Canadian real estate market is not an emerging market. In fact, it is a well established traditional sector. Here, the returns of the investor are cyclical in nature. They are a direct reflection of the countrywide economic growth trend. From the perspective of a property investor, the total property sector in Canada is fully dependent on the development or population growth in a particular area. It also depends on the strength of the investment.
Prospects in Canada:
For real estate investors, Canada has two types of added bonus:-
- It has a huge population of wealthy expatriates who either seek retirement or residence in Canada, or take up important employment positions under the skilled worker programs of the Canadian Immigration Department.
- Such immigrants seek properties for resale and rent and bring in a constant flow of “new” money into the property market. This adds to the sustainability of the real estate sector. It also creates a focus on investment in some areas and cities popularly known to such group of people.
- Within its borders, Canada has emerging markets. As safe and neutral country, it has changed from political strength to economical strength.
- It has registered growth in plenty of business sectors, right from the urban expansion in Canada to the development of commercial and residential real estate sectors of their own.
Real estate investment in Canada is organized and profitable. It is a safe haven for people who want to invest in real estate but could not do so due to the effect of housing crash in the United States. Hence, it is better to take this opportunity and invest in real estate of Canada for long term smart gains.