Canadians remain bullish on real estate investment

Read time:
Arrows going upwards on a graph

Despite a challenging 2023 plagued by housing shortages, high inflation, and economic uncertainties, Canadian real estate investors are optimistic for 2024.

A recent survey by RE/MAX Canada reveals that 73% of Canadians still see owning a home as the best investment, much the same as the year before.

Despite economic challenges, investors kept their confidence in the Greater Toronto Area multifamily rental market throughout 2023, according to property management company Morguard’s 2024 Canadian Economic Outlook.

Morguard predicts investors will keep flocking to the GTA's multifamily rental market in 2024. The driving force behind this will be the ongoing supply-demand imbalance, which is keeping rents high and void periods short. The company says the booming immigrant population will place upward pressure on rents, creating a favourable environment for investors and promising prospects for property managers.

Coupled with an ingrained belief in the long-term value of homeownership, sustained confidence in the multifamily rental market paints a resilient picture for Canadian real estate in 2024.

More investor headlines

Young Canadians embrace real estate investment – PayProp

Global investors sensing opportunity in Canada's housing shortage: Colliers – Financial Post

Government loosens restrictions on foreign buyers – PayProp

No items found.

See PayProp in action

Let us show you how to get more out of work and more out of life!

  • Real-time property management
  • Real-time bank integration
  • Real-time reconciliation & payments