- The rapid rise in online shopping in Canada has led to many companies wanting more warehouse space to ship from
- Online sales increased 120% across the country as the pandemic causes more people to shift to shopping online
- Industrial real estate has thrived amidst this boom, with Summit Industrial Income REIT seeing a 62% increase since the start of April while U.S.-focused WPT Industrial REIT has gained 59 per cent on the S&P/TSX Real Estate Index.
- Quebec based construction firm Broccolini, who are partnered with Amazon, are set to help the ecommerce giant build its 14th fulfilment centre in the country. The site in Ottawa is planned to be a 450,000 square foot facility
Source : https://financialpost.com/real-estate/property-post/amazons-boom-keeps-its-canadian-real-estate-partner-humming