It appears that the slow first-quarter start in Canada’s commercial property investment market was a one-off in what remains a strong multi-year run for overall investment, according to a new report by Jones Lang LaSalle brokerage house.If the rest of 2019 remains strong, it’s possible the year could be on par with the sizzling pace of the previous four or five years, said Scott Figler, JLL’s national manager of capital markets research.
Buyer profiles are changing, pool is thinningMany of the large institutional investors and pension funds appear to believe we have hit the peak of the market. The market is approaching balanceThe hesitance by large investors is making room for smaller, private buyers in the market, Figler said. “Buyers have more power now than they did a year ago because the buyer pools are thinning out,” Figler said. “They are starting to demand more and more conditions. They have a little bit more say in the final price, and as that happens …, it’s the smaller groups that are willing to sit at the negotiating table for longer because they are more interested in acquiring those assets.”
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