Canadian real estate sector has been experiencing a booming ride for quite some time now when the housing marketplace of important markets like USA and Europe experienced some severe blows 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 larger region which is why there aren’t one but many small and huge property zones within the nation.
Due to the diversity there are some differences of the home markets on a provincial basis and while in certain zones are earning well some are lacking behind a little. Nonetheless the general performance of the real estate in Canada remains unaffected even after the diversity and Canadian home market continues to grow and expand each year. Now in case you are a first-time investor or interested in making new investments in a successful manner you need to avoid certain low performing zones and invest in places that can give you high yield. Given below are some unique 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 situated in Southern Ontario in the western shore 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 an increasing economy, advancing industrial and agricultural sector, improved transport, improving 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 population in recent years and increasing 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 biggest city when it comes to people after Vancouver. Surrey is considered an emerging metropolis because of its international flavor and ethnic diversity. The city is a leading economic zone with improved transportation, health care, schooling, and recreational facilities. It is estimated that Surry pulls over 1000 new residents every month as an effect 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 currently undergoing some major municipal and infrastructural changes which have catapulted the property market increase of the region. Additionally, large volumes of people have migrated to these cities which are why the city’s real estate sector has experienced some major developments lately.
Red Deer, Alberta: Red Deer is situated in Central Albert and is encompassed by the Red Deer County. Red Deer is a major heart for petrochemical production and it is additionally famous for oil production, cattle farming, and agriculture. The city functions as a major center for commercial and retail activity for a majority of Central Alberta. With aspects like enhanced mode of transfer, low operating costs, economic stability, low united tax, etc. Wish to learn more on Eddie Yan? I recommend you visit this page. Red Deer functions as an attractive zone for several. As a consequence property costs in the region have inclined greatly in recent years and are at present one of the most promising locations for real estate investment in Canada.