Canadian CRE transaction value hit $23.8B in Q1

Commercial real estate investment in Canada is experiencing a major resurgence in confidence, with an Altus Group report chronicling $23.8 billion in Q1 transaction activity.

The real estate analytics and research company said that figure, transacted across all major asset classes in Canada during Q1 2022, is a 52% hike from Q1 2021. Deal volume was up across all major asset classes with the exception of hotel transactions.

Just over 3,250 transactions were completed in the first quarter of 2022, a 25% increase compared with the same period of 2021.