Each year, Jones Lang LaSalle publishes a report on 'real estate transparency' that covers 82 countries. in their latest study, Canada was found to be the global leader!
Transparency is an economic concept that measures the amount of valid information that a buyer is able to access about a market. Transparency is an essential prerequisite for a free and efficient market.
The Jones Lang Lasalle Global Real Estate Transparency Index
looked at five key attributes of real estate transparency - performance measurement, market fundamentals, listed vehicles, legal and regulatory environment, as well as the transaction process.
For investors a high degree of transparency means that there is less risk. Laws are consistently applied and interpreted. Professionals have high ethical standards and accurate comparable market information is available.
For sellers of real estate there is also good news because a more efficient and transparent market will attract investment. The inflow of capital drives up prices. There is value in quality.
Congratulations to Canada's commercial real estate professionals - world leaders in their field!
1 comments:
I am not sure that we are definitely the top but I am sure Canada is very high. I am working as a Toronto real estate agent so I know how it is working in Canada well. You are taking it like usual and you also think system could be better but once you’ve tried how it is working e.g. in Eastern Europe you are in a minute sure that Canada is one of the best.
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