Real Estate: Urban Land Institute

Urban Land Institute: Retail real estate will remain a buy next year, especially in Toronto and Calgary, as retailers look to open more stores in the core and catch up with the growing number of people now living downtown, says the 35th annual study of emerging real estate trends by the Urban Land Institute and PricewaterhouseCoopers, according to The Star. Canada still remains under retailed compared to the U.S. in terms of shopping space per capita and foreign retailers remain on the hunt for prime new or reformatted space in whats seen as a stable, healthy economic environment, it notes and The live, work, shop shift to the core is playing out across most Canadian cities and its impact will continue to be felt through a number of real estate sectors in 2014, says a new report. The intensification happening in most major downtowns, combined with reverse migration from the suburbs to the core, is one of the most forceful and rapidly emerging secular trends in both corporate office and residential real estate, says the state-of-the market report released Tuesday. (www.immigrantscanada.com). As reported in the news.