Real estate of use to the healthcare sector is of growing interest in the commercial sector according to Colliers International. As the population ages and demand for healthcare intensifies many investors view medical facilities as a good bet due to the financial stability of tenants: “Doctors are paid by the government in Canada, so they’re pretty secure tenants,” Colliers’ Huy Lam told the Chronicle Herald. He says that the sector has grown from $126 million in 2011 to an estimated $211 million in 2015 with growth expected to continue in the coming years. The medical sector is seen as protected from many factors such as the economy and technology.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
More market watch: