Fallout from higher interest rates may continue to subdue multifamily development, but lenders express more confidence in prospects for new purpose-built rental and high-rise condominium projects next year.

Lenders generally expect to curtail office exposure while increasing overall allocations to Canadian real estate in 2024, findings from CBRE Canada's annual survey reveal.

Mona Fortier, President of the Treasury Board of Canada, confirms that public service employees will be expected to spend 40 to 60 per cent of their working hours in a formal office setting.

Logistics warehouses, multifamily rental buildings, data centres and life sciences labs are tapped as favoured assets in CBRE Canada’s newly released survey of lenders' sentiment.

More cautious criteria for condo project financing could upend some development pro formas and potentially constrain housing starts in the coming months.