The Top 3 Preferred Markets in Canada
2 min read
Altus Group’s quarterly update on Canadian commercial real estate investment trends reveals that Halifax, Vancouver, and Toronto are the top three preferred markets among investors in 2024. The Canadian Investment Trends Survey (ITS) for Q2 2024 reports Toronto and Vancouver remain in the top three markets, while Halifax climbs up from second last to emerge as the leading market favoured by investors in Canada.
Halifax’s combination of economic growth, consistent population increase, and cultural landscape creates a favourable market for investors. Vancouver’s strong and stable economy, and its strategic location serve as a hub for trade and international business. Toronto is Canada’s largest city and financial capital, offering stability and growth in various sectors.
In the second quarter, investors’ top three preferred property types were food-anchored retail strip, multi-tenant industrial, and single-tenant industrial. Additionally, there is a growing demand for office and retail property types, specifically regional shopping centres, power centres, and downtown class “AA” office.
As the market and economy continue to shift, so will the needs and demands of commercial real estate investors. The second quarter of 2024 saw a shift in the momentum ratio from negative to positive across most markets, with a higher percentage of investors looking to buy than those looking to sell.
References
Altus Group (2024, July 24). Canadian CRE investment trends – Q2 2024. Altusgroup.com. https://www.altusgroup.com/insights/canadian-cre-investment-trends/
Falkwin Group. (2024, April 23). Invest in Halifax real estate: Top reasons for property investors. https://www.falkwingroup.ca/invest-in-halifax-real-estate/
Osgood, J. (2024, May 21). Why you should invest in commercial real estate in Vancouver. Business Intelligence. https://www.officefinder.com/officeblog/invest-in-commercial-real-estate-vancouver/
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