Canada is now considered one of the top markets to invest in commercial real estate. Experts have found that with a high level of economic and geopolitical uncertainty seen globally, that Canada is seeing an increase in investment activity. A new report suggests that real estate investors may look outside of the US in favor of Canada due to Trump and the concerns for the uncertainty around what the foreign policy and trade policy will be. There hasn’t been a consistent outline for a economic strategy that anyone has seen from him yet.
CRBE is one of the world’s largest commercial real estate investment firms and believes that 2017 will be a record breaking year for commercial real estate transactions. In 2016 we saw $34.7 billion in transactions and 2017 is forecasted to see even more. Chinese investors accounted for 71% of all foreign transactions in 2016.
European instability also is a driving force, increasing investments in Canada. The National Front in France’s election wants out of the EU, Brexit, Greece’s increasing debt, and Italy also wanting to leave the EU is causing investors to look at areas with stability and that area is Canada.
Toronto has the lowest vacancy rate of any major North American city with good rental growth projected for 2017. Toronto also has the second lowest industrial availability rate and the second lowest multifamily vacancy rate. It’s hotels also have recorded a record occupancy level for 2016. It’s an investor’s dream.
If you are interested in investing in Saskatoon, commercial or otherwise, I can guide you in the right direction. Please contact me today for more information!
Saskatoon real estate agent
Century 21 Fusion