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sectors potentially at risk with a desires, the realty of new inventory competitiveness in almost every sector of
more “protectionist” United States commercial and residential real estate, increasing utility, maintenance, and
government.” This one I find quite compliance costs and the corresponding impact on yields, the ability of the market to
hilarious as the Trump factor has tolerate inflationary pressures on rental rates, and the ongoing health of the broader
become much more of a factor than Winnipeg and Canadian economy with divergent tax and trade policies clearly
anyone would have imagined. The tax emerging as between Canadian and US governments.
cut that was recently announced saw CA: I would echo the same sentiment I noted last year in that I believe that with major
an unprecedented amount of spending economic boom provinces such as Alberta and Saskatchewan still struggling, we will
announced by major firms such as see more investment in Winnipeg as people look to diversify their portfolios.
Apple and Starbucks and should be a
wonderful economic lesson that tax cuts Interest rates will continue to rise as they have throughout 2017 and into 2018 and
can work to bring life to the economy this will eventually, although we have not seen this yet, lead to capitalization rate
and improve the standard of living. It compression and impact values in a way that should be easy to predict (going down)
has created an incredible stimulus but has remained an elusive answer since rates started to rise in mid-2017.
in the US equity markets and that has
trickled throughout the system. The other Anything else we should be looking for in 2018?
Trump factors are not all positive though.
NAFTA will be a huge factor that will
affect Canada and Winnipeg’s import/ DW: 1. The impact of new supply on Winnipeg occupancy fundamentals most notably
export and manufacturing industries in the office and multi-residential sectors;
immensely. We should all be keeping a 2. Any formal confirmation or commencement of major downtown developments as
very close eye on these developments the central business district appears to be embarking on a new demand trajectory
as they come forward. bolstered mostly by a new residential focus;

3. Competition from bedroom communities in and around Winnipeg as certain rural
municipalities continue their fight to move people outside of the Perimeter Highway.
What are the

drivers of buying and selling Interview has been condensed and edited.
investment class properties in
One Body For Life
Winnipeg? What are buyers
looking for today, and how has
this changed? Your Workplace
Wellness Partner

DW: Buyers continue to see Winnipeg
as an attractive secondary Canadian
market with demand for all asset Reh-Fit Centre can help you build workplace wellness through
classes deep and well capitalized. our many corporate services options.
We expect 2018 to see increased Not only will investing in workplace wellness improve employee satisfaction
attention on and demand for assets and productivity, it will also offer your employees all of the personal benefits
recently built and stabilized as well as of overall health and well-being.
zoned and serviced parcels of raw land
ready for development. The aging of All of our corporate services options can be customized to meet your
many commercial and apartment needs. For more information, please call 204-488-5857.
properties in Winnipeg will also
present some unique openings for
investors as many long-time owners
are expected to actively consider the
trade-offs associated with selling versus
re-investing; these being, cash today or
reinvestment for the long-term?

Themes to watch in 2018 will include
the desire to repatriate capital for other
family spending and philanthropic 1390 Taylor Avenue / 204-488-8023 / reh-fit.com

64 Manitoba 2018 Commercial Building Directory