Commercial Real Estate Industry Conditions and Sentiment Survey Q4 2024

This document is a report detailing the findings of the Commercial Real Estate (CRE) Industry Conditions and Sentiment Survey for Q4 2024 in Canada. Conducted by Altus Group’s Research Team, the survey aimed to capture market sentiment, conditions, metrics, and issues affecting the CRE industry. The survey included 240 respondents from at least 79 different firms, providing insights into current conditions and future expectations. It outlines the competitive landscape, with 69% of respondents describing competition as balanced, while 23% view it as fierce. The report also discusses capital deployment priorities, with 22% of respondents indicating that deploying capital is their top focus for the next six months. Additionally, it presents expectations for key cash flow and valuation metrics, noting a stabilization trend among Canadian respondents. The report concludes with observations on property pricing perceptions and the impact of interest rate changes on financing terms.