Multi-family property
According to a new report, which tracks Canadian real estate investment trends, 2013 is primed to be year of the multi-family property.
Morguard Corp., a publicly traded property management firm, commented that “the multi-family residential rental sector will see largely stable and healthy performances in the coming year, as was the case through all of 2012,” Morguard continues. “Steady growth in property values over the past few years may ease in 2013, however values will continue to range at the peak.”
Uncertainty around alternative investments like stocks and bonds are also driving demand for multi-family property.
Source: 2013 Year of the multi-family property
