The theme surrounding this year’s real estate climate centers on creating possibilities. Competitive market forces are compelling investors, owners and developers to re-evaluate their portfolios, restructure their business approaches to deals, and hunt for the right bargains. The aim of every successful property investor is withstanding market uncertainties such as an increase in power regulation and technological disruption. Remaining at the top of these trends are possibilities of long-term prosperity. In today’s world, having money does not set you at an advantage. The advantage arises from being shrewd, moving quickly and leveraging strategic partners.
Search for Opportunities
As high-quality properties become scarce and their prices rise, more investors would instead look elsewhere to receive returns. Provided you have a keen eye for spotting market opportunities; you are bound to come across several. The industry has several ways of scouting for better returns. Every life cycle provides a handful of economic opportunities worth seizing. Significant pension funds have a substantial foothold in the Canadian market and keep scouting overseas for better investment opportunities. The large institutional investors are more focused on developing top-notch properties worldwide. Their preference seems to be institutional-type real estate. Briefly highlighted is the 2018 Canadian real estate market outlook.
Rental
As in several other major world economies, the retail sector is heavily impacted by the rapid growth of online shoppers and consumers whose needs and expectations keep changing. This reveals a new outlook for retail property countrywide presenting a varied picture. For investors and retail property owners, flexibility and creativity are vital pillars of success. For more shopping to be realized, the retail centers must be transformed into destinations that attract people.
Single-Family Residential
As of 2018, the outlook for the single-family residence market segment is modestly on the rise. With the economy expected to rise by 2 percent, it is likely that this figure is not strong enough to facilitate buying new homes. The industry seems to have made a permanent shift towards the multi-family homes. According to latest statistics, two out of three houses built today are multi-family.
Condominiums
It is expected that the condominium sector will perform steadily. The condos in downtown areas are attractive to young professionals with an appetite for glamorous lifestyles. This market segment is supplemented by retiring baby boomers who move from their single-family residences into the condo living accompanied by urban amenities. In response to new pressures and need, the condo industry seems to be evolving.
Given-Purpose Rentals
Rental properties seem to be performing great for various reasons, particularly around Halifax, Montreal, and Quebec City. More people are attracted to centrally located units that keep them within the work-play lifestyle. The market in Quebec is healthy and seems to be attracting commercial and industrial developers. In Halifax, the condo rental space is witnessing a steady rise. More people are drawn to the advantages of renting as opposed to owning the condos. Vancouver has seen an increase in rental properties. However, there seems to be concern over new regulations and taxes.
Office Space
According to latest market statistics, the office-space market is favorable given their construction outpacing demand.