Handling the globalization of real estate: thoughts from the Canadian market

When it comes to real estate, it is now almost impossible to live in vacuum and protect oneself from global events or influences. Real estate agents who want to ride the wave of the future must now look beyond local and embrace global. This is not to say that local is not important — it is, and it always will be — but now is the time to look globally for opportunities.

Factors including the conservative Canadian banking system, universal healthcare, the solid international reputation, the abundance of water and resources, proximity to the United States, and a stable political system have positioned Canada as one of the safer havens for international buyers. The expanded marketplace might have resulted from the creation of international trade associations, shifting geopolitical barriers or even the advances of social media. Whatever the root cause, the reality is that globalization is clearly evident today in the Canadian real estate market — even as hyperlocal real estate becomes increasingly important.

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