“The scarcity of supply is pushing rents up, like it has in Vancouver and Toronto, so investors are coming to the marketplace. Montreal has grown in strength in the last number of years, especially on the industrial side.”

“We’ll announce deals this quarter that will be in excess of $16 per square foot."

Industrial is the hottest asset class in every major Canadian real estate market right now.

Avison Young attributes the vigorous activity to the slow pace with which new supply hit the market.