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Special Report

Canada Industrial National Report

3Q 2025

Tariff Headwinds Clash With
Interest Rate-Driven Tailwinds

Higher tariffs on non-USMCA-exempt goods and lingering uncertainty have weighed on Canada’s economic growth. The impact has been particularly pronounced in the manufacturing, transportation, warehousing and wholesale industries. Although trade policy will stay a key determinant of the sector’s near-term outlook, lower interest rates could stimulate domestic consumption and support space demand.

Analysis of trade tensions’ impact on Canada’s industrial sector
Forecasts for property fundamentals, such as vacancy rates and rent growth 
Discussion on current capital markets landscape and its impact on industrial real estate investing

 
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