Tyler Suchan

RE/MAX Select

Cell 780-945-1318

Email: tylersuchan@gmail.com

Canadian Real Estate Wealth

Friday, August 23, 2019 11:00:03 AM UTC
Tenancy demand, rental rates fuel purpose-built development

Toronto developers have long favoured building condominiums at the expense of purpose-built rental apartments, but that is beginning to change

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Office space being built at an accelerated pace across Canada

The burgeoning high-technology sector is a major contributor to Canada’s office market

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Commercial construction permits in BC surge

While residential market activity in Vancouver is markedly slower than in years past, the commercial sector is on fire

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Toronto rental sector bolstered by tech industry’s consistent growth

The GTA’s investment rental property market is enjoying the considerable boost provided by the trend

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Plexes and condos are Montreal’s powerhouse residential assets

Supply in the market’s multi-family sector continues to shrink

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Be wary of Vancouver market rebound

In the throes of a housing correction, British Columbia’s Lower Mainland might be witnessing the beginnings of recovery

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GTA largely responsible for house flipping in the Waterloo region

Buyers from Guelph and Hamilton were also significantly represented among these flippers

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Calgary, neighbouring areas have moved to sellers’ territory

The region’s continuous economic recovery will have a pivotal role for the foreseeable future

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GTA market fundamentals to remain robust going forward

Exceptional job growth in the Greater Toronto Area, along with consistently high immigration, has spurred strong rental demand through the first half of 2019

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Alberta housing bill delinquency at its highest rate in six years

Meanwhile, the arrears rate for the rest of Canada is steadily shrinking

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Copyright 2019 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.