Globe & Mail – Wednesday, November 20, 2013
Mixed use developments, greater intensification and infill projects will be continuing trends
A highly regarded annual real estate trends report released in early November predicts that Canada’s real estate market will remain healthy in 2014 and continue to attract positive attention from domestic and international investors. It also predicts an increase in redevelopment, more intensification of urban cores, and more mixed-use projects that combine residential, commercial and office space.
Emerging Trends in Real Estate, an American publication by PwC (an advisory, accounting, audit and assurance services firm) and the Urban Land Institute, provides an outlook on real estate investment and development trends, real estate finance and capital markets, property sectors, metropolitan areas, and other real estate issues throughout the United States, Canada, and Latin America.
The report is based on survey results or interviews of participants who represent industry experts, including investors, fund managers, developers, property companies, lenders, brokers, advisers, and consultants.
Canada’s real estate market avoided the worst of the 2008 global financial crisis, and due to steady economic growth and a lack of oversupply, it remains in a good position, says the report. The current level of economic growth will support the expansion of the real estate market across all property types and Canada’s real estate market could also get a boost from improvement in the U.S. economy.
For the full Globe & Mail article go to:
Urban Trend’s 2014 Edition of Real Estate Trends in Canada is available in pdf format at: http://www.pwc.com/en_CA/ca/real-estate/publications/pwc-emerging-trends-in-real-estate-2014-en.pdf
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