Canadian commercial real estate continues to show strength
Moody’s Investors Service said Canadian commercial real estate remains strong and continues to outperform commercial real estate in the United States.
In its latest Red-Yellow-Green (RYG) report for Canada, the ratings agency said each of the five market sectors in the country is ‘green’, that is strong, and shows greater strength than its US counterpart, with the sole exception of the commercial retail sector.
Moody’s (nyse: MCO – news – people ) said there are no red or weak markets in Canada, compared to a small number of red markets in US office, industrial and multifamily markets.
It said the composite score for all property types in Canada dropped slightly to 85 from the previous six-month period 87, but, is still well positioned in ‘green’ territory.