Despite the high growth potential of emerging markets, Canada is still considered one of the top countries for investment from global companies in the real estate, hospitality and construction (RHC) sectors. The country ranked 5th behind India, China, Qatar and Chile in a new report from Ernst & Young Global Limited, called Global Capital Confidence Barometer: Real Estate, Hospitality and Construction.
RHC respondents were asked to pick 5 countries outside their local markets that their company would be most likely to invest in during the next twelve months.
Krista Blaikie, the National Real Estate leader with the network of firms, explained Canada “continues to attract the attention of investors searching for a stable political and economic environment not found in the Eurozone.”
The highest ranking for an EU country was Germany, which came in at 15.
Those ready to invest in the year ahead are considering smaller deals, with 64 per cent of companies expecting the majority of deals to fall between $51 million and $500 million US.
Altogether, industry members appear more optimistic about the state of the global economy according to the survey. Across all property types, global real estate transactions totalled $241 billion in the first quarter of 2013, up 23 per cent from last year.
A year ago, 53 per cent of RHC respondents said the economy is either stable or improving. This year, 85 per cent said the same.