Canada is in fifth spot worldwide when it comes to real-estate investment and is the only developed nation to break the top five, according to the results of an EY survey published August 29.
The top four countries on the list are all emerging markets: India, China, Quatar and Chile. Criteria for the ranking included credit availability and economic stability.
"Investors are looking beyond the developed world – with the exception of Canada – and focusing their investment strategies in emerging markets with immense growth potential," said Krista Blaikie, EY's national real-estate leader.
"Canada, on the other hand, continues to attract the attention of investors searching for a stable political and economic environment not found in the Eurozone."
The survey also found that 85% of real-estate industry executives believe the global economy is stable or improving – a significant improvement compared with the results last year (53%).