Metro Vancouver, B.C. see mixed results in commercial real estate for 2016: CBRE executive

November 9, 2016 6:27 pm

the vancouver sun

A surprise tax slapped on foreign property buyers by the provincial government. A severe shortage of industrial space across Metro Vancouver. A stronger than expected downtown office market.

Any way you look at it, 2016 has been a mixed-bag for commercial real estate in this city and the province.

Paul Morassutti, executive vice-president and managing director of CBRE in Canada, discussed those issues and more at the Vancouver Real Estate Strategy and Leasing Conference on Nov. 1 with a keynote speech focused on the outlook for real estate in B.C. and in Canada. The following are excerpts from his presentation and a one-on-one interview with Postmedia News:

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