![\"\"](\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2018\/02\/canadian-commercial.jpg\")
<\/a><\/p>\nPhoto: James Bombales<\/em><\/p>\n It\u2019s been another banner year for the Canadian commercial real estate market. With over $43.1 billion in investments, 2017 is the best year on record, and 2018 is expected to perform even stronger, says CBRE.<\/span><\/p>\n This year, growing tenant demand, combined with declining vacancy rates, are expected to cause an increase in rental costs, despite rising interest rates and NAFTA uncertainty, according to CBRE Canada\u2019s 2018 Real Estate Market Outlook Report<\/a>, published today. <\/span><\/p>\n\n \u201cEvery year, we critically assess the threats to the Canadian commercial real estate market, but for each challenge we found, there was an even stronger reason to be optimistic about 2018,\u201d says Paul Morassutti, Executive Managing Director for CBRE Canada, in a press release. <\/span><\/p>\n The report revealed that 2017\u2019s commercial real estate investment volume exceeded 2016\u2019s previous record amount of $34.7 billion by almost a quarter. As a result, Canada was one of only four countries around the world to set back-to-back investment records. <\/span><\/p>\n According to the commercial real estate and investment firm, 2018 could see commercial real estate \u201cset a historic treble of consecutive investment records,\u201d with investors continuing to purchase in the market. <\/span><\/p>\n Morassutti says this year Canada will once again be at the centre of two powerful investment trends. <\/span><\/p>\n