Colliers International Hotel INNvestment Canada Report Q3 2017 (PDF Download)
A steady sales pace continued through the third quarter with approximately $473 million in closed volume, raising the year-to-date national total to over $2.6 billion
The second quarter saw strong sales activity with total year-to-date June transaction volume of $2.14 billion, nearly triple the activity seen in the first half of 2016. Download the Mid-Year Transaction Report which includes an analysis of year-to-date trading activity.
Coming off the heels of robust 2016 transaction performance, the first quarter of 2017 registered as the highest Q1 volume in Canadian history with nearly $1.6 billion in closed volume.
Investment in the Canadian hotel real estate market finished with $4.1 billion in transaction volume in 2016, the second highest on record and almost 70% higher on a year-over-year basis.
Record setting sales momentum continued through the third quarter of 2016 with year-to-date hotel transaction volume of $3.86 billion. Download the Q3 Transaction Report which includes a feature article on the Canadian dollar's impact on the tourism industry.