What has caused the Canadian market to be labeled as very small compared to Europe or Asia?

The Canadian real estate market is often considered very small compared to Europe or Asia primarily due to its population size. With a population of approximately 38 million people, Canada has a significantly smaller market in terms of the number of potential consumers and investors compared to the densely populated regions of Europe and Asia.

In contrast, countries in Europe and Asia have much larger populations, which contributes to a higher demand for real estate. This larger population base leads to increased activity in both residential and commercial real estate sectors, fostering a more robust and dynamic market. The difference in population density results in greater investment opportunities and transactions in these regions, further emphasizing why Canada’s market is perceived as smaller.

While geographical limitations, investment density, and market demand are important factors that influence real estate dynamics, they do not directly define the overall size of the market like population size does. Geographical limitations may restrict development but do not directly account for the absolute scale of the market. Investment density relates to how much capital is invested relative to the size of the market while market demand addresses consumer interest but again does not solely encapsulate the scale comparison with larger regions.