Investing in Real Estate can seem a bit scary at first, especially when you consider that most people don’t understand the intricacies of property investing. Real estate investing can however be quite challenging, particularly during these tough times when keep experiencing unprecedented challenges, including the Coronavirus epidemic, oil prices declining and stock market crashes. As well as many other factors, the recent economic melt down in the USA has had a profound impact on the Canadian real estate market. This has resulted in many home sellers having to either sell at a profit or hold onto their properties, many of which have been put on the market by the bank. In addition many real estate investors have lost confidence in the American real estate market, as indicated by the recent spike in prices for homes across the USA.
While the USA is certainly no longer a sure bet in terms of investing in real estate, Canada has recently begun to take off and become a major player on the international property market. The recent trends in Canada have shown a marked contrast to the past. Although Canada has been successful in creating and developing its own niche within the property investment market, the past decade has shown that emerging markets such as Canada have been a force to be reckoned with, as evidenced by the exponential growth seen in Toronto and Vancouver during the last few years.
One of the primary drivers behind the development of the Canadian real estate market has been the increased availability of imported goods and services, particularly in the area of natural resources and energy. As a result, Canada has become a much more attractive place for investors to buy houses and other residential properties. The Canadian housing boom has also created new opportunities for investors with an interest in commercial property, as well as condos in cities like Toronto and Vancouver. As well as being an excellent choice for residential investment properties, Canada is also becoming an increasingly popular destination for investors looking to buy commercial properties. This is especially true in areas like Kelowna where there has been an enormous growth in development in recent years.
Canada’s steady economy is another huge reason why Canada is enjoying the real estate investment boom. With the world’s third largest economy, Canada’s currency, the Canadian dollar, has continued to gain value. As a result, Canadian dollars have become increasingly valuable and many Canadians (like you and I) have been attracted to the promise of huge wealth creation potential. Canada’s resource economy is also one of the best in the world, so there is no shortage of potential wealth in this country. As a result of this, Canadians who are interested in real estate investment have seen their country become a strong global player in real estate.
Finally, Canada’s welcoming attitude towards immigrants and its large open door policy have made it one of the most attractive destinations in the world for real estate investment and development. The United States is currently the only country in the developed world that limits immigration to a certain number of people, a policy that Canada embraces fully. If you are an investor or an expat, who is looking for a place to invest and/or develop, Canada is an excellent choice. The country’s population is aging, but the birth rate is still rather high, meaning that there will be plenty of people (and investors) staying in Canada long into the future. Because it is not a very densely populated area, there are no large concentrations of people in any one area, making for a vibrant mix of culture and ethnicity.
In short, the reasons that Canadians make real estate investments are varied and vast. There are a lot of factors that play into whether a Canadian will make an investment, and there are probably as many choices as there are investors. But no matter where you choose to invest, Canada is an excellent place to do so. The country offers a stable economy and great cultural opportunities for immigrants and expats. If you’re looking to make an investment, Canada is definitely a good option. Consider it your next vacation spot…