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The good news, bad news of commercial real estate in Canada

There are always two sides to a coin. The same can be said for commercial real estate in Canada -- the good news and the no so good news, according to a well-known real estate forecaster. On a positive note, the office sector across most parts of the country has been rallying -- with the exception of Alberta's two major cities -- which continue to have high corporate vacancy rates, but the economy is expected to stabilize.

The retail real estate market it doing better over a larger spectrum in Canada. Again, urban centres in Alberta aren't doing as well since empty office buildings don't drive traffic to nearby shops, which end up suffering. And rents for these retail spaces continue to escalate without the usual shoppers frequenting these establishments.

Of all the real estate areas, the industrial market has the best overall picture across the country -- even in Alberta. Burgeoning e-commerce and tech companies are fuelling the fire in this market. There is plenty of space in Alberta for the industrial market to expand.

The economy plays an integral part on the workings of real estate in Canada -- including the commercial real estate sector. A lawyer may be able to help his or her client who is considering venturing into the commercial realm. Lawyers understand the dynamics of real estate investment and how the economy affects potential deals, so he or she can most likely advise a client who is looking to expand his or her investment portfolio.

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