Nature of the Canadian real estate market
The real estate market in Canada is a traditional and well established one. This is certainly not an emerging market. The return on investment here follows a cyclical pattern. This serves as an indication of the cyclical growth trends of the country’s underlying economy. However, this is considered as a profitable market for all seasons provided the investor makes a timely move and adopts a targeted investment plan.
The investors in the real estate market in Canada are lured to invest in the state because of the financial reliability and owing to the (growth in) popularity of Alberta or any other region. The investor in real estate in Canada can buy either the property having long term growth prospects or that providing scope for making short term gains or even that which has prospects of ensuring sustainable income. All this is dependent on the position of the real estate market cycle at the particular time and the area of the country concerned.
The property market is at present riding at record highs in the main Canadian cities. So, investors cannot expect to make short term profits in such a market having surplus supply and low demand. But then this is also the market in which there is a great demand for the buy to let opportunities which can be gainfully utilized by the investor.
Special advantages of investing in real estate in Canada
The Canadian real estate market provides two special advantages to the real estate investors which are indeed worthy of consideration by the investor-
A large number of expatriates who are wealthy are attracted to the country and are on the lookout for residence either for spending their retirement years or for joining the key jobs under the Canadian Immigration Department’s skilled worker programs. So, the seeking of property for rent or resale by such persons creates an investment focus in the cities and areas most popular with this group (like Alberta).
With holding emerging markets within its borders and having gained in economic strength Canada is being considered as a safe and neutral country. This has led to the growth of many business sectors and the physical expansion of many Canadian cities like those in Alberta thereby calling forth the development of residential and commercial real estate sectors in these. This is proving to be of immense gain for the investor either for resale or for buy to let purposes of the real estate. Besides, Canada’s tourist sector, though already well established, is expanding further- gradually creeping inward and moving further northwards. This is contributing to opening up opportunities for aiming at profitably investing in second home markets and tourist accommodation markets in many more towns of Canada than before.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment