2021 National Outlook for Canada

Although the disruption of the pandemic has been a catalyst for innovation and change, uncertainty and trepidation will hang heavily on occupiers and investors alike.

Canada’s commercial real estate market was challenged by the global pandemic’s emergence in early 2020; however, strong market fundamentals and robust government responses likely blunted the full impact that necessary containment measures inflicted on the national economy.

Although the disruption has been a catalyst for innovation and change, uncertainty and trepidation will hang heavily on occupiers and investors alike with winners and losers emerging across the country through 2021.

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