The Canadian real estate market has many opportunities right now; it is largely untapped and offers a lot of upside for investors, not only in the short term but in long term as well. The market has not been saturated yet and is growing at a great rate, unlike the US market. A lot of this has to do with an economy that is doing well and a lot of immigrants that have been saving and looking to build a portfolio of real estate. Canada has good employment records and can offer reasonable housing that will provide a good standard of living.
US property prices have continued to decline since the recession of last decade, this is the opposite of the Canadian property prices, they have climbed gradually over this time period. Canada’s real estate market has made quite a recovery when you compare it to the market in the United States. There are a couple reasons for this, the banking sector in Canada has been sound and offers lower interest rates, this all leads to more confident buyers.
The Canadian real estate market has a lot of room for entry, it caters to all different kinds of budgets. You will be able to find anything from small apartments to very large farms and ranches, the larger properties could even offer large, private bodies of water. It really does not matter what you needs are, the Canadian market will have something to fit you and your family.
If you are interested in purchasing real estate as a strictly investment opportunity then you will be please to know that this market offers a lot more opportunity than other investments. At the moment rental homes are the most popular type of investment property. You should also know that the returns on a property are not restricted to monthly flows of cash. When someone pays you, they are not only putting money towards your mortgage, they are also putting money into your personal bank account.
Oil sands in the Alberta province have made the prices of properties increase as more and more people are looking to get into commercial businesses. The capital of Edmonton has seen an immense amount of investors and new inhabitants. Even with this new found interest in the market here, the prices are still affordable and manageable when compared to the national average. Unlike other regions the prices here are reflected by the end user and not the speculation of what is going to happen. This makes the situation for the home buyer who wants to purchase their first home or a family that is looking to move into a new home all that much more enticing and interesting.