Canada is in demand! This comes as no surprise since Canada was recently ranked second-best country in the world to live in by the U.S. News Report.
Canada is also a top pick for those pursuing education, employment, investment, and travel. The flow of capital and people will allow the Canadian commercial real estate to grow and flourish in 2018.
Canadian commercial real estate is predicted to maintain its prolonged moment in the spotlight through 2018. Canada is a leading destination for capital, businesses and immigrants, which is diversifying the economy and bolstering property fundamentals.
According to CBRE’s 2018 Canadian Market Outlook, Canadian real estate has the potential to defy traditional market cycles. The commercial real estate market is slowing starting to recover from the economic downturn that began in 2008. The real estate industry is beginning to embrace technological innovations that are altering the market.
This year’s market analysis report gives insight into the trends shaping real estate in top Canadian cities. It also includes information vital for tenants, landlords, and investors to be able to navigate the changing real estate sectors.
CBRE’s Canadian outlook
It’s a great time for Canadian real estate. Canadian commercial real estate continues to set records. Institutionalization of real estate, diversification of the economy and adapting technology have significantly affected the real estate market. Due to these market disrupters, Canada has the potential to reach record investment volumes.
It is predicted that in 2018 Canada’s real estate market will hit some observed trends and unmatched statistics.
For the past few years, Edmonton has been a leader in economic growth. In 2017, Edmonton had the second fastest GDP growth rate among major cities. With a 7.6 per cent projected job growth from 2018-2022, Edmonton will continue to be a top competitor in job and real estate markets.
Edmonton has a lot going for it. It was the closest major centre to Alberta’s Oil Sands – making it a strategic base for many industries that support the Oil and Gas sector.
These factors are significant for the overall success of the city of Edmonton, but what do they mean for the real estate market? A look at the latest rental market analysis sheds light on the state of the 2018 market.
CBRE’s Edmonton outlook
It is forecasted that 79,786 people will migrate to Edmonton between 2017 - 2021 – this will allow for the city to produce more commercial real estate opportunities for investors.
In fact, investors are continually demanding for appropriately priced assets as leasing fundamentals continue to improve. With Edmonton’s core getting a much-needed facelift, there are new buildings and redeveloped building hitting the market.
2018 will be a strategic year to invest in multi-family buildings. This is because the vacancy rate is forecasted to drop from 7.0 per cent in 2017 to 6.2 per cent in 2018. Edmonton will offer the best investment options for property investors.
CBRE’s Why Edmonton report looks into Edmonton and Alberta’s Energy Sector, Exports, Talent Pool, Health and Technology, Demographic Profile, Quality of Life, Investments, and Industrial Heartland – and how all of these affect the real estate market.
Now is the Time to get the Best Investments
Ever since the global financial crisis in 2008, rental market analysis forecasters have had to confront the possibility of one destabilizing event or another. This is about to change. In 2018, market watchers are choosing confidence over question marks.
Edmonton is continuing to grow. Now is the time to look into investing in real estate in Edmonton.