KPMG’s 2019 Canadian CEO Outlook reveals common strategies and concerns shared by developers, owners, and managers alike
Confidence is high among Canada's real estate community – and rightfully so. Many of our construction firms have a reputation for bringing innovative approaches and technologies to highly sophisticated projects around the world. We are also home to developers and asset owner/managers who are pushing boundaries on smart building designs and implementations. Our institutional investors are among the largest, most active and sophisticated in the world.
For these reasons, real estate CEOs are among the majority of Canadian leaders in the 2019 Canadian CEO Outlook who believe they are positioned to be market disruptors, and of the three-quarters of respondents who are actively encouraging cultures of innovation within their organizations.
From the movement towards 'smart' cities, the inevitable impact of automated vehicles on commercial and residential developments, the societal outcry for cleaner building technologies and equipment, or the demand for stronger data privacy and security, much of what the industry is facing now is a dress rehearsal for the real show. Continual innovation, and a focus on cyber security and securing talent, will be critical to keeping Canada successful.
Download the PDF to learn more about the biggest opportunities and barriers to growth impacting the real estate industry.