Toronto, Vancouver and Calgary are the world’s top cities for long-term real estate investment, a report by Grosvenor’s research said this week.
On April 9th the Financial Post published an article with the recent findings of the Grosvenor. For those that don't know The Grosvenor is an international property development company based in the U.K that ranks the world's Top 50 cities based on their resilience and how well they can cope with adverse events. Based on their findings Toronto, Vancouver and Calgary are the top 3 Cities in the world for long term Real Estate Investment. The Financial post Writes,
“The investment of city leaders in infrastructure and its commitment to upgrading it over the decades has put Toronto at the top of Grosvenor’s list of the world’s most resilient cities,” said Richard Barkham, Grosvenor’s Group research director. “For investors in property and real estate, it makes Canada a very sound long-term investment.”
This is excellent news for Toronto home owners and investors. Despite all of the media hype of a bubble and impending Real Estate doom the market continues to be resilient and quite competitive. Those listening to the naysayers and sitting on the sidelines are missing out on excellent investment opportunities that is being recognized by the global Real Estate Investment Community. Take a look at where other major Cities fall on the graph below:
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