Commercial real estate in Canada is strong and outperforming commercial real estate in the United States, Moody’s Investors Service says.
In its latest Red-Yellow-Green report, Moody’s said each of the five market sectors are green or strong for Canada, showing greater strength than the U.S.
“There are no red or weak markets in Canada, compared to a small number of red markets in U.S. office, industrial and multifamily markets,” Elena Pankoff, Moody’s associate analyst, said.
Overall, the composite score for all property types in Canada dropped slightly from the previous six-month period, declining to 85 from 87, still well positioned in “green” territory, Moody’s said.
Moody’s Canadian Red-Yellow-Green report assesses the strength of the Canadian commercial real estate markets that support commercial mortgage-backed securities. The new report is based on data through June 30, 2007, the latest available.
