Commercial Real Estate Markets To Watch For In 2018 (Part II)
Last week, we covered the basics outlining which commercial real estate markets investors should watch for in Western Canada this 2018. If you recall, certain regions of Western Canada were expected to see up to a 2.3% growth rate which is quite noteworthy for that side of Canada. However, did you know that according to the CBoC, the Canadian market is anticipating up to an incredible 2.5% GDP from certain regions in Eastern Canada this upcoming year?
With the Canadian economy steadily picking up in time for the new year, the market displays lots of promise for both new and established investors. As a reputable commercial real estate management company, we understand that our ever changing economy can be hard to keep up with sometimes. That’s why we want to help potential and existing partners like you understand which Eastern Canadian markets are worth investing in this upcoming year.
Discover the regional outlook of Eastern Canada’s real estate market this 2018 here:
According to the most recent market review, Toronto’s GDP grew 2.7% in 2017 and is expected grow even more in the new year. Ranked by survey respondents as the No. 2 market to watch out for in Canada, the CBoC forecasts that the city’s economy is set to expand another 2.5% in 2018. With easy access to capital and a high demand for assets, Toronto remains one of the best and most competitive places to invest to date.
Many interviewees also noted the GTA is expected to see significant densification efforts beginning in 2018 in order to properly address the growth and demand of the city. Maintaining its title as one of Canada’s leading investment markets years after year, Toronto’s 2018 regional outlook appears promising for those looking to make and maintain stable long-term plays.
With the Ottawa market on the upswing, investors can expect to see noteworthy growth in the years to come. In 2016, the CBoC announced their prediction of a 1.6% GDP growth which transitioned into a 2.3% growth rate in 2017. It has now been forecasted that the annual growth rate between 2018 and 2021 for Canada’s capital will be an average of 1.8%.
Much of this growth is attributed by Canada’s public service sector’s decision to employ new hires again after years of hiring freezes and staff cuts. Though the average GDP growth percentage appears lower than that of other cities within Canada, esteemed industry players and observers predict that the city is on the cusp of a mini-boom, bidding promise to long-term investors in the Canadian market. In fact, survey respondents ranked Ottawa as the No. 4 market to watch in Canada for investment prospects in 2018.
In addition to the increase of jobs within the city, the relative affordability of the Ottawa market has also begun luring more millennials and young families to make the move to the capital. With the first phase of the LRT nearing completion in 2018, Ottawa’s in-progress transit network has sparked more opportunities for new developments along key locations of the transit line, making for profitable commercial real estate investments.
Partner With ReDev Properties
With many regions in Canada exhibiting remarkable potential this upcoming year, we understand that your decision to invest will be a difficult one. If you choose to partner with ReDev, our management team will not only take the time to discuss your options with you, we’ll also take a hands-on approach to help you invest in the most promising regions in Canada when you’re ready.
Whether you’re looking in invest from around the globe or simply want to invest within Canada, our dedicated management team will provide you with the expertise and resources you need to succeed. At ReDev Properties Ltd, we’ve managed over 2.5 billion dollars in real estate assets since 2001 and are a preferred Canadian real estate asset management company by many. Trust our knowledgeable team to help you make your long-term investment decisions.
Want to learn how ReDev Properties can help diversify your portfolio and maximize your investment profits in 2018? Contact our real estate asset management team today to start discussing your options.