PwC Canada and the Urban Land Institute collaborated to create Emerging Trends in Real Estate® 2023, which offers a forecast on #realestatedevelopment and #investment trends, #capitalmarkets for #realestate, #propertysectors, #metropolitan areas, and other real estate issues across the #unitedstatesofamerica and #canada.

The real estate sector has flourished for a very long time in Canada. Rents, valuations, and returns increased across most of the industry; the capital was easy to get by; Canada's stability and immigration trends have contributed significantly to the country's appeal as a location for investment.

There were serious obstacles, such as the tremendous uncertainty caused by the COVID-19 epidemic. However, the industry always seemed to do well since projected downturns never seemed to materialize or, when they did, were brief, moderate, and relatively confined. Then came 2022, with its mix of sharper and faster interest rate hikes than predicted, inflation at levels not seen in Canada since the 1980s, and a geopolitical situation that has caused uncertainty that is still reverberating throughout the global economy. As a result, the Canadian real estate market has been significantly impacted.

Check out these photos from ULI Toronto's event!

Thank you to the table sponsors, Atrium Mortgage Investment Corporation, BDP Quadrangle, Cadillac Fairview, CBRE Canada, Choice Properties, DIALOG, DiamondCorp, Dream, EllisDon, First Gulf Corporation, Flat Iron Building Group Inc., Geranium, IBI Group, The Kilmer Group, KingSett Capital, Manulife Investment Management, Mattamy Homes, Multiplex, Northcrest Developments, Oxford Properties Group, PwC Canada, The Rose Corporation, Tribute Communities, Tricon Residential