Canada Expands Real Estate Investment Universe
How the Canadian market ranked 7 out of 33 globally.
1.5 min read
Things are starting to look up for Canada’s real estate investment universe after it had recently been deemed the seventh-largest among 33 other countries that the Global Property Index producer monitors in their annual report.
American finance company MSCI Inc. confirmed that the Canadian market moved its way up the 2020 global ranking, with an inventory of professionally managed real estate held for real estate purposes totalling CAD 546 billion. This resulted in a CAD 3.6 billion gain in market size from 2019. The United States, Canada and Brazil, referred to as “the Americas,” accounted for nearly 39 percent of the market size in 2020.
In a recently released report, René Veerman, MSCI Inc.’s head of real estate, stated, “The real estate market’s convincing expansion in the face of the COVID-19 pandemic seems to underscore investors’ resolute search for returns across asset classes.”
Although Canada saw a decline in capital growth, the country still managed to achieve a 1.1 percent asset value growth.
Learn more about Canada’s real estate investment ranking.
Reference
Real estate investment universe expands in 2020 - REMI Network. (2021, August 11). Retrieved August 13, 2021, from https://www.reminetwork.com/articles/real-estate-investment-universe-expands-in-2020/
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