Canada's residential, commercial, industrial and retail Real Estate sectors are expected to rebound with the economy in 2022. The economy is expected to continue to bounce back from the pandemic-driven correction in 2022, with output rising between 4-5% YoY.
It further predicts Canada's labour market will strengthen in 2022. With Canada's borders reopening and continued job growth, rental demand is forecast to gradually grow in 2022 and remain a preferred target for investors.
In the commercial Real Estate sector, office segment investment activity in 2021 was relatively muted given the uncertainty around pandemic. In 2022, most office-space tenants are expected to have employees return, putting tenants in a position to make decisions on longer-term leasing needs.