Canadian real estate executives are bullish about their prospects for the coming year, according to the Canadian Real Estate Outlook by U.S.-based Ferguson Partners Ltd.
Noted William J. Ferguson, author of the report and co-chairman and co-CEO of Ferguson Partners, "This year it seems as though executives have one foot on the gas and one on the brake. On one hand, they're optimistic about the increasing institutionalization of real estate investors, with capital-rich pension funds and REITs making a bigger imprint on the market. On the other hand, they're not sure what will happen with global interest rates or demand for Canadian exports - both of which will have a large impact on real estate."
The experts polled, including CEO of Vancouver-based Concert Properties Ltd. David Podmore, noted that institutional players, including pension funds and real estate investment trusts, are taking a big position in the commercial real estate market.
from Western Investor June 2013
