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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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