PWC says it’s “beds, sheds, and redevs” for a good investment in Canada

According to a new PricewaterhouseCoopers (PWC) analysis, investors hoping to make the best bets on Canadian real estate in 2022 should go to “beds and sheds.”

PWC’s Emerging Trends in Real Estate 2022 research revealed methods investors are optimizing investment portfolios in the coming year, based on comments from investors, fund managers, developers, consultants, and other real estate industry experts.

“More than ever, firms must begin on a transformation programme focused on proactively controlling expenses, driving innovation, and investing in the most promising business possibilities,” according to the research.

So, what precisely are these enticing prospects? “Beds, sheds, and redevs” are the current best bets, according to those contacted by the article.

Moderate income/workforce apartments and single-family rental housing were two separate types of rental housing that placed high on the list of investments.

According to the paper, “the demand for additional space is one element enhancing the chances for single-family rental housing, which can provide a more reasonable option to buying a low-rise home.” Although the single-family house market is projected to decrease from its peak during the epidemic, it is expected to remain strong.

Another emerging area of interest for investors is the creative reuse of old or underperforming properties that an investor may already own.

Medical offices, which are appealing to many investors due to their stability, will continue to be in demand, especially as the Canadian government works with pharmaceutical companies to expand the business in order to assure the supply of products such as vaccinations.

“Owners of older, poorly performing retail properties might, for example, take a fresh look at how they can redevelop them to incorporate more promising uses,” stated the report says. “Real estate players struggling to find new industrial opportunities to develop could consider repurposing properties they already own for uses like warehousing, fulfillment, and last-mile delivery that are in high demand.”

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