Re/Max Canada's 2024 Commercial Real Estate Report, which examined the dozen markets during the first quarter of this year, said multi-family and industrial real estate were the top-performing asset classes in all cities.
But due to Canada's growing population, which now tops 40 million people, the efforts to boost residential construction are still not enough, said Re/Max Canada president Christopher Alexander. It also highlighted trends such as a hospitality industry that "has roared back to life" in many regions, and strong demand for industrial real estate across Canada.
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