Multi-Family Real Estate Investing in Canada a Safe Bet
Posted by Yoofi Gerard Hagan on Wednesday, November 16th, 2011 at 5:44pm.Multi-family properties are fast becoming the home of choice, so much so that investors looking for a safe haven are increasingly sinking money into development projects and/or individual units. This type of investing is proving to be much safer than putting cash into what is still a very volatile stock market, which at the moment is showing little return.
A recent report submitted by both the Urban Land Institute and PricewaterhouseCoopers noted that the real estate market in Canada is the most stable in North America. Entitled Emerging Trends in Real Estate 2012, the publication was a key part of the presentation at a recent meeting of the Edmonton CFA Society. The survey questioned 950 executives in the real estate industry. Eric Bonnor from Brookfield Asset Management was the presenter.
According to the report, Vancouver and Toronto are the most attractive markets to investors because of their geographical location and the fact that they are major gateways to the country. Tourism, transportation and cultural offerings are all first rate.
Calgary took third place, and Edmonton fourth, both fast becoming prosperous because of the oil sands. This energy rich area is seeing a lot of new people arrive to fill jobs created by those sands. Edmonton has a slight advantage because of the influence of the provincial government. More of the companies in this city are stable engineering firms, not the recently emerging wildcatters that have come to Alberta to cash in on the oilsands.
A recent report submitted by both the Urban Land Institute and PricewaterhouseCoopers noted that the real estate market in Canada is the most stable in North America. Entitled Emerging Trends in Real Estate 2012, the publication was a key part of the presentation at a recent meeting of the Edmonton CFA Society. The survey questioned 950 executives in the real estate industry. Eric Bonnor from Brookfield Asset Management was the presenter.
According to the report, Vancouver and Toronto are the most attractive markets to investors because of their geographical location and the fact that they are major gateways to the country. Tourism, transportation and cultural offerings are all first rate.
Calgary took third place, and Edmonton fourth, both fast becoming prosperous because of the oil sands. This energy rich area is seeing a lot of new people arrive to fill jobs created by those sands. Edmonton has a slight advantage because of the influence of the provincial government. More of the companies in this city are stable engineering firms, not the recently emerging wildcatters that have come to Alberta to cash in on the oilsands.
Print
ShareBe the first to comment on this blog entry!