The Toronto real estate boom is expected to continue through 2017, according to the latest KPMG survey.
KPMG's 2017 Real Estate Outlook Survey, subtitled “Sustaining Momentum – But Will It Last?" surveyed senior Canadian and American commercial real estate executives to find out their views about the industry and their strategies for sustaining the boom in 2017.
The report found continued growth was being sustained due to several trends, including a continued huge demand for high-quality assets in all of Canada’s main hubs, increased inbound foreign capital and increased high-level real estate sell-offs by Canada’s largest pension plans.
Despite some obstacles, real estate growth will continue through the year as industry leaders remain bullish about the market’s prospects, KPMG concluded.
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