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Weekly Morguard Research Newsletter 

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2023 Canadian Economic Outlook & Market Fundamentals Report Q4 Update

Morguard has released its 2023 Canadian Economic Outlook and Market Fundamentals Fourth Quarter Update, offering a detailed analysis on the real estate market performance in the fourth quarter of 2023 and its outlook for 2024. The report found that multi-suite residential rentals, industrial properties, and retail spaces displayed resilience in their performances. Notably, investors demonstrated confidence in these sectors with their positive performance characteristics. Overall, Canadian consumer spending growth is expected to strengthen in the second half of 2024, driven by anticipated lower interest rates, reduced inflation, and increased economic activity.

2024 Annual Canadian Economic Outlook & Market Fundamentals Report

Morguard’s 2024 Canadian Economic Outlook and Market Fundamentals Report presents a detailed analysis and insights into the anticipated trends in Canada’s real estate landscape and economy for the upcoming year of 2024.

The multi-suite residential rental market is expected to maintain its positive momentum in the near term due to the ongoing demand-supply imbalance, while the industrial leasing market outlook is projected to remain healthy, following the record-setting performance of recent years.

After the steady recovery and stronger-than-anticipated retail sales growth and foot traffic in mid-2023, the retail property sector is expected to remain stable.

Canada’s economic growth trend is forecasted to strengthen in the second half of 2024 and stabilize in 2025 as interest rates decline.

2023 Annual Canadian Economic Outlook & Market Fundamentals Report

Morguard’s 2023 Canadian Economic Outlook and Market Fundamentals report offers a detailed analysis of Canada’s commercial real estate market in 2022 and the trends to watch for in 2023. The 25th annual edition of the report revealed that investor confidence in the multi-suite residential rental and industrial sectors remained strong throughout 2022 and will continue trending positively in the near term as a result of high demand. Office and retail will continue to show signs of stabilization due to a generally positive leasing outlook. Morguard forecasts strong investor activity in the multi-suite residential and industrial sectors in 2023, while commercial property performance risk will remain elevated. The report is published yearly with quarterly updates and is developed based on our experience in property management, Canadian REITs and property investment.

 

Download a copy of the 2023 Quarterly Updates: Q1 | Q2 | Q3

2023 U.S. Economic Outlook & Multi-Suite Residential Rental Market Fundamentals

Morguard’s 2023 U.S. Economic Outlook and Multi Suite-Residential Rental Market Fundamentals Report provides a detailed analysis of the U.S. real estate market during the second half of 2022 and trends to watch for in 2023 and beyond. The report revealed that multi-suite residential rental sector returns will trend lower in the near term. With modest rent increases expected in 2023 and into early 2024, investors can remain hopeful for attractive returns on the horizon for the sector in 2023.

 

Download a copy of the 2023 Updates: Mid-Year

2022 Annual Canadian Economic Outlook & Market Fundamentals​​ Report​

The 2022 Canadian Economic Outlook and Market Fundamentals Report from Morguard provides a detailed analysis of the 2021 Canadian real estate market as well as trends to watch for in 2022. The report, Morguard’s 24th annual edition, revealed that investment performance remained strong in 2021 for industrial and multi-suite residential rental properties. Office and retail showed signs of stabilization due to efforts to reduce the spread of COVID-19 and the subsequent easing of some restrictions. For 2022, Morguard forecasts increased investor activity following the anticipated post-pandemic full economic reopening. The report is published yearly with quarterly updates and is developed based on our experience in property management, Canadian REITs and property investment.

 

Download a copy of the 2022 Quarterly Updates: Q1 | Q2 | Q3Q4

2022 U.S. Economic Outlook & Multi-Suite Residential Rental Market Fundamentals

Morguard’s 2022 U.S. Economic Outlook & Multi-Suite Residential Rental Market Fundamentals Mid-Year Update provides a detailed analysis of the U.S. real estate market during the first half of 2022 and trends to watch for in the second half of 2022 and beyond. The update revealed the multi-suite residential rental sector rebounded strongly from the pandemic-induced slowdown. It anticipated that over the near term, the sector will settle into a more moderate recovery pace with demand remaining stable and healthy. The U.S.-focused report also features national and regional trends for multi-suite residential rental properties, as well as a forecast of the sector’s expected performance. 

 

Download a copy of the 2022 Updates: Mid-Year