COVID-19 Contributes to Rise in Bond Rates and Institutional Investors
41 sec read
The COVID-19 pandemic has caused a series of unfortunate events within many industries across the country. This, however, seems not to be the case for the commercial real estate market, as bond rates had a 100-basis point slide over the course of the pandemic.
Colin Johnston of Altus Group tracked the growing rate of 10-year bond yields and real estate returns, which favoured real estate in early September. This has caused great interest in institutional investors across the country, with high demand for industrial, land and apartment buildings.
Industrial and multi-residential properties account for nearly 42 percent of Canada-wide investment sales value, primarily in Vancouver, Toronto and Montreal, during the first eight months of 2020, with an evident sales volume increase.
Learn more about how the rise of bond rates and institutional investors go hand in hand.
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