FROM 660news.com
Mediocre is the new good when it comes to real estate gains. At least, that's the take of the 2013 Emerging Trends In Real Estate forecast from PricewaterhouseCoopers and the Urban Land Institute.
PWC's Lori Beausoleil tells 660News the real estate business has cooled off, but as a country we're in much better shape than many others.
"So I think with a mediocre, when you look at, it's relative to the trends that we have seen historically," says Beausoleil. "But when you look at where we are positioned, versus the rest of the world, it's an A-plus."
Sorry Toronto and Vancouver, but your days at the top of the Canadian real estate heap are coming to an end, according to Beausoleil. Those two major Canadian cities will be replaced at the top of the charts by Calgary and Edmonton, thanks to Alberta's energy riches. But there is a silver lining to that dark cloud for our cousins in the east and on the west coast.
"For us in Toronto, we actually benefit from that as well because of all the engineering and all those types of jobs and needs that you have," adds Beausoleil. "You know, some of that money does come east. But definitely from a real estate perspective, Calgary and Edmonton's on fire."
No comments:
Post a Comment