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Previously, a decline in the United States financial system would have affected the market in Ontario, Canada as well. But thus far, this has not happened and a few analysts speculate that Canada is gaining economic independence. With a large supply of natural resources, the second-largest country in the world has fended off economic woes thus far and Canada's real estate market continues to grow. While expansion to the urban districts is predicted to decline in 2008, some other regions are forecasted to see sharp increases in property sales as investors and home-buyers look for economical land, in more rural areas. Unlike U.S. financial institutions, Ontario's banks never offered subprime loans and have been able to avoid the credit predicament that has affected the United States. Commercial real estate investors and home-buyers in Ontario are therefore able to obtain low-interest credit rates during this time of growth. There are several large commercial real estate companies operating in and around Ontario. These include: Trammell Crow Company — Trammell Crow Company is among the principal commercial real estate companies in Ontario, Canada. This company offers a complete range of services for institutional investors, chief multi-national businesses, and other customers. Furthermore, Trammell Crow offers in-house engineering, architecture, construction, space planning, and environmental services. The company manages a total of 494 million square feet of space through its various commercial ventures. JMB Realty — This company possesses, builds up, and directs management of various kinds of commercial real estate properties in the United States and in Canada. JMB and JMB Advisory Group offer real estate consulting and management to big institutional shareholders in the commercial real estate sector. Lincoln Property Company — This business was established in 1965 to structure and operate superior-class suburban communities in the Southwest. This company ranks among the five leading commercial and residential firms in the country with properties in 200 cities. It has developed more than 140 million square feet of business space while its residential enterprise includes more than 140,000 multi-family housing units. CB Richard Ellis — This company is considered to be the largest incorporated commercial real estate company in the world. It offers property management, sales, and leasing services, investment banking, investment management, corporate services, appraisal and inspection, capital market consulting and research services. With offices in cities around the globe, CB Richard Ellis reaches globally while offering localized expertise.
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