US and Canada commercial real estate monthly market update — June 2023

Today’s episode is the June edition of the CRE monthly market update, where we delve into the North American CRE market and uncover some of its newest developments and trends.To do that, we’re joined by Peter Norman, Vice President and Chief Economist at Altus Group, and Omar Eltorai, Director of Research, also at Altus Group.We talk about:- Canada’s wildfires and their impact on the economy.- Implications for the interest hike rise in Canada and the debt ceiling resolution in the US.- Ongoing concerns around recession for North America- Observations from the CREFC Annual Conference - Office property sector sentiment and data points- Predicting future behaviors around office space.Resources mentioned:Peter Norman - https://www.linkedin.com/in/peter-norman-20637043/Omar Eltorai -https://www.linkedin.com/in/omareltorai/Altus Group -https://www.linkedin.com/company/altus-group/Thanks for listening to the CRE Exchange podcast, powered by Altus Group. If you enjoyed this episode, please leave a review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.#CRE #CommercialRealEstate #Property