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Perspective: Q2 2017 Cap Rates Across Canadian Markets

Stuart Barron

Stuart Barron

National Director Research/Real Estate Finance

Phone +1 416 359-2652

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Modest cap rate compression in downtown Toronto was driven in part by upward pressure on Class A rental rates within a very tight CBD market and expectations of more of the same. Tenants will see little relief until 81 Bay Street and 16 York Street open for business in late 2020.