Hotels hurt by pandemic could become affordable housing

“On the periphery of Vancouver and Toronto, there are pockets of opportunity. When you look at commercial real estate broadly, retail is a victim of COVID and that’s still playing out.”

Canadian housing starts hit 273,664 in March, up from 252,636 a month earlier, but the enhanced activity still hasn’t been able to keep pace with voracious demand.

According to this chief business development officer in Burlington, off-market investments have less competition and allow for more time to inspect the property.