No shocks and few surprises: As we look forward to 2015, the Canadian real estate market appears poised for another steady year. Canada’s economy continues to deliver stable, modest growth, creating an ideal low-risk environment for real estate developers and investors.
Urbanization has become one of the key forces shaping Canada’s real estate markets. Once viewed as an emerging trend, urbanization today is simply the “new normal.” People are flooding into city cores to live close to both work and the lifestyle they crave. Now, companies and retailers are following them, and this is driving new office and commercial developments in the core. In turn, urbanization is blurring industry lines, as commercial and residential developers explore the opportunities that mixed-use properties bring.
For the full report, Emerging Trends in Real Estate 2015®, jointly produced by consultancy PricewaterhouseCoopers and the non-profit Urban Land Institute, visit:
For the Globe & Mail commentary on the report, visit: http://www.theglobeandmail.com/report-on-business/economy/housing/the-real-estate-beat/city-dwellers-driving-canadas-real-estate-market-report/article21348040/