BentallGreenOak (BGO) remains optimistic about the prospects for Canadian commercial real estate over the
longer term, says Phil Stone, a principal and its head of Canada Research. He told the Benefits and Pensions Monitor ‘Perspective on Canada’s Commercial Real Estate Market for 2021’ webinar that there are a number of economic, capital market, and technological forces that are shaping the real estate landscape. While many of these trends aren’t new, they have been accelerated by the pandemic and have risen to the forefront.
The economic recovery is currently uneven and, because of this fragile economic backdrop, interest rates are expected to remain lower for the foreseeable future.