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New Retailers to Canada Create Exceptional Opportunities for Vancouver, BC, Real Estate Investors
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(Posted on Nov 5, 2018 at 01:38AM by Danielle Smyth)
According to a recent report, 2018 could leave as its legacy a huge mark as being a wonderful year for investors. This is because it continues to exceed expectations as far as new retailers coming to Canada. In fact, it’s shattering records set in 2017, which was already viewed as an impressive year.According to a publication that is well-trusted in the industry, called Retail Insider, at least 50 new companies arrived in Canada in 2017 in the retail market. As of July of this year, there were already 30 additional companies, leading to the theory that 2018 will close out with another record-breaking total.
Apparently the majority of international retailers who come to Canada are choosing Toronto or Vancouver as their first sites in the country. A whopping 34 percent of new companies were luxury brands. There were also a great deal of coffee shops, restaurants, and eyewear businesses that made the move, each about 12 percent of the total.
This is wonderful news for investment real estate opportunities, particularly in Vancouver, which is such a hotbed for activity. If you’re interested in learning more about opportunities for investment throughout Canada, get in touch with Marcus & Millichap's Vancouver office. One of our experienced commercial real estate advisors will be happy to provide additional information.
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