Higher interest rates continue to dampen enthusiasm for commercial real estate, both CBRE and Colliers note in second-quarter reports exploring cap rates and market conditions for different asset classes and markets across Canada.
Of all the new homes built during the past decade, only 11 per cent were rental units. With hundreds of thousands of new Canadians aspiring to call Toronto ‘home’ by 2025, our housing affordability crisis seems to remain as severe as ever.
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