The latest trends in real estate in Canada

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The latest trends in real estate in Canada

Owing to numerous influencing factors, the real estate market in Canada is constantly changing. There is always something new happening in Canadian real estate. Whether it is commercial properties which are being talked about or residential real estate, there are plenty of things to keep in mind if you are planning to invest.

Here are some of the latest trends of the Canadian real estate market:

Commercial Leasing

The way in which commercial property is leased and bought in Canada is changing. Most investors are opting for long-term leasing plans due to the shortage of commercial real estate in most Western provinces.

A large number of people, however, are showing interest in the Eastern side of Canada, specifically in provinces like Ontario and Quebec. Cities in Ontario including Toronto and London are becoming a favourite for commercial real estate investors due to the increasing population.

Areas of high income are also being focused on in these cities. Large scale commercial projects like Riverbend Gates Plaza in London, Ontario are becoming popular among investors because of their ideal location and leasing options.

Technology and Real Estate

Technology, too, is playing a major role in the real estate market in Canada today. Hundreds of websites and apps are available for anything from online auctions to floor spacing. People even have the option of leasing and gas station property evaluation online! As people grow comfortable with making major purchases online, a large number of realtors are investing their time and efforts into using technology for the promotion of their properties.

Foreign Investment

Canada is seen as an investor’s paradise for people from multiple countries. Not only are foreign investors interested in Canadian real estate markets like those of Toronto and London, but people are investing in development land even in cities like Saskatoon. Most professionals of the industry even believe that investment will continue to flow into Canada for a long time.