• As part of a global restructuring initiative to focus on electric and autonomous vehicles, GM announced it will cease production at its Oshawa assembly plant by the end of 2019.
  • Raising concerns over the short- to medium-term, Oshawa‘s strong population growth, reliable infrastructure and proximity to the GTA will serve as beneficial factors during this transition.
  • While the impact of GM’s plant closure on the GTA industrial market remains to be seen, the market is well-positioned and the outlook for industrial real estate remains positive.