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A look at the state of retail and office real estate in Canada
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There is hope for each sector, says recent Altus Group data
from Mortgage Broker News https://ift.tt/3jCkWvx
In the wake of the coronavirus pandemic earlier this year, plenty of unprecedented real estate trends have surfaced. Big-city dwellers are searching for greener pastures in rural communities, quiet mountain towns have transformed into red-hot housing markets*, and smaller municipalities that may have previously been ignored by homebuyers and investors have turned into lucrative opportunities. A lot has happened in the Canadian real estate market this year that will have an impact for many years to come, but could new patterns also emerge heading into 2021? The Windsor housing market has been one of the most interesting industry developments in 2020. What was once one of Canada’s sleepier urban housing markets due to struggling economic conditions and a lack of prospects, has quickly transformed into one of the hottest housing markets in the nation. But now it is important to determine if this is a bubble, or if these are sustainable long-term trends. Below we explore the evolut