Canada Scores High On Real Estate Transparency

July 13, 2010

in Vancouver real estate

Jones Lang LaSalle and LaSalle Investment Management released their 2010 Commercial Real Estate Transparency Index, elevating Australia to the top spot as the world’s most transparent real estate market in 2010, pushing Canada into second place.

“Canada differentiates itself on having a combination of a sound banking system, well-developed commercial real estate lending standards and stable property markets with relatively low vacancy and rental volatility,” the report states.

“The country’s large, conservative financial institutions contributed to its high ranking, as did its relatively stringent protections for investors. Canada’s largest investment banks are housed within its chartered banks, which have strong deposit bases and high capital reserve ratios, making bank runs and wholesale failures unlikely.”

Read the full report here…

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