Economic and Commercial Update – May 2011

Posted by:     Tags:  , , , , , ,     Posted date:  June 3, 2011  |  No comment


June 3, 2011



Having trouble viewing? Click here

Thanks for tuning in.  Here are the coles notes for the meeting

  • May 2011 saw 936,769 square feet leased compared to 472,278 last year in 2010
  • 87% of the space leased was industrial space and 9% were office
  • Q1 saw 4% in GDP growth in Canada lead by sectors important to GTA such as manufacturing, transportation, warehousing and wholesale trade

Forecast

  • We will see the interest rate hikes in Q2 2011 and moving into 2012
  • The value of the Canadian dollar is running almost at par which is impacting the export market

One item that isn’t settling for me is that the dollar is almost at par with US dollar, while we rented close to a million squre feet in industrial space.  I’m curious to see if there was one large transaction or multiple small transactions that drove the number to almost double from last year.  Something’s missing… What are your thoughts?



About the author

Addy is a full time REALTOR with a passion to help generate wealth through Real Estate. He's also an avid motorcyclist, car enthusiast, music junkie and lover of gadgets. He can be contacted by calling 1-877-HEY-ADDY (439-2339)



Related Posts
  • Economic and Commercial Update – April 2011
    May 13, 2011
  • Economic and Commercial Update – March 2011
    April 5, 2011




    • Subscribe now

    • Choose a Category

    • Popular Threads

    • Contact Info

      Addy Saeed

      Real Estate Sales Representative

      RE/MAX Active Realty Inc., Brokerage

      Office: 1-416-292-6777

      Direct: 1-877-439-2339

      This is Addy Saeed's blog who is a full time REALTOR® in Toronto, ON and what his views are about different aspects of his practice. Addy is also involved in different projects, community and charity events and will often comment on them as well.

      Each office independently owned and operated

      Intended to solicit buyers and sellers but not those under agency contracts

    • Find us on Facebook