Emerging Trends in Real Estate 2016: Canadian executive summary

The story of Canadian real estate this year is one of shifting economic fortunes and changing real estate trends. The decline in oil prices has caused a sharp slowdown in the Calgary economy, the Edmonton economy also is trending downward, and the long-term impact on the local real estate market remains to be seen. At the time of writing, the Canadian economy has had a second quarter of minor decline—largely a result of the impact of oil in Alberta. Yet these low energy prices—and the low Canadian dollar—are improving the prospects for manufacturing, transportation, warehousing, and other sectors across the country, especially in eastern Canada. As economic power returns to the east, investors and developers are turning their attention to new opportunities in faster-growing Toronto and some parts of Montreal. Vancouver is the exception in the west, as it retains the top real estate investment spot.
 

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Frank Magliocco

Partner, PwC Canada

Tel: +1 416 228 4228

Wesley Mark

Partner, Deals & Valuations, National Real Estate Advisory Leader, PwC Canada

Tel: +1 416 814 5877

Chung Wang

Partner, PwC Canada

Tel: +1 403 509 7303

Jenny Li

BC Regional Leader, China Business Network, PwC Canada

Tel: +1 604 806 7276

Furong Guo

Senior Manager, PwC Canada

Tel: +1 514 205 5148

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