Canadian real estate sector has been experiencing a roaring ride for quite some time now when the home marketplace of major markets like USA and Europe experienced some severe setbacks in the recent past. Specialists have nothing but good news for real estate investors that 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 area which is why there aren’t one but many small and huge property zones within the country.
As a result of the 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. However the overall performance of the real estate in Canada remains unaffected even following the diversity and Canadian home market continues to grow and grow every year. Now if you’re a first time investor or interested in making new investments in a successful manner you should avoid certain low performing zones and invest in places that can provide you high return. Given below are some specific high performing zones and geographic sectors where you can 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 among the fastest growing cities in Canada. Other powerful aspects of the city include an increasing market, progressing industrial and agricultural sector, improved transportation, improving employment opportunities. All these variables align together and make the city a hot zone for real estate activity. Demographics imply a major boom in the city’s people in the past few years and raising sales and prices of real estate property make it perfect for property investment.
Surry, British Columbia: Surrey lies in the province of British Columbia and is the second biggest city when it comes to population after Vancouver. Surrey is considered an emerging metropolis due to its international flavor and cultural diversity. The city is a leading economic zone with improved transport, health care, education, and recreational facilities. It’s estimated that Surry brings 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 now undergoing some major municipal and infrastructural changes which 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 major developments recently.
Red Deer, Alberta: Red Deer is situated in Central Albert and is surrounded by the Red Deer County. Red Deer is a major heart for petrochemical production and it is additionally known for oil production, cattle farming, and agriculture. The city functions as a leading facility for commercial and retail activity for a majority of Central Alberta. With facets like enhanced way of transfer, low operating costs, economic stability, low joined tax, etc. Check out this page for in-depth information covering Eddie Yan. Red Deer functions as an attractive zone for several. As a consequence property costs in the region have inclined well in recent years and are at present one of the most promising locations for real estate investment in Canada.