BMO economics believe that the commercial real estate market will end in a draw in 2013, thanks to a strong real estate market and low interest rates.
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Incredibly, vacancy rates in the commercial real estate sector are lower than historical norms in many Canadian cities. Low vacancy rates, means high demand and in turn, means ?constant positive cash flow. This is definitely good news for property investors in all of Canada.
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Higher occupancy is definitely one key factor in choosing a profitable investment property along with many other factors. Steady growth in employment is key as well, and as Earl Sweet of BMO Capital Markets says, ?higher occupancy- spurred by steady growth in employment, manufacturing, wholesaling, and retailing? is reducing office, industrial and retail vacancies, while lease rates are edging upward.?
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Even though Sweet predicts a growth of only 2% for the coming few years, one reason being the eurozone crisis and its affects on the North American markets, he still believes there will be an upward trend.
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This article listed in the Canadian Business magazine ends off with speaking about Vancouver?s market and its lack of housing supply. This is the main reason why commercial property prices are so high, that, as well as low bond yields and volatile stock markets.
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To read more on this topic, find the article here.
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