{"id":16994,"date":"2020-12-08T10:10:00","date_gmt":"2020-12-08T18:10:00","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=16994"},"modified":"2020-12-07T10:00:09","modified_gmt":"2020-12-07T18:00:09","slug":"in-demand-multifamily-industrial-are-a-safe-asset-to-invest-in-2021","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2020\/12\/in-demand-multifamily-industrial-are-a-safe-asset-to-invest-in-2021\/","title":{"rendered":"In Demand Multifamily &#038; Industrial are A Safe Asset to Invest in 2021"},"content":{"rendered":"<p style=\"text-align: justify;\">Uncertainty is a dominant theme going into 2021, according to a new report from PwC, but there are some sure bets.<\/p>\n<p style=\"text-align: justify;\">According to PwC\u2019s Emerging Trends in Real Estate 2021 report, which studied residential and commercial property markets in the US and Canada, the COVID-19 crisis has created a scenario in which so-called \u201calternative assets,\u201d or niche sectors, have emerged as robust income-producing vehicles. Single-family rental housing, suggests the PwC report, is a safe asset class going into 2021 because, as more people work from home, they will desire more space.<\/p>\n<p style=\"text-align: justify;\">That partially explains why condo markets in major Canadian cities are feeling the pandemic\u2019s squeeze. Although single-family detached houses on the peripheries of Toronto and Vancouver are selling quickly, the laws of supply and demand dictate that most people who live in them will need to rent, as the PwC report believes they will.<\/p>\n<p style=\"text-align: justify;\">Moreover, multifamily housing in Canada\u2019s expensive cities will always be in demand, and PwC advises that it\u2019s a safe asset in which to invest in 2021.<\/p>\n<p style=\"text-align: justify;\">\u201cAlthough some pandemic impacts\u2014notably, reduced immigration, the desire for more size, and unemployment\u2014may put a damper on demand for very dense housing types, interviewees emphasized that shelter remains a core need and noted the stability that the multifamily category can offer right now,\u201d the report read. \u201cBut demand may shift, with renters and homebuyers looking to live in townhouses and mid-rise buildings rather than larger towers that have been the trend in urban centers in recent years. Interviewees also emphasized that the best prospects are for more affordable multifamily housing options, especially in light of uncertainty about jobs and the economy.\u201d<\/p>\n<p style=\"text-align: justify;\">Outside the residential market, investors would be wise putting their money into the industrial sector, particularly warehousing and fulfilment facilities, which can\u2019t be built fast enough as e-commerce continues supplanting brick and mortar retail. Although the trend began before the pandemic, it has certainly become exacerbated by it.<\/p>\n<p style=\"text-align: justify;\">\u201cThis category topped the list of both investment and development prospects in our survey this year,\u201d read the report. \u201cThe growth of e-commerce is a significant factor, but interviewees also cite supply chain disruptions during the pandemic as a key contributor, since some companies respond to these challenges by holding more inventory.\u201d<\/p>\n<p style=\"text-align: justify;\">Facilities that offer last-mile delivery in urban areas, the report cited interviewees as extoling, offer value because they\u2019re rapid delivery solutions.<\/p>\n<p style=\"text-align: justify;\">\u201cThe interest in warehousing and fulfillment is consistent with interviewees across the country, although certain centers\u2014notably, Calgary, Ottawa, and port cities in Atlantic Canada like Halifax\u2014have particularly strong sentiment. The biggest challenge is finding available space, although some interviewees mentioned opportunities in adapting mixed-use properties to incorporate fulfilment.\u201d<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.canadianrealestatemagazine.ca\/news\/invest-in-multifamily-industrial-in-2021-pwc-334357.aspx\" target=\"_blank\" rel=\"noopener noreferrer\">PwC : Invest in Multifamily &amp; Industrial in 2021<\/a> by Neil Sharma | Canadian Real Estate wealth<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Uncertainty is a dominant theme going into 2021, according to a new report from PwC, but there are some sure bets. According to PwC\u2019s Emerging Trends in Real Estate 2021 &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2020\/12\/in-demand-multifamily-industrial-are-a-safe-asset-to-invest-in-2021\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-16994","post","type-post","status-publish","format-standard","hentry","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>In Demand Multifamily &amp; Industrial are A Safe Asset to Invest in 2021 &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2020\/12\/in-demand-multifamily-industrial-are-a-safe-asset-to-invest-in-2021\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"In Demand Multifamily &amp; Industrial are A Safe Asset to Invest in 2021 &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Uncertainty is a dominant theme going into 2021, according to a new report from PwC, but there are some sure bets. 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