The end of cap rate compression may be coming, but the executive managing director of CBRE Ltd. in Canada says there are mitigating factors that may slow the trend.
"Firstly, there is a limit to how high and how fast the Bank of Canada can move," Paul Morassutti told a real estate audience at the Real Capital conference in Toronto, pointing to Canadian household debt. "It means rate hikes pack a very serious punch."
Morassutti, who is also an...
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