Interest Rates Low for Q3 in Vancouver, BC
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Interest Rates Low for Q3 in Vancouver, BC
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(Posted on Nov 26, 2018 at 08:03PM by Danielle Smyth)
In the third quarter, interest rates have remained low. This means that investors are clamoring for available investment properties. It can be difficult to identify the perfect choice for you.All in all, the situation throughout Canada is favourable, however. Since available capital is plentiful, prices rise, creating a very competitive market. Rising costs for both construction and real estate make it harder for small investors or individuals to build or buy their own properties. This can be a boon to established investors who will then be able to easily turn a profit.
In Vancouver, BC, in particular, interest in apartment buildings has remained very strong, thanks to low interest rates. Overall, investment in commercial real estate in the city has been quite favourable this year.
Elsewhere in Canada, things are also looking great for investors. In Toronto, for instance, an overall decline in number of sales pales in comparison to a new record for money earned as a result of said sales.
As long as investors are able to keep up with emerging trends in technology, it’s likely that they will continue to thrive in the ever-evolving market in Canada. If you’re interested in learning more about this or similar investment options, reach out to Marcus & Millichap's Vancouver office. One of our experienced commercial real estate advisors will be happy to provide the information you seek.
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