Hello uncertainty, my old friend, we're back to cautious optimism again
23 Oct 2025
The CRE Exchange team explores what the Fed’s Beige Book, homebuilder sentiment, and recent banking data reveal about the broader economy, and how those trends ripple through commercial real estate. Our hosts, Omar Eltorai and Cole Perry, then turn to Peter Norman, Altus Group’s VP and Economic Strategist, for a deep dive into Canadian economic and CRE trends.
Resources mentioned:
Key moments
01:34 Diving into the Fed Beige Book
02:21 Labor market and employment trends
03:30 Consumer spending and manufacturing Insights
07:25 Home Builder Confidence Index
10:43 Large Bank Credit Card and Mortgage Report
13:57 Manufacturing Business Outlook Survey
16:31 Non-Manufacturing Business Outlook Survey
20:52 Canadian CRE trends with Peter Norman
43:19 Upcoming events
Our guest and hosts
Peter Norman
VP and Chief Economist
Altus Group
Omar Eltorai
Director of Research
Altus Group
Cole Perry
Associate Director of Research
Altus Group
Resources
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Disclaimer
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