The future of commercial real estate is being debated as CRE investment slows in Canada.
Investment sales volume has declined, going from $12.3 billion in Q1 2023 to $8.5 billion in Q1 2025, a 31 per cent decline, according to a May 1 report from Altus Group Ltd.
Investment sales volume reflects sales across the country of primarily income-producing assets in commercial and multi-family real estate.
Co-author Robert Santilli, valuation advisory director with Altus, attributed the contraction to a mismatch between buyer and seller expectations.
“That’s a consequence of bid-ask spread between what buyers want to pay for a property and what the sellers are looking for,” he said.
Santilli
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