• PROVIDING A STRATEGIC ADVANTAGE Through Technology & Processes
  • EXPERIENCE QUALITY Under One Brand with A Single Point of Control
  • UNITING LOCAL COMMERCIAL Real Estate Experience with Global Execution
  • DELIVERING RESULTS Through Collaboration & Integration

Canada

Canada

Canada is the largest country area wise on the North American continent and is the second largest in the world. Canada maintains a diversified economy that is heavily reliant upon its abundant natural resources and upon trade—particularly with the United States. Canada’s major cities are typically located in the south, within 90 miles of the US border. Immigration is a major contributor to population growth causing Canada to have the highest per capita immigration rate in the world. Canada's major cities of Toronto, Vancouver, Quebec, Montreal and the capital Ottawa have all benefited from the high immigration rate.

Canada's market is dominated by companies looking to sub-let space at a reduced rate and occupier demand has decreased as is the case with most westernized countries feeling the effects of the global financial crisis. Net rental rates are continuing to drop in the primary commercial markets and with a new supply of over 8 million square feet entering the market in 2009 the current trend is predicted to continue in the near term. Vacancy rates will also be on the rise as the absorption rate has dropped prior to the new developments coming to completion.

 

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Montreal
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