Canadian commercial real estate investment could reach high of $59B in 2023: CBRE

The outlook for commercial real estate looks bumpy in the near term, but a soft landing could still be in the cards.

CBRE's Canada Real Estate Market Outlook forecasts challenges such as tougher financing conditions and a potential economic slowdown inhibiting some investors.

The commercial real estate company expects one to two quarters of slowed investment before activity rebounds in the spring.

It says large investors are targeting real estate and that more certainty for interest rates should be a boon for the industry over the long-term.