Sector | Answer |
Agricultural land |
|
Urban land |
|
Office |
|
Shopping |
|
Industrial properties |
|
Hotels |
|
Resort properties |
|
Rental housing & rental apartments |
|
Owner-occupied apartment or condominiums |
|
Detached houses, rowhouses or low-rise residence |
|
Residential land subdivision |
|
Retirement living |
|
Overall Assessment for your country |
|
I think office space demand will shrink. Hybrid work models will be the norm. Many employees that have worked successfully from home will want to continue to do that. Some full time and others 2-3 days a week. This means that the retail markets in major cities will be impacted and they will need to readjust themselves. I do believe we will see inflation. And, I am concerned that there is too much money out there, people are being crazy and we will be crashing. Not all sectors.
We should be aware and work to mitigate risk. We should be careful not to over leverage. We also need to watch and do more to prepare for continued climate chaos. This means we may have increased operating expenses which can have a negative impact on values. We need to be flexible.