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Why real estate is a real deal |
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By Rhiannon Williamson » Real estate agents, Canadian residents and
foreign investors interested in the Canadian property market are all in
agreement - as Canada becomes a more desirable place to live year on
year so property investment in Canada becomes a more attractive
prospect year on year.
Furthermore, because property in Canada is high quality, plentiful,
incredibly affordable and easy to purchase, real estate in Canada is
good value across the board.
If you need more proof, consider comparing what you can still buy for
your real estate dollar in Canada to what you can currently purchase in
the UK, the US, France or Spain for example.
You’ll quickly realise that the strong Canadian dollar has not damaged
the real estate market in Canada in the slightest. In fact, as the
Canadian economy strengthens and more immigrants move to the country,
the demand for property will continue to rise which in turn will push
up the value of any property investment.
And you simply still get more in Canada than you can elsewhere because
property in Canada is less expensive overall - land is less expensive,
the cost of living is lower, the standard of living is high…
Add the fact that overcrowding is never going to be an issue in Canada
as there are 30 million people sharing 38 million square miles of land,
and the fact that Canada has a wealth of diverse property available in
many stunning locations country-wide to fuel the imagination and
satisfy the desires of even the hardest to please purchaser, and you’ll
quickly realise why Canada remains such an attractive prospect for so
many people.
More than 200,000 people emigrate to Canada every year, the destination
of choice for immigrants across the globe who are being attracted to
this land of opportunity, space and freedom.
This means that as Canada becomes more attractive as a destination of
choice, property there will be more in demand which in turn will allow
real estate prices to continue to rise making any property investment a
good bet!
Whether you’re considering property in Canada from a non resident,
investment stand point, with a view to letting it out before cashing in
your investment in X number of years, or you’re thinking of purchasing
a second home in an enviable location - or you’d like to go the whole
hog and up sticks and emigrate to Canada, you will find the buying
process a relatively easy and hassle free affair which can only add
even more value.
Bureaucratically speaking the whole purchase process is often a lot
less tricky than ‘back home’ - especially if you come from red tape
rich Europe - and it takes a fraction of the time to complete the
property sale process in Canada than in certain other countries where
escrow periods are applied to real estate purchases.
And if you would like some cold, hard facts about past performance of
the Canadian property market, an average single family home in the
Vancouver area sold for C$13,500 in 1961, C$48,000 in 1974, C$120,000
in 1982 rising to around C$475,000 today.
It’s true what they say - where people want to live, property values
will always continue to rise...and more and more people are choosing to
live in Canada making Canadian real estate good value for property
investors!
Related: Find a mortgage broker.
Rhiannon Williamson is an experienced
publisher who has produced articles for leading travel and tourism
guides and financial magazines. Her specialist knowledge about both
travel and finance gives her site Shelter Offshore
the unique ability to literally cover every single aspect of moving
& living abroad - including the often less discussed offshore tax
advantages that can be available when leaving our homeland. Check out
her website to find out how you can escape from the rat race, relocate
overseas, and profit from your move!
Source: EzineArticles
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