Canadian real estate sector has been experiencing a flourishing ride for quite some time now when the housing marketplace of leading markets like USA and Europe experienced some serious setbacks in the recent past. Pros have nothing but good news for real estate investors who are looking forward to invest in real estate in 2013 as well. As a result of Canada’s vast geography, the Canadian real estate marketplace is expanded over a bigger area which is why there are not one but many small and enormous property zones within the nation.
As a result of the diversity there are some differences of the housing markets on a provincial basis and while in a few zones are earning well some are lacking behind a little. However the overall performance of the real estate in Canada stays unaffected even after the diversity and Canadian housing market continues to grow and expand every year. Now if you are a first time investor or interested in making new investments in a successful manner you should avoid certain low performing zones and invest in areas that can give you high yield. 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 attempt.
Barrie, Ontario: The City of Barrie is located in Southern Ontario in the western coast of Lake Simcoe. Lying within the northern portion 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 many fastest growing cities in Canada. Other powerful aspects of the city include a growing market, advancing industrial and agricultural sector, improved transportation, increasing employment opportunities. All these variables align together and make the city a hot zone for real estate action. Demographics suggest a major boom in the city’s citizenry in the past few years and raising sales and prices of real estate property ensure it is perfect for property investment.
Surry, British Columbia: Surrey lies in the province of British Columbia and is the 2nd largest city with regard to population after Vancouver. Surrey is considered an emerging metropolis because of its international flavor and ethnic diversity. The city is a important economic zone with improved transport, health care, schooling, and recreational facilities. It’s projected that Surry pulls over 1000 new residents each month as a result of which there is a major demand for real estate property among buyers.
Maple Ridge-Pitt Meadows, British Columbia: Lying quite close to Surry, Pitt Meadows and Maple Ridge are just two person cities situated 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 undergoing some major municipal and infrastructural changes that have catapulted the property market increase of the area. Additionally, substantial volumes 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 leading heart for petrochemical production which is also known for oil production, cattle farming, and agriculture. The city functions as a leading centre for commercial and retail activity for most of Central Alberta. With facets like increased manner of transport, low operating costs, economic stability, low combined tax, etc. Wish to learn more on Eddie Yan? I recommend you visit this page. Red Deer functions as an attractive zone for many. As a consequence property prices in the region have inclined drastically in the past few years and are at present one of the very most promising places for real estate investment in Canada.