National investment volumes totaled $5.6 billion in Q2 2020. This marked a decrease of 52.0% compared to the same period in 2019 and a decline of 41.8% quarter over quarter.
The four most active asset classes in Q2 2020 were the industrial, office, multifamily and ICI
land sectors which saw acquisitions total $1.2, $1.2, $1.2 and $1.1 billion.
Notable transactions from Q2 2020 included the purchase of The Landing office asset in
Vancouver by Allied REIT for $225.0 million, 245 Lena Cres., a Multifamily property in Kitchener Waterloo, by QuadReal for $98.9 million and 395 Terminal Ave., an office asset in Ottawa, by BentallGreenOak for $97.5 million.
With most institutional firms in a holding pattern due to COVID 19 and the resultant economic slowdown, the most active purchasers in Q2 2020 were Private Canadian Investors. This
group accounted for 59.4% of acquisitions over Q2 2020.