There are new opportunities for real estate investors in Canada after the recent US elections. Getting a work permit for Canada is one of the biggest options for many Americans at present. There are hundreds and thousands of Americans slated to shift to Canada, thereby sparking a real estate boom in the country. There could be a massive rush to buy homes in Canada and this surge in demand will benefit investors greatly with regard to increased returns and a booming property market. There could also be greater demand for rentals and properties in major urban centres will witness the greatest demand.
Changes to Canada’s immigration rules make it easier for Americans to obtain work permits for the country and then move towards permanent citizenship. There are reports of citizenship applications increasing in number and this will present growing opportunities in real estate. There will be more jobs created and Americans migrating to Canada will take valuable skill sets with them. This will boost the country’s economy and lead to higher growth which in turn will positively impact the real estate market. Investors are certain to find several attractive opportunities in Canada at present.
Canada continues to have a booming real estate market with prices rallying by a whopping 13% in the year 2016. Experts expect similar market sentiments to continue in 2017 with increased demand for homes on account of steady economic progress and higher influx of immigrants as noted earlier. Areas like Quebec, Alberta and New Brunswick will see prices going up even further while Toronto and Ontario will also witness price growth.
The Golden Horseshoe zone will witness high demand and prices should go up here as well. The lower housing inventory will continue to propel real estate prices even higher and this augurs well for investors. There should be a similar rally of prices throughout 2017 on account of the influx of immigrants from America and other countries. Investors will continue to snap up prime properties in major Canadian cities and this will also keep the market ticking. Price growth in 2017 will ensure attractive returns for investors.
Canada is also an attractive investment destination on account of its livability. Three of the world’s top five livable cities are Canadian cities. Vancouver has often held the top spot in terms of livability in several surveys and studies while Toronto and Calgary follow closely. These cities score highly in terms of safety (low crime rates and civil interest), education, healthcare, quality housing, telecommunications and other social infrastructure.
Toronto is known for being home to some of the best educational institutions in the world including York University, The University of Toronto, Humber College and Ryerson University. Toronto is also one of the safest cities in North America with a homicide rate of just 2 per 100, 000 people as per studies. The city is culturally diverse and cosmopolitan and the local population is made up of more than 200 diverse ethnic groups. Toronto is one city where it is easy to travel and the subway network is considered one of the simplest across the world with just two primary lines. The rides are cheap as well. Toronto is one of the leading financial centres in the world and has a high employment rate as well. Nightlife in Toronto is also acclaimed and there are tons of sports bars, rooftop bars, pool bars, arcade bars, nightclubs, cafes, restaurants and cafes that you can check out. Toronto is also a shopping hub with major malls, boutiques and organic markets galore.
Vancouver is known for its clean and non polluted ambience, its superlative transport system and quality education system. The city is one of the most beautiful in the world and has the north shore mountains, English Bay, a temperate rainforest and the Mt Baker volcano. Vancouver is home to a diverse and culturally rich population which is cosmopolitan and there are tons of restaurants and supermarkets selling almost every variety of Asian, local and European food that you will find! Vancouver is a safe city with a very low crime rate and has some of the cleanest and best maintained taxis globally. Vancouver has a good subway network and lovely walking trails.
Calgary is also known for its petroleum, tourism and agriculture boom. Calgary is home to the headquarters of most petroleum companies in Canada. It is one of the wealthiest cities in the country along with Vancouver and Toronto. Calgary was the first Canadian city to host the Winter Olympic Games in the year 1988. The Calgary Stampede every July is called the Greatest Outdoor show on Earth. Calgary is home to several landmark musical and theatre venues and is also known for its friendly locals, excellent entertainment destinations and a good transport system.
Canada has one of the lowest levels of red tape in the world. Canada has a special law which eliminates one regulation for each new measure that is embraced. The One-for-One Rule is tailored to ease the burdens faced by businesses and companies. The rule has been adopted without any political dissent.
Canada also has an Investor Protection Fund which compensates investors who deal with firms or companies that become insolvent or wind up. Investors can seek compensation up to $1 million and more in case of such situations. The fund is backed by the Investment Regulatory Organization of Canada.