Cushman & Wakefield LePage's Outlook '09 and Annual Market Review was conducted in 11 Canadian markets, and captures both quantifiable data and the qualified opinions of those working in the market, covering the office, industrial, retail and investment sectors. It also provides forward looking statistical projections for the 2009 market.
"There remains little doubt that Canada is headed towards a recession stretching into at least the first quarter of 2009," said Pierre Bergevin, President and CEO of Cushman & Wakefield LePage. "However, we don't expect to see any radical market corrections in Canadian commercial real estate - thanks to solid lending practices and conservative development strategies over the past decade."
