With the heat in the Toronto and Vancouver markets making affordability a real issue even investors are starting to look to other markets. A report from PwC and the Urban Land Institute says that the growth in manufacturing, boosted by the low value of the Canadian dollar, will mean a shift in focus to the east of the country. Although the two hottest markets will continue to see great interest, cities such as Calgary and Edmonton may well lose out to Saskatoon and Montreal. Although Saskatoon has been affected by lower oil prices its farmland in particular is appealing to investors. The report also suggests that in Toronto and Vancouver the suburbs may start to see additional growth from those priced out of urban living.
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