EXECUTIVE SUMMARY Regardless of current inverted bond yields and Canada’s economic contraction of GDP in Q3, Metro Vancouver and the Fraser Valley continue to be a robust place for commercial real estate because of the need for housing and the opportunity for investment in performance assets such as multifamily rentals. With interest rates now flattening … Continued

INTEREST RATES Canada’s Overnight Rate climbed steadily to 4.50%; a level not seen since November 2007. With short-term rates rapidly and artificially propped up, Canada’s yield curve has become inverted over the past several quarters, indicating a very likely upcoming policy-induced recession. Source: Impact Commercial INFLATION Inflation is trending down overall, but it remains elevated … Continued