Canadian real estate sector has been enjoying a profitable ride for quite a while now when the home market of leading markets like USA and Europe experienced some serious setbacks in the recent past. Specialists have nothing but great 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 larger region which is why there are not one but many small and huge property zones within the country.
Because of this diversity there are some differences of the housing markets on a provincial basis and while in some zones are earning well some are lacking behind a little. Nonetheless the general functionality of the real estate in Canada remains unaffected even following the diversity and Canadian home market keeps growing and grow every 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 return. Given below are some special high performing zones and geographical sectors where you can invest in 2013 and make your real estate investment a successful attempt.
Barrie, Ontario: The City of Barrie is located in Southern Ontario in the western shore 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 one of the quickest growing cities in Canada. Other influential aspects of the city include a growing economy, advancing industrial and agricultural sector, improved transportation, improving employment opportunities. All these factors align together and make the city a hot zone for real estate activity. Demographics indicate a major boom in the city’s inhabitants in the past few years and raising sales and costs of real estate property allow it to be ideal for property investment.
Surry, British Columbia: Surrey lies in the state of British Columbia and is the 2nd largest 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 is estimated that Surry attracts over 1000 new residents each month as an outcome of which there’s a major demand for real estate property among buyers.
Maple Ridge-Pitt Meadows, British Columbia: Lying very 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 experiencing some important municipal and infrastructural changes which have catapulted the property market increase of the region. Furthermore, large quantities 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 heart for petrochemical production and it is additionally known for oil production, cattle farming, and agriculture. The city functions as a leading center for commercial and retail activity for most of Central Alberta. With facets like enhanced manner of transfer, low operating costs, economic stability, low joined tax, etc. To discover a lot more about Eddie Yan, I suggest you check out this page. Red Deer acts as an attractive zone for many. As a result property costs in the region have inclined greatly in the past few years and are at present one of the most promising places for real estate investment in Canada.