Canadian Real Estate: What You Don’t Know May Suprise You
Canadian real estate sector has been experiencing a successful ride for quite some time now when the housing market of important markets like USA and Europe experienced some severe setbacks in the recent past. Specialists have nothing but great news for real estate investors who are looking forward to invest in real estate in 2013 as well. Because of Canada’s vast geography, the Canadian real estate marketplace is extended over a bigger region which is why there are not one but many small and huge property zones within the nation.
Due to this diversity there are some differences of the housing markets on a provincial basis and while in certain zones are earning well some are lacking behind a little. Nonetheless the general operation of the real estate in Canada stays unaffected even following the diversity and Canadian housing market keeps growing and expand each year. Now if you’re a first-time investor or interested in making new investments in a successful manner you must avoid certain low performing zones and invest in areas that can give you high return. Given below are some particular high performing zones and geographic sectors where you are able to invest in 2013 and make your real estate investment a successful endeavor.
Barrie, Ontario: The City of Barrie is located in Southern Ontario in the western shoreline of Lake Simcoe. Lying within the northern part of the Greater Golden Horseshoe, Barrie is a thickly populated and the most industrialized zone of Ontario. The city is located close to Toronto and is also regarded as one of the fastest growing cities in Canada. Other powerful aspects of the city include a growing economy, advancing industrial and agricultural sector, improved transport, increasing employment opportunities. All these variables align together and make the city a hot zone for real estate activity. Demographics suggest a major boom in the city’s inhabitants in recent years and increasing sales and costs of real estate property ensure it is perfect for property investment.
Surry, British Columbia: Surrey lies in the state of British Columbia and is the 2nd biggest city with regard to people after Vancouver. Surrey is considered an emerging metropolis due to its international flavor and cultural diversity. The city is a important economic zone with improved transportation, health care, schooling, and recreational facilities. It’s estimated that Surry attracts over 1000 new residents each month as an effect of which there is a major demand for real estate property among buyers.
Maple Ridge-Pitt Meadows, British Columbia: Lying very close to Surry, Pitt Meadows and Maple Ridge are just two person cities located in British Columbia. Pitt meadows are a flood plain lying in between the Maple Ridge in the east and Pitt River in the west. As of 2011 demographic records, Pitt Meadows has a population of about 17,700 and Maple Ridge has a population of 73,969. Both the areas are currently undergoing some major municipal and infrastructural changes that have catapulted the property market increase of the area. Moreover, substantial quantities of people have migrated to these cities which are why the city’s real estate sector has experienced some important developments lately.
Red Deer, Alberta: Red Deer is located in Central Albert and is surrounded by the Red Deer County. Red Deer is a major hub for petrochemical production and it is additionally famous for oil production, cattle farming, and agriculture. The city functions as a major facility for commercial and retail activity for most Central Alberta. With aspects like increased mode of transport, low operating costs, economic stability, low combined tax, etc. Learn a lot more about Eddie Yan by going to this website. Red Deer acts as an attractive zone for several. Because of this property prices in the area have inclined well in the past few years and are at present one of the very most promising places for real estate investment in Canada.