Canadian Real Estate Market 2014
According to a new report by PwC and Urban Land Institute, the real estate market in 2014 will remain strong, especially in Toronto and Calgary. The report states that the demand for retail, office and residential space near public transit will continue.
The report also states that rental apartments haven’t been negatively affected by condominium developments, and still remain an attractive investment, especially as condos are often purchased and then rented out at premium rates. The two markets should be considered as working together rather than in opposition, especially when condos are often purchased and then rented out.
Calgary is rated as the top market, followed by Edmonton, Saskatoon and Vancouver.
To read the full report, please visit here.
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