Commercial real estate
Queen’s University Urban and Regional Planning professor John Andrew is available to talk about the performance of commercial real estate, which is emerging as a safe haven from the stock market chaos of the past few months.
“As securities markets continue to experience remarkable volatility and have declined in value dramatically over the past several months, one asset class has emerged as a stable and safe haven – commercial real estate. This is especially true in Canada. While the S&P/TSX Composite Index is down almost 17 percent so far in 2011, the capped REIT Index is up more than 7 percent, and has experienced much less volatility. While Canadian commercial real estate has outperformed that in many other countries, it has been one the best performing asset classes in most countries. There are fundamental reasons why it should continue to outperform, at least in economically-stable countries such as Canada,” says Dr. Andrew, who specializes in real estate and is the director of Queen’s University’s Executive Seminars on Corporate & Investment Real Estate.
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