2025 Real Estate Market Outlook

U.S. & Canada Economy and Real Estate Market Comparison

U.S. & Canada Economy and Investment Sector Evaluation

In 2025, Canada’s economic trajectories diverged significantly from those of the United States. Canada is teetering on the edge of “quasi-stagflation,” characterized by slowing economic growth, resurging inflation, rising unemployment, and limited room for monetary policy maneuvering. From 2023 to 2024, Canada’s per capita GDP continuously declined, with a 1.4% drop in 2024, and the OECD forecasts growth of only 0.7% for 2025–2026—well below the U.S. (2.2% and 1.6%) and the global average (3.1% and 3.0%).This reflects three main structural weaknesses: underinvestment in capital, lagging technological advancement, and demographic pressure. In contrast, the U.S. demonstrates stronger growth resilience and greater policy flexibility, with continued increases in per capita GDP, stable inflation and unemployment rates, ample room for policy maneuvering, and robust domestic demand.

Under this background, certain industries are facing structural pressures and are unlikely to deliver stable returns for investors in the short term, warranting cautious avoidance. First, the manufacturing, automotive, and export-oriented sectors in both countries are under dual pressure from high tariffs and supply chain disruptions, squeezing profit margins. Second, Canada’s real estate construction sector is struggling with rising costs and weak demand, leading to downward pressure on housing prices and a lack of market momentum. Third, small and mid-sized tech firms are vulnerable due to high interest rates and financing difficulties, with fragile valuations and unstable business models that are easily affected by external shocks.

From an economic trend perspective, asset classes that offer both short-term support and long- term growth potential are more worthy of attention. For example, in the existing U.S. and Canadian residential markets, the combination of anticipated interest rate cuts and rigid demand is gradually revealing valuation potentials. Defensive assets such as alpha strategy funds and infrastructure investments offer resilience and inflation protection, benefiting from expanded government spending. Additionally, value-recovery assets like private equity and private secondary market projects are poised for recovery and growth dual momentum under rate-cut expectations while Alpha strategy funds also demonstrate greater stability compared to traditional portfolios. Overall, investment strategies should align with macroeconomic trends, focus on high-quality assets, and avoid structural risks.

U.S. & Canadian Real Estate Market Comparison

U.S. Remains Strong Growth while Canada Recovers Slowly

As of early 2025, the U.S. commercial real estate market is valued at $20.6 trillion, while Canada’s market stands at just $1.94 trillion2. This means the U.S. market is 10.6 times larger than Canada’s, thus offering significantly more investment opportunities.

The U.S. economy is expected to maintain steady growth, supported by a rebound in consumer spending, easing financial conditions, and productivity gains. The anticipated economic growth in 2025 is likely to trigger a new real estate cycle, though this process still faces several structural challenges. On one hand, economic growth and improving real estate fundamentals are expected to drive a moderate recovery in real estate investment. On the other hand, the 10-year Treasury yield is projected to remain above a relatively high level of 4%. Combined with policy uncertainty—such as potential shifts under the new administration—evolving work models, migration rates, and the rapid development of the digital economy, these structural changes are reshaping the trajectory of the real estate market. These shifts present both new opportunities and corresponding challenges. The office real estate market, which began recovering in 2024, is expected to accelerate in 2025. Downtown office markets in the U.S. are set to recover steadily, while a shortage of high-quality office space is projected to emerge by year-end. Demand in suburban areas and “Sun Belt” cities will continue to grow. However, as population growth and generational shifts lead to the formation of new households, high homeownership costs will continue to drive demand for rental housing. Meanwhile, artificial intelligence, cloud computing, and the digital economy are fueling explosive growth in the data center market.

Comparatively, Canada is at a turning point on multiple factors—political, economic, and social, including the issue of housing affordability. Under various pressures, only certain segments of real estate investment in Canada hold growth potential. Although interest rates are expected to decline in 2025, the upward pressure on the real estate market may remain limited. Overall, leasing fundamentals are improving, though the industrial and for-sale residential sectors still require time to adjust. Nonetheless, the fundamentals of the multifamily housing market remain solid, developers may adopt a wait-and-see approach, delaying new projects until clearer market signals emerge4. This cautious development strategy could lead to short-term supply- demand imbalances, creating room for rental growth in existing assets.

Canadian Real Estate Market Review

Canadian Real Estate Market Overview

Low Economic Growth Projections; Impact of Immigration Restrictions; Uncertainty Remains

The Canadian real estate market continues to exhibit a persistent downward trend in transaction volume. However, the number of new listings has had an aggressive increase, even surpassing the high baseline levels of 2021 in certain months. This phenomenon of declining transactions with rising listings highlights a supply-demand imbalance: new supply is not being effectively absorbed, leading to inventory buildup and pushing the market into a phase of stagnation or mild decline.

According to national data, the average home sale price in Canada fell by approximately 3% year-over-year in 2024. Regionally, British Columbia (BC) saw a 2% decline, Ontario (ON) dropped by 3%, while the Prairie Provinces—Alberta, Saskatchewan, and Manitoba—recorded modest increases. This regional divergence is primarily driven by differences in underlying supply-demand dynamics. BC and Ontario both lack structural strength in home buying demand, with purchasing power and investment appetite weakening, resulting in sustained pressure on overall market activity.

Furthermore, affordability remains a core constraint on market recovery. Despite some price corrections, homeownership costs remain elevated under current interest rate levels, limiting the number of potential buyers entering the market. Between 2019 and 2021, ultra-low interest rates spurred a wave of developer activity, leading to a surge in commercial and

residential construction start. Now, as these projects reach completion and enter the market, a temporary supply peak has formed. However, market absorption capacity could not match the level of developer activities, further exacerbating the supply-demand mismatch and adding downward pressure on prices.

Key Factors Impacting Canadian Real Estate Market

According to estimates by the Canada Mortgage and Housing Corporation (CMHC), Canada needs to build approximately 6 million additional housing units by 2030 to restore housing affordability. However, the current pace of new housing construction falls far short of this target.In 2025, the number of new housing starts is projected to be under 250,000 units, dropping to below 240,000 in 2026, and further declining to under 235,000 in 2027. Although rental apartment construction remains relatively active, overall progress is lagging due to weakened investor confidence and slow permit approval processes.

Demand Side: Immigration Policy Adjustments to Ease Partial Housing Pressure

The Canadian federal government plans to reduce the proportion of temporary residents in the total population from 7% to 5%, primarily by limiting the number of international students and temporary foreign workers. This measure aims to alleviate short-term housing demand and ease pressure on the rental market.

Additionally, the government has announced a three-year reduction in new permanent resident intake targets starting in 2025: 395,000 in 2025 (down from the original target of 500,000), 380,000 in 2026, 365,000 in 2027. This marks the first multi-year downward adjustment in immigration quotas since 2018.

Supply Side: Weak Construction Momentum Widening the Housing Gap

Developers are currently facing multiple challenges, including rising construction costs—driven by material tariffs, labor shortages, and supply chain bottlenecks—high financing costs, and slow permitting processes. These pressures have led to low developer confidence and reduced willingness to build, resulting in widespread project delays or cancellations and a significant decline in overall construction activity.

According to Immigration, Refugees and Citizenship Canada (IRCC), the housing supply gap could be reduced by approximately 670,000 units by the end of 2027. However, at the current pace of construction, the housing shortage is expected to persist for decades and cannot be fundamentally resolved in the short term. In fact, the supply gap is projected to widen. Based on current population growth and an annual construction rate of 200,000 units, the market is not expected to reach supply-demand equilibrium until the 2050s.

Liberal Party Related Policy Proposals

Advocating for Direct Government Intervention; Definite Support for Affordable Housing Development

The Liberal Party’s housing policy emphasizes government intervention to systematically address the housing affordability crisis through direct investment, fiscal support, and institutional reform.A core strategy includes the establishment of a “Canada Housing Corporation” to lead the construction of nearly 500,000 housing units annually. The plan also involves leveraging federal land for affordable housing development to expand overall supply capacity. Additionally, the Liberals propose cutting multifamily development fees by 50% to reduce construction costs and accelerating approval processes through government-led projects.

To support essential housing demand, the Liberal Party focuses on first-time homebuyers. It proposes exempting newly built homes priced under CAD 1 million from the Goods and Services Tax (GST) and promoting new developments specifically targeted at this demographic.

The government also plans to provide up to CAD 25 billion in financing to innovative housing builders, such as prefabricated housing companies, to enhance construction efficiency and diversity.

In terms of tax policies, the Liberals propose reducing capital gains taxes on amounts under CAD 250,000, while increasing the inclusion rate on gains above that threshold from the current 50% to 66%. This aims to increase the tax burden on high capital gains, promoting fairness and regulatory effectiveness in the housing market.

Overall, the Liberal Party advocates for boosting rental housing supply through GST exemptions, faster permitting, and the revival of the federal rental housing program. Their housing policies are centered on “government-led supplies”, emphasizing direct construction, fiscal investment, land allocation, and tax reform to proactively expand housing availability. The policy places particular focus on affordable housing and first-time buyers, reflecting a strong interventionist stance and intent for structural reform.

Future Investment Opportunities Overview

Over the past two decades, Canada’s housing market has experienced significant structural imbalances with affordability steadily deteriorating, driving a large portion of the population toward the rental market. From 2006 to 2024, the average annual income growth for Canadian households was 2.8%, but average rent for two-bedroom apartments rose by 3.3% annually and home prices surged by an average of 5.1% per year. This indicates that home prices have far outpaced income growth, raising the barrier to homeownership and forcing more families to exit the buying market in favor of rental solutions.

This trend is particularly evident at the regional level. In 2024, Canada’s national average rental vacancy rate dropped to 2.7%, below the historical average of 3.1%, reflecting ongoing tension in the rental market. Cities with relatively manageable living costs and reasonable rents, such as Halifax, Edmonton, and Winnipeg, have seen continued population inflows, driving rapid rent increases and emerging as rental market hotspots.

Meanwhile, although major cities like Toronto and Vancouver experienced short-term rent corrections in 2024, this was largely due to a temporary surge in supply. However, recent data shows a significant decline in new housing constructions in these cities, suggesting that future supply will be strained. Once current inventory is absorbed, rents are expected to rise again, especially amid continued immigration and strong population growth.

On the supply side, cities like Calgary and Edmonton in Alberta continue to maintain high levels of new housing construction, benefiting from net population inflows and relatively low land development costs. These cities’ rental markets are in a phase of rapid expansion, offering structural investment opportunities.

5 Key Factors Impacting U.S. Real Estate Market

Demographics:   Generation   Structure   Analysis   &   Market Projections

The long-term fundamentals of the U.S. residential real estate market are firmly rooted in robust population growth. Between 2020 and 2060, the U.S. population is projected to increase by approximately 79 million, reaching 404 million. This growth is driven by both domestic birth rates and a steady influx of immigrants. Currently, immigrants account for 13.8% of the total population, and this proportion is expected to rise. This stable and diverse population expansion provides a broad and sustained foundation for housing demand.

From a generational perspective, the two most influential demographic groups in the U.S. today are the Baby Boomers (born 1946–1964) and Millennials (born 1981–1996), each comprising roughly one-fifth of the national population. As Baby Boomers transition into retirement, their housing needs are shifting from traditional high-end homes to senior living communities and specialized healthcare facilities, driving rapid growth in healthcare real estate and long-term healthcare investments.

Meanwhile, Millennials, the backbone of the labor force currently, prioritize affordability and convenience in their housing choices, with a strong preference for mid- to lower-priced homes near work buildings. This trend is fueling the development of “work-centric” affordable housing, where the balance between work and lifestyle has become a central consideration in housing decisions.

Geographically, population migration is reshaping the U.S. real estate investment landscape. The “Sun Belt” regions—including Southern California, Texas, Florida, and Georgia—continue to attract significant population inflows due to lower living costs, the popularization of remote work, and a high quality of life. At the same time, suburbanization is accelerating, with secondary cities and satellite towns experiencing rising residential demand. The level of infrastructure in these areas is becoming a key determinant of property value growth potential.

Residential    Market:    Structural    Shortages    &    Long-term Opportunities

Market Imbalance: Homebuyers Underserved, Turning to the Rental Market

The U.S. housing market is undergoing an unprecedented structural shortage, particularly pronounced in small and mid-sized cities. As population inflows continue and relocation demand increases, housing demand in these areas is rising rapidly. According to recent projections, the U.S. will face a cumulative housing shortage of approximately 4 million units between 2025 and 2030, creating a prolonged supply-demand imbalance.

The root of this shortage lies in a combination of factors on both the demand and supply sides. On the demand side, two long-term trends are especially significant: First, the aging Baby Boomer generation (born 1946–1964) is shifting from traditional high-end housing to senior living communities and specialized care facilities, driving demand for healthcare and assisted living real estate. Second, Millennials (born 1981–1996) are entering their prime household formation years, becoming the dominant force in the housing market. Their demand is steadily increasing, with a strong emphasis on affordability and convenience.

At the same time, rapidly rising home prices have further raised the barrier to homeownership. Over the past 15 years, U.S. home prices have surged by more than 132%, far outpacing income growth. This has excluded many low- and middle-income families from the homebuying market. The most severe issue lies in the structure of U.S. mortgages, which are typically 30-year fixed-rate loans. Unlike Canada’s short-term renewable mortgages, these long-term U.S. mortgages lock buyers into lengthy financial commitments. In a high-interest rate environment, this significantly impairs housing affordability for the general population.

On the supply side, builder confidence has steadily declined. The U.S. Homebuilder Confidence Index has fallen from its 2021 peak and dropped below the neutral threshold of 50 by late 2024 to early 2025, currently hovering around 40. This reflects widespread pessimism about the market outlook. Behind this decline are deep-rooted structural barriers: restrictive zoning laws, complex permitting processes, material tariffs, labor shortages, and rising financing costs. Together, these challenges have dampened enthusiasm for developing multifamily and affordable housing, severely limiting supply capacity.

As a result, more potential homebuyers are being pushed into the rental market, driving up demand for rental housing. For investors, this trend presents a compelling investment opportunity. Affordable multifamily housing targeting the mass market, especially in mid-sized cities, Sun Belt states (e.g., Georgia), and suburban areas, is poised to become one of the most promising investments over the next decade. These regions benefit from population inflows, lower living costs, and the rise of remote work, offering strong long-term value.

In summary, the U.S. housing market is undergoing a deep structural adjustment. A combination of undersupply, generational shifts, and regional migration trends is reshaping the landscape. Investors should focus on three key themes: Senior and assisted living real estate, affordable housing that meets Millennial demand, and Southern and suburban markets benefiting from population migration. These areas are expected to deliver stable and attractive long-term returns.

Innovation: Focusing on Future Market Opportunities

The United States holds a leading position in global innovation, ranking third among OECD countries in R&D spending as a percentage of GDP. In 2024, total public and private R&D investment in the U.S. reached a historic high of $415 billion, spanning knowledge-intensive industries such as software, pharmaceuticals, biotechnology, advanced manufacturing, and renewable energy. These sectors are not only key drivers in U.S. economic growth but are also generating a wave of new real estate demand.

With the rapid development of innovation-driven industries, the U.S. has formed approximately 20 major innovation clusters, which collectively contributed 27% of national GDP in 2023. Within these clusters, property types such as life sciences parks, data centers, cold chain logistics facilities, and tech campuses have experienced explosive growth, emerging as new frontiers for real estate investment. These regions boast strong economic vitality and attract a high concentration of skilled talent and enterprises, fueling population growth and job creation, and further strengthening real estate fundamentals.

Take Atlanta as an example: it is the sixth-largest industrial hub in the U.S. and a leader in logistics and supply chain technology. Its geographic advantage is significant—within a two-hour flight radius, it can reach 80% of the U.S. population and is home to one of the world’s busiest airports. The airport and surrounding area support approximately 448,000 jobs. Over the past five years, Atlanta’s tech employment has grown by 6%, far exceeding the national average, underscoring the strong momentum of these innovation clusters.

Given these trends, real estate investors should actively focus on asset classes closely tied to the innovation economy, including R&D centers, tech parks, data centers, tech-fueled commercial facilities, and high-end warehousing. These assets not only offer strong capital appreciation potential but also benefit from deep integration with high value-added industries, providing greater resilience to economic cycles and stable cash flow returns.The innovation economy is becoming a new growth engine for the U.S. real estate market. Amid structural housing shortages and intensifying competition in traditional property sectors, focusing on real estate assets aligned with innovation clusters and emerging industries will represent one of the most strategically valuable investment strategies over the next decade.

Global Shift: Supply Chain Restructure & Return of Domestic Manufacturing

Amid the reshaping of global trade dynamics and the restructuring of supply chains, the U.S. industrial real estate market is undergoing a structural transformation and entering a period of unprecedented growth opportunities. Trade tensions and geopolitical uncertainties are prompting the U.S. to accelerate the reconfiguration of its global supply chain, gradually reducing reliance on China and shifting toward strengthening domestic manufacturing and regional trade integration.

The U.S. government has pledged up to $700 billion in funding to support the “reshoring” of manufacturing, with a focus on key sectors such as semiconductors, electric vehicles, renewable energy, and biotechnology. For example, Swiss pharmaceutical giant Novartis plans to invest $23 billion in U.S.-based production facilities over the next five years to mitigate tariff risks—an initiative expected to create over 4,000 jobs. These policies and corporate strategies are projected to generate over 100 million square feet of new demand in the U.S. industrial real estate market in the coming years, particularly in high-tech manufacturing parks, advanced warehouse facilities, and regional supply chain hubs.

Data shows that e-commerce companies require more than three times the warehouse space of traditional retailers. For every $1 billion increase in e-commerce sales, approximately 1 million square feet of additional warehouse space is needed. Over the next five years, the U.S. market is expected to see an additional 340 million square feet of e-commerce-related warehouses, spanning regional distribution centers, automated warehouse hubs, and last-mile delivery facilities. Last-mile delivery capabilities have become a core competitive advantage for e- commerce firms. High-quality urban-edge distribution centers not only significantly reduce transportation and labor costs but also enhance customer experience and fulfillment efficiency, making them a key focus for capital investment. The continued expansion of e-commerce is becoming another powerful engine driving industrial real estate demand.

Resilient Structure: Creating Sustainable Commercial Sector Portfolio

Following a period of macroeconomic volatility, industrial restructuring, and cyclical market shifts, real estate investors now face a critical question: how to build portfolios that offer long-term stability and cross-cycle performance. The answer lies in systematically enhancing the resilience of investment portfolios—an approach that can be developed across three core dimensions.

Economic resilience refers to an asset’s ability to maintain value and income-generating capacity across economic cycles. The focus is on the quality of regional economic fundamentals and the sustainability of local industry structures. Investors should prioritize areas with strong employment growth, population inflows, and diversified economies—especially those with clusters of growth industries such as high tech, life sciences, and clean energy. These regions not only offer greater risk resistance but also stronger potential for sustained real estate appreciation.

Operational resilience dimension relates to the efficiency and adaptability of the asset itself. Key factors include energy efficiency, infrastructure modernization, and smart management capabilities. In innovation clusters or high-density urban areas, properties with green certifications, intelligent systems, and high adaptability are more likely to attract premium tenants and improve operational performance. Investors should prioritize these forward-looking assets during the selection process as their intrinsic qualities determine long-term competitiveness.

Long-term resilience refers to the systemic stress resistance of the overall portfolio. A truly sustainable investment portfolio depends not only on the performance of individual assets but also on the robustness of the overall allocation strategy. This includes proactive risk management, alignment with sustainability goals, and diversification across asset classes, geographies, and market cycles. For most investors, relying on professional investment management is essential. Skilled managers should integrate all three resilience dimensions— economic, operational, and strategic—into asset selection, due diligence, portfolio construction, and dynamic rebalancing to achieve stable and cross-cycle growth. Investors should embed concepts such as active risk management, sustainability, and asset diversification into their long-term strategy to build enduring resilience.

To summarize, the future of real estate investing is not just about picking the right assets but about building the right system. By focusing on the three pillars of resilience—economic, operational, and long-term—investors are better positioned to construct high-quality and sustainable portfolios capable of withstanding complex and volatile market environments.

Summary of Real Estate Market Projections & Investment Opportunities

U.S. Residential Sector Current Outlook & Opportunities

Against the dual pressure of demographic transformation and housing market imbalances, the

U.S. residential sector is exhibiting increasingly pronounced regional disparities. Based on changes in active listings between March 2019 and March 2025, we can clearly observe the dynamic evolution of housing supply across states before and after the pandemic.

Data shows that the most significant inventory declines occurred in the Northeast and Midwest, including states like California, Vermont, Michigan, and New York. These areas have seen a steep drop in active listings compared to pre-pandemic levels, reflecting persistent supply constraints, heightened market competition, and upward pressure on both home prices and rents. In such supply-constrained markets, rental housing investments offer strong return potential, though investors should remain mindful of policy risks such as rent control and property tax increases.

In the Sun Belt region, investment strategies require more nuanced site selection. Priority should be given to secondary markets with strong job growth and limited land availability, while avoiding areas with short-term oversupply. States like New Mexico, North and South Carolina, and Georgia continue to benefit from steady population inflows and constrained housing inventory, maintaining tight supply-demand dynamics and offering both capital appreciation and stable cash flow potential. In contrast, parts of Florida and Texas have seen a notable increase in housing supply since the pandemic—Florida alone increased by 16%—driven by abundant land and lower construction costs. However, demand growth has not fully kept pace, leading to signs of overheating and price correction pressures in some local markets.

In the affordable housing segment, supply-constrained states such as California and New York are well-suited for long-term rental housing strategies aimed at generating stable rental income. For investors seeking a balance between capital growth and cash flow, Sun Belt states with ongoing supply-demand tightness—such as the Carolinas, Georgia, and New Mexico—are relatively favorable. In contrast, in areas experiencing rapid supply expansion (e.g., parts of Texas and Florida), investors should carefully assess market absorption capacity and policy risks before entering. Overall, the U.S. residential market is increasingly characterized by a dual pattern of structural shortages and regional divergence. Investors should base their strategies on demographic trends and focus on supply-demand fundamentals to accurately identify the true resilience and return potential of regional markets.

U.S. Industrial Sector Current Outlook & Opportunities

Amid the reshaping of the global economic landscape and accelerating technological changes, the U.S. industrial real estate sector is entering a new phase of structural growth. This transformation is being driven by three key forces:

First, the rapid expansion of innovation-driven industries—such as life sciences and data centers—is fueling surging demand for specialized industrial properties. The U.S. has developed around 20 core innovation clusters, which have contributed to annual rent growth in surrounding areas. These clusters create unique investment opportunities through a virtuous cycle of industry, talent, and space, offering higher premiums and stronger resilience across economic cycles.

Secondly, tariff policies and geopolitical tensions are prompting multinational companies to accelerate localization strategies, reshaping the domestic industrial landscape. For example, Novartis plans to invest $23 billion over the next five years to build or expand 10 manufacturing facilities in the U.S., creating over 4,000 jobs. Volkswagen is considering establishing Audi and Porsche production bases in the U.S., while Honda has relocated production of its Civic model from Mexico to Indiana. These trends are generating sustained demand for industrial real estate, particularly in warehousing and supporting infrastructure near reshoring hubs.

Thirdly, E-commerce continues to grow at a steady annual rate of 5–10%, increasing its share of total retail sales. E-commerce companies require more than three times the warehouse space of traditional retailers, proving the continuous increase of industrial warehousing demand.

E-commerce as a Percentage of Core Retail Sales

Given these three structural trends, investors should prioritize the following areas when allocating capital to U.S. industrial real estate: innovation clusters and surrounding areas—including high-tech manufacturing parks and supporting residential developments; regions benefiting from manufacturing reshoring, particularly warehousing assets tied to major U.S. manufacturing industries; and key nodes in the e-commerce network, especially urban distribution centers with strong transportation access and population density. By aligning with these structural drivers, investors can uncover high-quality industrial assets with long-term growth potential and stable cash flow over the next decade.

Long-term Trends Summary

In the current era of transformation, the U.S. real estate market is undergoing unprecedented structural change. Shifting demographics are reshaping residential demand patterns, with Millennials emerging as the backbone of the economy. Their emphasis on affordability, convenience, and quality of life is driving sustained demand for affordable housing in secondary and tertiary cities. At the same time, Sun Belt cities continue to attract significant population inflows due to their favorable living environments and economic vitality, further intensifying housing supply-demand imbalances in these regions.

Meanwhile, the U.S. housing market is facing a severe structural mismatch between supply and demand. On one hand, rising home prices are pushing more families out of the ownership market. On the other, high interest rates, rising construction costs, tariffs, and regulatory constraints have severely limited new housing supply. The national housing shortage has reached 4 million units. This imbalance is fueling rapid growth in the rental housing sector, making it a key focus for investors.

In response to these structural shifts, investors should focus on four strategic areas: affordable housing in secondary and tertiary cities, driven by aging demographics and Millennial household formation; industrial corridors benefiting from manufacturing reshoring, with a focus on domestic warehousing and logistics infrastructure; key nodes in the e-commerce logistics network, especially small-scale last-mile distribution centers on urban peripheries; and specialized assets driven by technological innovation, such as life sciences campuses and medical office properties. With over $700 billion in investment flowing into reshoring and e-commerce-related sectors, these trends are not only accelerating industrial expansions but also generating strong demand for modern logistics and warehousing facilities. Additionally, investors should consider resilient asset classes that perform well across economic cycles, such as essential retail, infrastructure, and affordable housing.

To conclude, to succeed in this evolving landscape, investors must understand the underlying dynamics of demographics, policy, technology, and industry. By doing so, they can build high- quality real estate portfolios with long-term growth potential and strong resilience across market cycles, laying the foundation for sustainable and stable development.

RISK DISCLOSURE

Investing in securities and other financial products involves a variety of risks that may result in partial or total loss of principal. The strategies and market insights discussed herein are subject to, among others, the following risks: 

• Market Risk: securities values fluctuate due to economic, political, and market-specific factors, with no assurance of achieving stated objectives.

• Liquidity Risk: some investments may be illiquid and difficult to sell without loss.

• Capital at Risk: certain investments may carry a high risk of loss, and past performance does not guarantee future results.

• Credit and Counterparty Risk: the risk that issuers or counterparties may default.

• Currency and Political Risk: foreign investments may be impacted by exchange rate fluctuations and political instability.

• Concentration Risk: non-diversified portfolios may suffer increased volatility.

• Derivatives and Leverage: these can amplify both gains and losses and introduce additional risks.

• Lack of Information or Operating History: investments in exempt securities without sufficient data carry greater uncertainty.

  Investors should recognize that such and other risks may cause actual results to differ significantly from objectives. No assurance is given that any strategy will succeed, and all investments carry inherent risks, including the potential loss of capital.

IMPORTANT NOTICE

The views and opinions expressed herein are solely those of the author(s) as of the publication date and do not necessarily reflect the views of Enoch Wealth Inc. or its affiliates. This material is not intended for distribution to, or use by, any person or entity in any jurisdiction where such distribution or use would be contrary to applicable laws or regulations. Recipients of this material should ensure that they comply with all relevant local legal and regulatory requirements.

Before acting on any information contained in this publication, readers should consider their own financial situation and risk tolerance and seek independent professional advice as necessary.

DISCLAIMER

The information contained herein is for general informational and educational purposes only and does not constitute an offer, solicitation, or recommendation to buy or sell any securities or financial products. The market insights, opinions, and analyses expressed in this publication are those of the author(s) as of the date of publication and are subject to change without notice. They are not intended to be, and should not be construed as, personalized investment advice or a substitute for professional advice tailored to your specific financial circumstances. All investment product information contained herein is provided by the respective issuers. Enoch Wealth Inc. and its affiliates make no representations or warranties regarding the accuracy or completeness of such information and shall have no liability or obligation to any party for any loss or damage arising, directly or indirectly, from the use of or reliance on the information provided.

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