Canadian real estate sector has been experiencing a booming ride for quite some time now when the housing market of important economies like USA and Europe experienced some serious blows 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. Due to Canada’s vast geography, the Canadian real estate market is expanded over a bigger area which is why there are not one but many small and enormous property zones within the nation.
Due to 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. Nonetheless the overall performance of the real estate in Canada stays unaffected even after the diversity and Canadian housing market keeps growing and expand 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 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 shoreline of Lake Simcoe. Lying within the northern part of the Greater Golden Horseshoe, Barrie is a densely 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 facets of the city include an increasing economy, progressing industrial and agricultural sector, improved transportation, increasing employment opportunities. All these factors align together and make the city a hot zone for real estate task. Demographics indicate a major boom in the city’s population in the past few years and increasing sales and costs of real estate property ensure it is ideal for property investment.
Surry, British Columbia: Surrey lies in the province of British Columbia and is the 2nd largest city with regard to people after Vancouver. Surrey is considered an emerging metropolis because of its international flavor and cultural diversity. The city is a important economic zone with improved transportation, health care, schooling, and recreational facilities. It is projected that Surry attracts 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 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 regions are undergoing some major municipal and infrastructural changes which have catapulted the property market increase of the region. Also, large 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 located in Central Albert and is encompassed by the Red Deer County. Red Deer is a major hub for petrochemical production and it’s also also famous 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 aspects like increased way of transport, low operating costs, economic stability, low combined tax, etc. We found this website offering remarkable coverage of Eddie Yan. Red Deer acts as an attractive zone for several. As a consequence property prices in the region have inclined substantially in the past few years and are at present one of the most promising locations for real estate investment in Canada.