A survey of members of the Association of Foreign Real Estate Investors holds Canada steady in third place for 2017, the same as a year earlier. The US tops the list with Germany second; the UK and Australia complete the top 5.
None of Canada’s cities make the top 5 cities for investors though while New York has slipped to second place after 7 years at the top, replaced by London. Berlin, Los Angeles and Frankfurt are also in the top 5.
AFIRE members are among the largest international institutional real estate investors in the world and have an estimated U$2 trillion or more in real estate assets under management globally.
The top ranking given to London shows that concern about the Brexit impact has eased since the 2016 poll.
More market update:
Investors continue to see Canada as a good risk for real estate investment.