With a career spanning more than 25 years, Donald Marr serves as the president and CEO of Diversified Investment Group, where he specializes in brokering commercial property contracts involving hotels, resorts, and office buildings. Donald Marr monitors the local and international real estate markets on a regular basis to identify new trends in real estate development.
A report published by PricewaterhouseCoopers and Urban Land Institute sheds light on how changing customer expectations and behaviors impact the real estate industry. One of the emerging trends in the Canadian housing market is the increasing demand for additional storage. Consequently, real estate developers are looking to do without certain appliances, such as ovens, to free more space in the kitchen.
Another rising trend in the real estate industry is co-living, which blends the privacy of apartments and the benefits of shared living areas at a less expensive price.
On the other end of the spectrum, consumer demand remains high for high-quality fixtures and appliances as well as diverse amenities. Services such as housekeeping and access to shops and entertainment are also sought-after features.