Canada is top developed nation for real-estate investment worldwide: EY

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 ...

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%).

ecrawford@biv.com

@EmmaCrawfordBIV

comments powered by Disqus

More from Real Estate

Sale closes for Howe Sound’s Furry Creek golf course

China-backed owners plan to upgrade 152-acre course with waterfront homes, hotel

Read Article

New Vancouver office tower started; B.C. resort properties upgraded

Read Article

Victoria, Vancouver have Canada’s fastest growing one-bedroom rents in October: Padmapper

Read Article

Greater Vancouver home sales down 17% year-to-date in September: BCREA

Read Article

Is increasing supply worsening Metro Vancouver housing affordability?

The ability to buy a condominium has declined in the Metro Vancouver suburbs with the highest multi-family housing starts 

Read Article

Subscribe to our mailing lists

You may withdraw your consent at any time.

* indicates required

Newsletters

* You can modify your newsletter subscriptions at the bottom of any newsletter you receive.
Business in Vancouver Media Group
303 West 5th Avenue, Vancouver, British Columbia
V5Y 1J6 · Canada
604-688-2398
×