Investors continue to see Canada as a good risk for real estate investment.
A survey of members of the Association of Foreign Real Estate Investors holds Canada steady in third place for 2017, the same as a year earlier. The US tops the list with Germany second; the UK and Australia complete the top 5.
None of Canada’s cities make the top 5 cities for investors though while New York has slipped to second place after 7 years at the top, replaced by London. Berlin, Los Angeles and Frankfurt are also in the top 5.
AFIRE members are among the largest international institutional real estate investors in the world and have an estimated U$2 trillion or more in real estate assets under management globally.
The top ranking given to London shows that concern about the Brexit impact has eased since the 2016 poll.
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: