Welcome!

News Feed Item

Canada Ranks No. 1, 2 and 3 in International Index of World's Most Resilient Cities

Canadian cities take the top spots in Grosvenor's Resilient Cities research

LONDON, ENGLAND -- (Marketwired) -- 04/08/14 -- A report released today by Grosvenor's research team suggests that Canadian cities are the best bet for long-term real estate investment, with Toronto, Vancouver and Calgary taking the first, second and third spots respectively. The research ranks 50 of the world's top cities according to their resilience: a product of their environmental and social vulnerability and adaptive capacity, which covers community, infrastructure, resources, environmental and climatic factors.

"Toronto is no stranger to the importance of resiliency, having endured natural disasters such as the 1998 ice storm and even Hurricane Hazel, in 1954," said Richard Barkham, Grosvenor's Group Research Director. "The investment of city leaders in infrastructure and its commitment to upgrading it over the decades has put Toronto at the top of Grosvenor's list of the world's most resilient cities."

"Canada, as a whole, is doing exceptionally well in developing resiliency. The top three most-resilient cities in Grosvenor's Resiliency index are Toronto, Vancouver and Calgary. For investors in property and real estate, it makes Canada a very sound long-term investment."

Chicago ranked fourth in overall resilience, coming in as the top US city in the study, due in part to its inland location that makes it less vulnerable to rising sea levels and storms. When ranked by adaptive capacity, however - the ability to cope with and recover from adverse events - New York City took first place, as demonstrated by its rapid recovery from both 9/11 and Hurricane Sandy. US cities took six of the seven top spots in the adaptive capacity ranking; New York is followed by Toronto, Los Angeles, Washington, DC, Chicago, San Francisco, and Houston.

Grosvenor's Resilient Cities study is being released at the Urban Land Institute's Spring Meeting in Vancouver, Canada, April 8-10, 2014. ULI CEO Patrick Phillips said: "Grosvenor's research will help greatly in advancing the dialogue among the public and private sectors on how to make cities less vulnerable and more resilient. In our view, environmental sustainability, community liveability and economic prosperity are all necessary components of long-term city resiliency. This report will inform ULI's ongoing work regarding the resiliency and adaptability of cities around the globe."

Commenting on the research, Grosvenor's Group Research Director Dr. Richard Barkham also said:

"This research provides us with a powerful tool to use when looking at the risks and opportunities of long-term real estate investment in cities around the world. It helps Grosvenor, our clients and partners, to look beyond classic, but limited definitions of real estate investment risk, which have little meaning over the long-term, and instead broadens our understanding of a city and its risk profile.

"We are not suggesting that you shouldn't invest in those cities that place lower down the rankings, but the research highlights the risks those cities face and enables more informed decision making. In some cases there could be greater opportunities, especially where a city has made a step change in its commitment to improving its adaptive capacity."

Mark Preston, CEO, Grosvenor Group said:

"Grosvenor has been investing in and developing real estate for over 300 years and a holistic understanding of the cities that we are active in is integral to the success of our business. It is certainly reassuring to see that we have long been active in some of the world's most resilient cities and this research gives us insight into where we may want to have a presence in the future."

Key findings from the research are:


--  The most resilient cities are in Canada, with Toronto, Vancouver and
    Calgary taking the top three spots respectively.

--  American cities are relatively vulnerable, but their capacity to adapt
    makes them fairly resilient. The lowest ranked cities are also those
    with the highest population forecast figures.

--  The middle group of cities, ranked 11 to 30, are fairly close to the top
    10 in their scores so must be considered resilient. Most European cities
    fall into this group. London is ranked 18th.

--  The weakest 20 cities are in emerging markets and are considerably
    weaker than the top 30. Eight of these are in the so called BRIC
    countries. So far, blistering economic growth has not fed through into
    the quality and long term resilience of these cities.


Dr. Barkham added:

"If you are investing with a short-term perspective, a portfolio of the resilient cities won't necessarily be less volatile; in fact you would have a more volatile portfolio if you only invested in the top five cities as they are very similar and moving in the same cycle. However, investors with a long-term perspective, such as pension funds or sovereign wealth funds can deploy capital in these cities and be confident that if they take a knock they will bounce back in a relatively short term. These cities are safe havens in a rapidly changing global environment."

Grosvenor's living cities approach recognises that the future success of our business is tied to the sustainable growth of the cities in which we invest, and understanding a city's resilience, its ability to avoid or bounce back from an adverse event, is an integral part of this.

A copy of the report, including the final resilience rankings, is available online at www.grosvenor.com.

Notes for editors

Grosvenor is a privately-owned property group with offices in 19 of the world's most dynamic cities. We have regional investment & development businesses in Britain & Ireland, the Americas and Asia Pacific. Our international fund management business operates across all these markets and also Continental Europe. We also have indirect investments, managed centrally. As at 31 December 2012, the Group had total assets under management of GBP 12.2bn. Unusually for a private company, Grosvenor publishes a full Annual Report & Accounts, available at: www.grosvenor.com

Resilience rankings:

To view a chart associated with this press release, please visit the following link: http://media3.marketwire.com/docs/938426.jpg.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
Fact: storage performance problems have only gotten more complicated, as applications not only have become largely virtualized, but also have moved to cloud-based infrastructures. Storage performance in virtualized environments isn’t just about IOPS anymore. Instead, you need to guarantee performance for individual VMs, helping applications maintain performance as the number of VMs continues to go up in real time. In his session at Cloud Expo, Dhiraj Sehgal, Product and Marketing at Tintri, wil...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
StarNet Communications Corp has announced the addition of three Secure Remote Desktop modules to its flagship X-Win32 PC X server. The new modules enable X-Win32 to safely tunnel the remote desktops from Linux and Unix servers to the user’s PC over encrypted SSH. Traditionally, users of PC X servers deploy the XDMCP protocol to display remote desktop environments such as the Gnome and KDE desktops on Linux servers and the CDE environment on Solaris Unix machines. XDMCP is used primarily on comp...
SYS-CON Events announced today that StarNet Communications will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. StarNet Communications’ FastX is the industry first cloud-based remote X Windows emulator. Using standard Web browsers (FireFox, Chrome, Safari, etc.) users from around the world gain highly secure access to applications and data hosted on Linux-based servers in a central data center. ...
SYS-CON Events announced today Telecom Reseller has been named “Media Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
SYS-CON Events announced today that Adobe has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. Adobe is changing the world though digital experiences. Adobe helps customers develop and deliver high-impact experiences that differentiate brands, build loyalty, and drive revenue across every screen, including smartphones, computers, tablets and TVs. Adobe content solutions are used daily by millions of co...
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
Pulzze Systems was happy to participate in such a premier event and thankful to be receiving the winning investment and global network support from G-Startup Worldwide. It is an exciting time for Pulzze to showcase the effectiveness of innovative technologies and enable them to make the world smarter and better. The reputable contest is held to identify promising startups around the globe that are assured to change the world through their innovative products and disruptive technologies. There w...
SYS-CON Events announced today that Pulzze Systems will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Pulzze Systems, Inc. provides infrastructure products for the Internet of Things to enable any connected device and system to carry out matched operations without programming. For more information, visit http://www.pulzzesystems.com.
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business in 2016. However, IoT is far more complex than most firms expected. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, a renowned visionary and thought leader, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology and business models to adopt and leverage IoT. He will drill down to the components in this fra...
As the world moves toward more DevOps and Microservices, application deployment to the cloud ought to become a lot simpler. The Microservices architecture, which is the basis of many new age distributed systems such as OpenStack, NetFlix and so on, is at the heart of Cloud Foundry - a complete developer-oriented Platform as a Service (PaaS) that is IaaS agnostic and supports vCloud, OpenStack and AWS. Serverless computing is revolutionizing computing. In his session at 19th Cloud Expo, Raghav...