We like to stay on top of the developing trends as a Commercial Mortgage Broker in Toronto. That means we always keep an eye out on what’s going on and who’s saying what when it comes to Toronto real estate.
PwC Canada has just come out with Emerging Trends to Watch in Real Estate 2020. The report had some interesting findings and the kind of numbers we could use to help our clients get the best mortgage rates.
Here’s a high-level overview of what you need to know:
- The report says the Toronto real estate scene is thriving. Fueled by immigration, Toronto continues to be one of the fastest-growing cities in the United States or Canada. PWC also reports that The Conference Board of Canada is predicting a growth rate of 2.4% for the rest of this year and into 2020.
- Warehousing continues to be one of the areas for development going into next year. It’s a good idea to look to a commercial mortgage broker like us if you’re thinking about getting involved in the market. The report says the availability rate is only 1.5% in the GTA.
- As far as the office sector goes, the entire country including Toronto has a fast-growing tech sector which has a positive influence. PWC reports the vacancy rate for properties right across the country was 10.5% in Q2/ 2019.
Here’s another interesting tidbit from the report. Cyber security continues to be a big technological issue for businesses. A PWC related study found that many businesses can’t rely on their present policies and procedures.
Finger on the Pulse
We are the Toronto Commercial Mortgage Broker team that has their finger on the pulse of the markets and other issues. Get in touch with us today to learn more about what we can do for you. We’re always more than happy to help our business clients get to where they need to be.
