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Morguard - 2014 Real Estate Investment Trends to Watch in Western Canada
MISSISSAUGA, ON , Feb. 6, 2014 /CNW/ - Western Canada's commercial property market i...
About this update from Morguard Corporation
[{"type":"text","content":"\n\n\nMISSISSAUGA, ON, Feb. 6, 2014 /CNW/ - Western Canada's commercial property market is poised to outperform after a\n strong 2013 according to Morguard's 2014 Canadian Economic Outlook and\n Market Fundamentals Research Report. Western Canadian markets\n including, Winnipeg, Saskatoon, Regina, Calgary, Edmonton, Vancouver,\n and Victoria, are expected to benefit from the stronger economic trend,\n driving stronger performances in the region's commercial property\n markets. Investors will continue to look west for growth, in an effort\n to capitalize on a region that will outperform the eastern cities, on\n average over the near term.\n\n\n\"Western Canadian commercial property markets are expected to continue\n to outperform, as commodities demand helps produce economic growth that\n is superior to the national average,\" said Keith Reading, Director of\n Research at Morguard. \"Western Canada will continue to lead the nation\n in economic activity this year, supported by resource-rich markets.\"\n\n\nMorguard Corporation (TSX: MRC) (\"Morguard\") released its 2014 Canadian\n Economic Outlook and Market Fundamentals Research Report. The 16th Annual Research Report contains economic, demographic and capital\n market influences and trends and forecasts for each real estate\n property class, both on a national and metropolitan level. The detailed\n findings can be used to develop individual asset or portfolio decisions\n that can drive the success of individual organizations or investors, by\n maximizing their return on investment. To download the Report go to www.morguard.com.\n\n\n2014 Real Estate Investment Trends to Watch in Western Canada\n\n\n\nWestern Canada's major urban centres will see stronger rates of economic\n growth in 2014, with Edmonton, Regina, Calgary, and Saskatoon above the\n national average and Winnipeg, Vancouver, and Victoria slightly below\n but still healthy.\n\n\nWestern Canada's economic performance will continue to depend to a large\n extent on the ongoing strength of the commodities sector demand trend.\n In particular, oil and gas exports will support continued growth.\n However, a fall off in demand would have a negative impact on the\n region's outlook.\n\n\nCore property values will hover close to the peak, supported by strong\n investor interest and a relative abundance of low cost debt and e...