Canada Investment MarketView Q2 2019
•National investment volumes totalled $11.8 billion over 1,869 transactions in Q2 2019. While the market had a slow start to the year, investor sentiment rebounded as the quarter progressed and, based on the current sales pipeline, volumes for the remainder of 2019 are expected to be in line with the record quarters seen in previous years.
•The three most active asset classes by total volume in Q2 2019 were the office, multifamily and industrial sectors which saw acquisitions total $3.7, $2.6 and $1.8 billion, respectively.
•The three largest transactions in Q2 2019 were the sale of the Atrium on Bay in Toronto to TD-Greystone and KingSett for $640.0 million, the sale of 1250 René-Lévesque Blvd W. in Montreal to Sun Life Assurance and Bentall Kennedy for $605.0 million and the sale of the Bentall Centre in Vancouver.
•Institutional Firms and Private Canadian Investors were the primary purchasers in Q2 2019 each accounting for 26% of acquisitions.