May 18, 2021    中文(简体)   

Toronto's real estate industry needs to remain flexible as expectations shift: PwC

Toronto's real estate industry heard Friday they will need to become increasingly nimble and adaptable as tenant expectations and building possibilities evolve.

Speaking at the Toronto launch of a 2020 trends report, PwC director of real estate research Andrew Warren says silos around real estate categories are blurring more than ever before.

The report by PwC and the Urban Lands Institute says mixed developments will become even more common and start to integrate more features like dedicated short-term rental space and package receiving rooms.

High housing costs could also create growth in co-living and other alternative housing models as both younger workers and seniors look for a place to live.

The report also found a rising unease in the industry because of high asset prices and rising costs for land and labour that could leave many in the industry holding back in the year ahead.

It says concerns around cybersecurity are also increasing as technology becomes integrated into real estate.

The Canadian Press

Share

 

Central Toronto
8 Sampson Mews, Suite 201
Toronto, Ontario, M3C 0H5
Tel: 416.443.0300
www.mytorontohome.com
Mississauga
30 Eglinton Ave. W., Suite 201,
Mississauga, Ontario, L5R 3E7
Tel: 905.568.2121
www.mywestendhome.com
Downtown
154 Bathurst Street,
Toronto, Ontario, M5V 2R3
Tel: 416.205.0355
www.rlpdowntown.com
 

 

ROYAL LePAGE Signature Realty, Brokerage, Independently Owned & Operated