Friday, April 22, 2016

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Best Cities To Invest In Real Estate? Those Would Be Toronto, Vancouver, Calgary


The Huffington Post Canada

By Daniel Tencer

Canadian cities top the world for the real estate markets that make the best bet for long-term

investment, according to a study from U.K. property developer Grosvenor — but they may not be

such a great investment in the short term.

Toronto, Vancouver and Calgary took the top three spots, respectively, on the survey that aims to

measure which real estate markets are the most resilient, and therefore make the best long-term

investment.

"Canada, as a whole, is doing exceptionally well in developing resiliency,” Richard Barkham, group

research director at Grosvenor, said in a statement.

But the study doesn’t put to rest the argument that Canada may be facing a housing bubble, as it

doesn’t look at what could happen to real estate markets in the short term. Of the rankings’ top 20

markets, eight are in the U.S., whose housing markets are just now recovering from the bursting of

last decade’s bubble.

In fact, in the short term, Canada’s real estate markets are more prone to ups and downs than

average, Grosvenor suggested.

"If you are investing with a short-term perspective, a portfolio of the resilient cities won't necessarily

be less volatile; in fact you would have a more volatile portfolio if you only invested in the top five

cities,” Barkham said.

To determine a real estate market's long-term strength, the study looked at “environmental and

social vulnerability and adaptive capacity,” covering areas such as infrastructure, environment and

climate.

“In our view, environmental sustainability, community liveability and economic prosperity are all

necessary components of long-term city resiliency,” Urban Land Institute CEO Patrick Phillips said.

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