Canada's real estate market faces challenges like high interest rates, construction costs, and labor shortages, but there are signs of optimism for 2025. The PwC Canada and ULI report highlights opportunities in distressed real estate, generative AI, and emerging asset classes such as data centers and cold storage. Sustainability is becoming essential due to climate risks, and foreign investors are returning, particularly in affordable markets like Calgary and Edmonton. Overall, while the outlook is mixed, adaptability and innovation may lead to growth.
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