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Canadian Real Estate Investments Hit a Record High, Especially in Vancouver, BC
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(Posted on Oct 29, 2018 at 03:56PM by Danielle Smyth)
It’s a good time to be involved in the Canadian real estate investment market. In fact, a recent report reveals that transactions hit a record high in the second quarter of 2018. The writer believes that this was largely driven by two major deals and the “continued strength of the Toronto and Vancouver markets.â€Across the country, deals totaled $16.5 billion, which marks a 38 percent increase from the previous record of $12 billion in the first quarter of 2017. Vancouver and Toronto have seen a huge amount of interest by investors, and they have had the least vacancies of any downtown areas for the past four quarters. In addition, the cities have been the two with the lowest industrial availability for a year and a half. Toronto made up a third of all transactions and had a total value that was 82 percent above the five-year average.
At this point, investors are more interested in high-quality properties, which are a far safer bet in the event that there were to be an economic downturn of some kind in the future. If you’re interested in learning more about commercial real estate opportunities throughout Canada, get in touch with Marcus & Millichap's Vancouver office. One of our experienced commercial real estate advisors is ready to answer any questions you might have!
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