In the latest JLL Global Real Estate Transparency Index 2024, Canada has once again proven its commitment to transparency, securing the 5th spot on the list! This prestigious ranking highlights the country's openness, integrity, and trustworthiness in real estate transactions. With an overall score of 1.49 (where 1 is the best), Canada stands tall among the world's leading markets.
Why does real estate transparency matter?
Higher transparency fosters trust between buyers and sellers, creating a fairer, more reliable market. Whether you're investing or purchasing a new home, knowing you're in one of the world's most transparent markets should provide peace of mind.
How Canada compares globally
Canada shares its 5th place position with the Netherlands, trailing behind:
- United Kingdom (1.24)
- France (1.26)
- United States (1.34)
- Australia (1.37)
This means Canada is ahead of many other nations when it comes to market integrity and credibility!
Canada shines in key areas
- 2nd in Market Fundamentals: Tying with Australia and just behind the United States, Canada's strong market fundamentals reflect stability.
- 5th in Regulatory & Legal Transparency: Countries like the United Kingdom and France may lead, but Canada’s strong legislative framework secures its top spot.
- 6th in Sustainability: As the global focus on ESG (Environmental, Social, Governance) factors grows, Canada's leadership in sustainability is one to watch.
What’s driving Canada’s success?
Over the past two years, new rules on beneficial ownership and upcoming climate-related disclosure regulations have boosted Canada's position. Key cities like Montreal and Vancouver are also stepping up with stricter regulations on greenhouse gas emissions, further solidifying Canada's transparency.
Are you ready to explore opportunities in one of the world’s most transparent real estate markets? Let’s connect and discuss how this ranking benefits you as a buyer, seller, or investor!
Learn more FINTRAC targets money laundering in Canadian real estate