Morguard Outlook Largely Positive
Investment and rental market trends in Toronto’s property market will be largely positive over the near term. Morguard’s Keith Reading says property values should range near peak for well-leased assets in prime locations. “Performance is being buoyed by ongoing access to relatively low-cost debt and equity funds,” he says. Morguard points to the potential for “modest growth” in rents in the retail and multifamily rental sectors due to a lack of vacant space. Industrial leasing continues as the star performer, with demand outpacing supply. For more, check out Morguard’s 2014 Canadian Economic Outlook and Market Fundamentals Research Report, which came out today (as if you didn't already have the release date on your calendar).