Canadian firms spent $9B on U.S. commercial real estate in the 12 months ending in June, up from a $5B rolling average at the end of the prior quarter, according to Colliers' Global Capital Flows report. Canadian firms sent 32% of the capital raised for global acquisitions to the U.S. in the year through June, up from 19.3% for the rolling 12 months a quarter earlier. Across all global investments, Canadian firms deployed 32% of capital toward multifamily, 27% to industrial assets and 18% toward offices, with Japan, the UK, Spain and Australia among other top destinations, though their combined $4.9B over the last 12 months through June still trails the total outbound capital to the U.S. alone. The U.S. pulled in $28.3B in the most recent period available in Colliers data, leading the UK by $3.4B by June after the UK squeaked past the U.S. three months earlier by just $25M. Adam Jacobs, head of Canada research at Colliers, said he does not expect the escalating tit-for-tat tariffs to have much impact on investment decisions, and noted the U.S. remains a deep and diversified market. The data does not cover the last couple of months, as the trade war between the United States and Canada ramped up with new tariffs.
Colliers International Group Inc BatsColliers' Global Capital Flows report is the data source cited, but the news is about Canadian outbound real estate investment, not a company-specific development.
