7/29/2021
Canada's Potential Upswing in Post-COVID Commercial Real Estate | James Kassouf | Property Investment
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CANADA’S POTENTIAL UPSWING IN POST-COVID COMMERCIAL REAL ESTATE by James Kassouf | Jul 26, 2021 | Blog, James Kassouf, Property Investment, real estate
The commercial real estate industry in Canada will flourish after the pandemic because of these three reasons.
Cheap loans
Central banks have lowered interest rates during the pandemic to encourage economic activity. They want the financial markets to be as liquid as possible. As a result, people have been taking out mortgages at attractive interest rates. Banks have been busy because of this influx of business. Real estate prices have also increased because of favorable macroeconomic conditions. This trend will continue if central banks keep interest rates low. Commercial real estate investors will buy shopping malls and hospitals. Sellers will make a lot of money, especially if buyers engage in bidding wars. The overall industry will benefit as a result.
Increase in real estate agents https://jameskassouf.info/canadas-potential-upswing-in-post-covid-commercial-real-estate/
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