2021 Canadian CMBS Market Outlook
With the unexpected Coronavirus Disease (COVID-19) pandemic that negatively affected commercial real estate activities throughout 2020, the Canadian CMBS market finished the year with only one transaction closed despite the performance of the outstanding loans remaining stable. DBRS Morningstar expects the Canadian CMBS volume in 2021 to remain lower than recent historical levels but to exceed 2020 issuance. Concern for the retail and hotel asset types is expected to continue into 2021 with increasing caution in the office market, as growing uncertainty for the future of the workplace will likely shift the demand for office space. Geographically, Alberta—specifically Calgary—remains the most challenging market because of the province’s heavy reliance on the weakened oil and gas industry. DBRS Morningstar will continue to closely monitor the development of these submarkets.
DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.
Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.