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ARTICLE · 22 JUNE 2023

What's Next In Office Financing In Canada?

Bennett Jones LLP
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Bennett Jones was pleased to host an oversubscribed NAIOP panel discussion on current issues in office financing, and I am happy to share my key impressions from what was a compelling and thoughtful dialogue.

CanadaReal Estate and Construction
Simon Crawford
Simon Crawford
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Bennett Jones was pleased to host an oversubscribed NAIOP panel discussion on current issues in office financing, and I am happy to share my key impressions from what was a compelling and thoughtful dialogue.

We are not our neighbours to the south. Our CRE relationship market, lower labour mobility and conservative banking system encourage a more stable and predictive future in commercial real estate sectors, including office. U.S. news headlines about empty office buildings simply do not translate into an understanding of key Canadian markets.

Super-core, close to transit, amenitized office properties continue to be excellent long-term investments. Those office assets that do not check one or more of these boxes may take longer to fill vacancies.

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