11 Sep

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Posted by: James Moysey

A strong local economy which has seen employment growth of over 8% over the last year in the Montreal area has had a positive impact on the commercial real estate market as well as many other of the Montreal area economic indicators. Growth in employment in such sectors as information technologies, health science and professional services as well as the substantial investment in many major infrastructure projects have contributed to a solid 2% increase in the GDP and the lowest unemployment rate in over thirty years.

The real estate market continues to benefit from the very low interest rate environment and coupled with the economic growth the effect has been positive on both the industrial and office markets who have both seen vacancies decrease and values remain very strong. The residential market has also benefited from the aforementioned positive indicators and the outlook remains one of optimism for the balance of this year and moving into 2018.

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