DBRS Morningstar Releases 2020 Canadian CMBS Market Outlook

DBRS Morningstar released a commentary titled “2020 Canadian CMBS Market Outlook.”

In 2019, the Canadian CMBS market maintained its solid performance record with a low delinquency rate, stable cash flow growth, and low-interest-rate environment aiding refinancing. The trend is expected to remain similar in 2020 and DBRS Morningstar continues to hold a positive outlook for the sector in 2020 as trade conflict in North America is expected to be resolved with the new United States–Mexico–Canada Agreement. However, the flat oil and gas market continues to put pressure on certain energy-concentrated submarkets, such as Alberta. DBRS Morningstar will continue to closely monitor the development of these submarkets.

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A full copy of this commentary is available by contacting us at [email protected].

For more information on this credit or on this industry, visit www.dbrs.com or contact us at [email protected].

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