The highly anticipated 2024 Canadian Cost Guide is now available! Every year, this guide provides a comprehensive snapshot of construction costs in local markets across Canada, broken down by building type. Download your copy today. insights.altusgroup.social/wscd5

In our latest insight, Altus expert Marlon Bray shares his take on Canadian construction costs in the predicted short-term, mid-term, and long-term market. insights.altusgroup.social/4s986

Canada, as a whole, is battling incredibly slow government approval processes, a shortage of construction labour, and a higher interest rate environment. But these development hurdles are proving to be a long-term problem. insights.altusgroup.social/9xkcw

Commercial real estate investment volume fell to a combined $28.5 billion in the GTA and GGH from $41.2 billion in 2022, according to Altus Group data. There was also a geographic shift in companies completing major acquisitions. insights.altusgroup.social/jrywm

Overall investment in Canada was down by 35 per cent in 2023 versus 2022, according to data from Altus Group, the most significant percentage drop since the first year of the pandemic. insights.altusgroup.social/bcqhb

Edmonton inches forward with new zoning bylaw insights.altusgroup.social/g77mg

The soaring construction costs that have characterized Canadian real estate over the last few years appear to have moderated. But we may be in the relative calm before the storm. insights.altusgroup.social/9e5av

Construction costs loosened their tight squeeze on the Canadian development sector in 2023 and may ease up further over the next 12 months, according to the 2024 Cost Guide released Wednesday by Altus Group.    insights.altusgroup.social/zhvuw

Register today for the 2024 ARGUS University Challenge! Students gain the opportunity to participate in a powerful and compelling competition to enhance their knowledge of ARGUS Enterprise and test their mettle as aspiring real estate professionals. insights.altusgroup.social/8mv7k

Industrial construction continues to be one of Canada’s most reliable building sectors with record completions in Q4 2023, balanced fundamentals and anticipation of robust demand going forward. insights.altusgroup.social/5je6t

The Greater Toronto Area (GTA) reported $22.8 billion in dollar volume for 2023, down about 25% compared to 2022. Despite this slowdown, Toronto remains one of the top three preferred markets amongst investors, along with Vancouver and Ottawa. insights.altusgroup.social/y5hr7

Join Altus on Feb 28th for a panel discussion with top industry experts from AIMCo, Epic Investment Services & Manulife, where they will discuss valuation challenges they've had to confront, and how benchmarking has been a “game changer” for dealmakers. insights.altusgroup.social/8rmmt

Altus introduces the Pan-European Valuation Dataset for the European commercial real estate industry. The analysis brings together valuation data from across the region to provide quarterly insight into how and why property values are changing. insights.altusgroup.social/2bn4c

Don't miss the Q4 2023 edition of our Australian construction material price outlook, which combines market intelligence with a range of reliable and robust data sources to identify (and expand upon) key trends for construction materials and commodities. insights.altusgroup.social/9nm6w

Don't forget to check out our Q4 2023 Ottawa CRE market which includes overall cap rates and notable property transactions across asset classes. insights.altusgroup.social/zmjhx

According to Altus Group’s latest NCREIF ODCE index analysis, the yield effect was the major driver of the negative quarterly returns, as discount rate and exit yield assumptions were clearly stepped up in an order of magnitude, across all property types. insights.altusgroup.social/29f4w

Altus Group's Ray Wong recently joined the Ready to Real Estate podcast to discuss TRREB’s 2024 Market Outlook Year in Review report. Listen in here: insights.altusgroup.social/9bdzz

The Greater Golden Horseshoe market reported nearly $8 billion transacted in 2023, a 28% decrease compared to 2022, with all sectors observing a decline in transaction volume in Q4 2023, except for ICI land and hotel. insights.altusgroup.social/pu73h

Climbing interest rates and inflationary pressures in the first half of 2023 largely contributed to the slowdown in market activity across the Greater Golden Horseshoe (GGH). All sectors observed a decline in transaction volume in Q4 2023. insights.altusgroup.social/5yyge

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