The Weekend Edition June 8

Big things are happening at addy. With the recent campaign for The Springbank Apartments in Dayton, Ohio now ended, all current investment opportunities on the platform have officially wrapped up. Over the next couple of weeks, addy will be rolling out major updates to the wallet system—bringing a smoother, more intuitive experience. At the same time, a fresh wave of investment opportunities and new issuances are on the horizon. Stay tuned for all the details. In the meantime, here’s your roundup of the latest news in Canadian commercial and residential real estate, business, and politics.

Let’s go! 💪

🗞️ Commercial Real Estate

Industrial remains dominant

Driven by growth in e-commerce and nearshoring. Vacancy nationally is ~4.5%, but demand continues to outpace supply, particularly in Toronto and Vancouver (Storeys)

National forecasts suggest a market swing is possible by mid‑2025 as the sector stabilizes from over‑supply and softer demand (CBRE)

Marcus & Millichap projects CRE activity will rebound in 2025 as interest rates ease. Industrial, multifamily, grocery‑anchored retail, data centres, and cold storage are top investor picks (Marcus Millichap)

🗞️ Residential Real Estate

Vancouver Market Cooling

In May 2025, Metro Vancouver saw a benchmark home price of C$1,177,100, down 0.6% from April and 2.9% year‑over‑year. Inventories have surged to their highest since January 2016, with active listings up 26% annually. Detached homes dropped 1.2% in May, while condo prices eased 0.7% month-to-month. (Wowza) Sales volumes in Vancouver fell sharply; May recorded only 2,228 transactions, an 18.5% drop year-over-year (Living in Vancouver)

Ottawa Listings Surge

New residential listings in Ottawa climbed 8.7% above May 2024, totalling 3,430. Active listings hit 4,347—54% above the 5‑year average (OREB)

East Coast Holding Firm

Markets in Halifax, Moncton, Charlottetown, and St. John’s remain resilient. Halifax prices are up ~4.3% annually with average sale at C$517,800, while Moncton (~C$348,900) and Charlottetown (~C$408,500) show steady growth (OHM)

📈 Business & Markets

Bank of Canada Holds Rates

On June 4, 2025, the BoC left its overnight rate unchanged at 2.75%, citing firm core inflation (~3.15% in April) and indicating scope for future easing if the economy softens (Bank of Canada)

Unemployment Spike

Unemployment rose to 7.0% in May, the highest level in nearly nine years (excluding COVID), though most economists regarded the report as mixed rather than disastrous (Reuters)

Red Tape Bill Introduced

The Canadian government tabled a bill to accelerate approval of major resource and infrastructure projects—cutting timelines from ~5 to 2 years—and dismantle internal trade barriers, potentially adding C$200 billion to GDP. Projects must offer environmental and Indigenous benefits, and provincial consent is required (WSJ)

Corporate Spotlight – HBC

Hudson’s Bay Company filed for creditor protection in March 2025, announced liquidation of 74 stores, and sold its intellectual property to Canadian Tire for C$30 million as of June 3 (Wikipedia)

🏛️ Politics

G7 in Kananaskis (June 15‑17, 2025)

Canada is hosting the 51st G7 Summit in mid‑June in Kananaskis, focusing on Ukraine, tariffs, and broader geopolitical issues. Prime Minister Mark Carney invited guest countries, including India, aiming to mend relations amid past diplomatic strains (FT)

Canada‑India Diplomatic Reset

Carney extended an invitation to Prime Minister Modi, marking a thaw in relations after diplomatic tensions tied to the Nijjar assassination and expulsions (India Times)

🎧 Recent Podcast

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