Some sectors of the Canadian economy have seen a shift from crisis to recovery, but with a tighter reimposition of lockdown due to the second wave, GDP could see a slower growth or even a decline in the next quarter. Even though the news of vaccines suggests returning to normal, the global pandemic will take time to completely eradicate. The pace of vaccinations will be an indicator for a welcomed rebound likely to take hold in the latter part of 2021.

Find the latest industrial real estate trends and forecasts in LIDD’s Q1 2021 LTB Market Report