Low Quality Product Prices in Secondary and Tertiary Markets Decrease in Q2 2019: CBRE Canada Report

Growing pains persisted across the retail sector in Q2 2019 as the market prepared for the insertion of E-commerce, says CBRE Canada in their Q2 2019 Canadian Cap Rates & Investment Insights report.

According to CBRE Canada, the asset class has become stratified across both asset type and geography.

Pricing for lower quality product in secondary and tertiary markets continued to fall over the second quarter, and the investor pool outside of core markets proceeds to decrease.

Markets in Montréal, Québec City, and Saskatoon saw retail yields increase in Q2 2019, while Winnipeg was the only market to see retail cap rate compression.

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