Insights

As Canada’s population ages, the need for reliable income streams to support retirement becomes increasingly important. Traditionally, government and corporate bonds have provided this stability, but with rising interest rates, these options have shown vulnerabilities. In light of recent economic shifts, higher-returning and more stable alternatives, like private real estate credit solutions, are becoming more […]

Fiera Capital has increased its forecast for a “Soft Landing” scenario to a 55% probability over the next 12-18 months, reflecting optimism about successful inflation management and economic stability. This scenario would enable central banks to cut interest rates aggressively without causing a recession, positively impacting real estate valuations through declining interest rates, increased borrowing […]

The commercial real estate sector continues to face lingering risks, particularly within the office segment, where escalating interest rates could lead to higher capitalization rates amid global geopolitical tensions. Despite these challenges, the probability of a recovery after two years of negative performance has substantially grown, supported by the robust fundamentals of Canada’s industrial and […]

With a softening economy, stable labour market, and inflation measures looking quite tame, the Bank of Canada may feel better about the restrictiveness of their policy and could in fact begin to ease off if further softening persists. A material risk to a rate cutting cycle beginning in 2024 is an “Inflation Revival” scenario that […]

Fiera Capital forecasts a 55% probability of ‘stagflation’, where economic growth slows, and inflation remains high, prompting policymakers to ease tightening measures. This scenario could lead to a wage-price spiral, pushing inflation higher and possibly causing more aggressive rate hikes, ultimately stalling the economy. Risk assets may see reduced valuations, but not as severely as […]