Canada’s commercial real estate market in 2022 and trends to watch for in 2023.

The 25th annual edition stated that Canada’s multi-suite residential rental sector bounced back strongly from the pandemic downturn. Demand will continue to trend positively in the near term.

“Investor confidence will remain strong in the multi-suite residential and industrial segments given the sectors’ healthy performance track record during economic downturns,” said Keith Reading, Director, Research at Morguard. “That said, commercial property performance risk will remain elevated in 2023.”

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