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Why Canada Continues To Attrack Real Estate Investors |
Real estate experts, foreign investors and the citizens of Canada unanimously agree that Canada has everything it takes to create better living opportunities and has therefore become one of the most sought after destinations in the world. In addition, real estate in Canada is competitively priced, vast and has good appreciation rate. The hassle free legal system in Canada is another reason why foreign investors flock to Canada. A comparative study of real estate in UK, US, Spain or France, will help you realize that Canadian real estate is not very expensive. You will find cheaper land in Canada and a myriad of real estate options to invest in.
As the Canadian economy strengthens, more people are expected to migrate to this country, leading to a rise in demand for properties. According to real estate experts, this growing demand will boost the property values radically in years to come. In contrast to the high standard of living, the cost of living in Canada is lower than many other countries. In Canada, foreign investors can buy cool properties that they probably couldn’t have afforded in their own countries. The biggest advantage is that you don’t have to be a resident of Canada to purchase property in the country. This puts foreign investors in an enviable position for being able to invest in a higher quality purchase in Canada as compared to their own homelands. Owing to the abundant land available, overcrowding is never going to be an issue in this incredibly beautiful country. Besides, Canada has a diverse property portfolio that can please even the most fastidious buyer.
The best part of being a foreign investor is that you virtually get to enjoy almost all the privileges and benefits as any other citizen and yet, not go through the painful ordeal of applying for immigration acceptance. Thus, as a foreign investor, you are allowed to open a bank account in the country and have your own land and car. Alternatively, you can make Canada your new home by permanently settling in this country like millions of Europeans, who have already settled here. This explains why Canada is the third most popular emigration destination. The ever-increasing popularity of Canada will continue to attract more people in future. This popularity of Canada among expatriates ensures a steady supply of money in the property market.
A quick look at the figures mentioned below will throw light on the past performance of Canadian property market. Listed below are the rising prices of a single-family home in Vancouver:
1961 - CAD $13,500
1974 - CAD $48,000
1982 - CAD $120,000
2007 - CAD $475,000
Canada provides excellent rental opportunities for real estate investors. Thus, if you purchase apartments and town houses in some of the hottest areas in Canada, you can enjoy a steady income and cash flow in the form of rent. This allows you to enjoy capital appreciation and build equity in the long run. No matter what the reason may be for your investment, Canada has a very simple buying procedure and you can close a property deal in a very short period of time.
Mary Wozny
By: Mary Wozny
Mary Wozny is the author of "How to Build Your Families Million Dollar Real Estate Empire" and specializes in providing quality training and information products teaching women, families, and investors how to accomplish their goals and build wealth through real estate, creatively, legally and with little risk. She is the founder of www.MillionaireRiches.com and www.MyRealEstateClassroom.com, teaching people how to be vibrantly healthy, wealthy using real estate and residual streams of income
Article source http://w4rum.com/1685.t
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| [By Kimber Fulcher] [05/May/07] |
