CRE Prices Continue Healthy Gains, Says RCA
[{"id": "fbwfgpt", "text": "Toronto is going to have a crazy 2020", "replies": [{"id": "fbwi8rj", "text": "whats the going on there?", "replies": [{"id": "fbwijtn", "text": "Record low vacancies for all asset types, sky rocketing rent for industrial, office, and multi family. Low supply high demand", "replies": [{"id": "fbwiqif", "text": "is it recent or has it been that way for years? also, whats the reason for that happening?", "replies": [{"id": "fbwlmr6", "text": "Been a steady rise for multiple years now. Reason being is we have 70,000 people moving here every year. In terms of multi family, new developments take a 5+ years to go through zoning and city approvals so there\u2019s a supply issue.\n\nIn terms of office, tech has been strong + businesses moving to Toronto from other cities.\n\nIndustrial is experiencing the same story as everywhere else, further propelled in Toronto by the growing population.", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "fbwzziu", "text": "I\u2019m skeptical of \u201chealthy.\u201d But then, any prediction is 50% right.", "replies": [], "depth": 1}, {"id": "fby3gf9", "text": "Prices continue healthy gains, but transaction volume is on the decline.", "replies": [], "depth": 1}]