AGP Executive Report
Last update: 7 hours agoHousing and Rates: The Bank of Canada raised its key rate by a quarter-point to 2.5%, its first hike since 2023. Higher mortgage costs could further slow home sales and stall the GTA’s recovery. Commercial Property: Private investors now lead Canadian commercial real estate equity as institutions sell assets. JLL sees investment volumes picking up, with seniors housing and data centres drawing interest. In parts of Metro Vancouver, retail vacancies are below 1%, pushing investors toward established plazas as high costs curb new development. Construction: Aecon’s third-quarter profit rose to $52.9 million, revenue climbed 26% to $1.92 billion and its backlog reached a record $14.6 billion.
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