Property in Canada
A look at the overseas investment market in Canada. What are the hot destinations for property investors looking to invest in real estate in Canada.
Canada presents a land of opportunities for millions of immigrants in this vast country. Indeed, when it comes to Canada, the word 'immigration' immediately crops up, like another name for the country! This is because historically, the native Canadians inhabiting this huge country were too few to optimally exploit the resources and development potential of the country. The government thus, opted for the next best alternative of opening up its doors for immigrants from all over the world to work towards building a better, prosperous and vibrant nation. And the result is for all of us to see! Canada is today, a cherished destination for skilled professionals, semi-skilled individuals, unskilled workers, and real estate investors.
What Makes Canada a Hot Investment Destination?
One thing that stands out in favour of Canada is the vast picturesque landscape that has remained largely unspoilt even in the wake of the development of certain locations of Canada. The blend of modernism with the rustic charm of natural features and attractions is what defines Canada.
The ultra-modern cities situated along the US-Canadian border have everything a modern twenty-first century Earthizen desires. For many years, Canada has enjoyed maximum status in the world's top most livable cities. This is the result of tremendous development in terms of infrastructure, stability, environment, healthcare, and culture in the country. The focussed development of Canadian cities is one of the major factors responsible for making Canada one of the hottest property investment destinations of the world.
If the cities of Canada attract investments in hordes, a major credit goes to the beautiful countryside dotting the entire Canadian landscape. Since a vast majority of Canadians live within one hundred miles of the US-Canadian border, the countryside in Canada is left largely unspoilt and untapped.
The northern part of the country is either covered in snow or consists of dense forests, which makes for an exquisite tourist destination. Inuit, or Eskimos who constitute indigenous group of Canadians, are also abundantly found in North Canada.
The western part of the country is better known for its vast countryside landscape resonating clean and fresh air, which attracts tourists from far-flung regions of the world. The forests and wildlife is a significant part of the itinerary on any Canadian visit. The entire country is dotted with immense natural features, including the world famous Niagara Falls.
And if you want to relish the ancient European culture and lifestyle, then eastern Canada offers the best bet. Quebec is one such State that has lots of French and Brits who have either made it their second home or have completely migrated to this beautiful State. An estimated 600,000 Brits have already migrated to Canada proving Canada's worth and promise as one of the most preferred migrant destinations for Europeans.
The vastness of Canada can be gauged from the fact that the country spans six time zones and borders three of the world's four oceans. With so many water bodies around, can the aquatic adventure be far away from Canada? You can enjoy or relax on miles of pristine beaches, or indulge in several water-based sports and other activities.
Hottest Investment Destinations in CanadaSurely, the big cities hold all the aces as far as investment locations of Canada are concerned. As discussed earlier, most of Canadian population is based within hundred miles of US-Canadian border cities. So, naturally the hottest destinations have to be prime locations among these cities. Though the government is trying to develop the northern parts of the country as well, but the adverse weather conditions are primarily responsible for slow growth of these areas.
On the individual level, Alberta's city of Calgary invites many real estate inquiries. This city of a million folk enjoys a continental climate and is a major hub of activities during the winters. The city can be easily be called the winter capital of Canada, since it played host to the Winter Olympics in 1988. The place is one of the cleanest cities of the world and a favourite among expats and tourists. The property prices may not be too inviting in Calgary but still any investment at such a paradisiacal place is worth every dollar spent.
Ontario and Toronto are other places that have always remained the central pieces of real estate investment in Canada. The town of Timmins in Ontario is particularly famous for being the hometown of famous singer Shania Twain, and has witnessed a steady increase in real estate prices. Timmins is also on the verge of becoming a great mining town, which will catapult the town to the top of real estate radar in Canada.
Montreal is a huge hit among Brits and French real estate investors since the city boasts of being a relic of Canada's colonial past. Mostly French speaking people who have inhabited the place since generations, and some European migrants constitute the Montreal populace. Canada was a colony of Brits as well as French at different times, and you can find the amalgam of these two rich cultures here in Montreal.
There is no dearth in the variety of property on offer in Canada. You can chose from low-end apartments to high-end ones, from villas to penthouses. And if you are planning to invest in rental property, Canada is next to none with a consistent inflow of tourists all the year around. The best place to invest in holiday homes is along the coast, as tourists tend to flock these regions for obvious reasons.
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ABOUT THE AUTHOR
Property Abroad's directory Les Calvert writes interesting and useful articles on all subjects dealing with overseas property investment and buying property in Canada. With over 400 company websites selling and renting property in almost every country around the world Les is well placed too ffer advice on existing and emerging property locations. Visit their flagship site for more details on property for sale in Canada.