Many challenges facing Canada's development land market
Canadian development land sales peaked at around $30 billion in 2022, dropped to $16.5 billion in 2023 and are on pace for about $10 billion this year.
Canadian development land sales peaked at around $30 billion in 2022, dropped to $16.5 billion in 2023 and are on pace for about $10 billion this year.
Investment sales dropped over 55 per cent across four major asset classes in Canada’s largest markets in Q1 2024, according to Morguard Corporation’s 2024 Canadian Economic Outlook and Market Fundamentals First Quarter Update.