Princess Pan RE/MAX Crest Realty Westside

Tel 778-945-8540 | EMAIL princess-bc@hotmail.com |

Vancouver ranked Canada’s #1 for real estate investment in 2020

“Despite headwinds” in housing, PwC forecasts strong commercial sector combined with likely residential recovery makes Vancouver the hottest market to watch
 
The PwC Canada Emerging Trends has recently ranked Vancouver to be the best spot in Canada if you're looking for real estate investment in 2020, in their Real Estate report.
 
In the “Markets to Watch in 2020” section, the report authors said that “despite some headwinds, Vancouver re-emerged at the top of our survey this year for overall real estate prospects.” Meaning Vancouver does have its ups and downs in the market however, it still is a great real estate investment opportunity.
 
This report also shows that Vancouver's office and industrial sectors are both doing "particularly well" as they both have low vacancy rates and robust development.
 
It continued, “Looking at the housing market, the long-term trends remain favourable. Recent softness is largely a reflection of a correction from an overheated environment and policies that have caused investors, whether foreign or domestic buyers, to exit the market.”
 
PwC’s report added, “The [Vancouver housing] market rise was too strong, and now it is reacting to that. However, by the time it is done, it will be in line with where a steady increase should have gotten us over the years… With a strong economy and population growth, Vancouver remains a desirable place to live that will eventually draw buyers back into the market. The question isn’t if, but when, they’ll come back.”
 
Toronto followed after Vancouver in the #2 spot, which was followed by Ottawa, Halifax and Montreal rounding out the top 5.
 
Of the Western Canadian and Prairie cities, Saskatoon came in sixth place, Edmonton eighth, Winnipeg ninth and Calgary 10th. The other Canadian city to make PwC’s top 10 was Quebec City in seventh spot.
 
If you would like to learn more about how Vancouver will be an excellent investment opportunity for real estate, or if you are thinking about buying or selling your properties, please contact Princess Pan who is a top luxury real estate agent situated in Vancouver, who can help you with all of your needs. To contact Princess Pan,  please call email her at princess-bc@hotmail.com.
 
Comments:
No comments

Post Your Comment:

Subscribe to Princess Pan News Updates

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.