Canadian real estate sector has been enjoying a roaring ride for quite a while now when the home market of leading markets like USA and Europe experienced some severe blows in the recent past. Experts have nothing but great news for real estate investors that are looking forward to invest in real estate in 2013 as well. Because of Canada’s vast geography, the Canadian real estate marketplace is extended over a larger area which is why there aren’t one but many small and big property zones within the country.
As a result of the diversity there are some differences of the home markets on a provincial basis and while in a few zones are earning well some are lacking behind a little. Nevertheless the overall performance of the real estate in Canada stays unaffected even following the diversity and Canadian housing market keeps growing and expand each year. Now if you are a first time investor or interested in making new investments in a successful manner you have to avoid certain low performing zones and invest in places that can give you high return. Given below are some specific high performing zones and geographic 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 situated close to Toronto and is also regarded as among the fastest growing cities in Canada. Other influential facets of the city comprise an increasing economy, progressing industrial and agricultural sector, improved transportation, improving employment opportunities. All these variables align together and make the city a hot zone for real estate task. Demographics imply a major boom in the city’s inhabitants in the past few years and raising sales and prices of real estate property allow it to be perfect for property investment.
Surry, British Columbia: Surrey lies in the state of British Columbia and is the second largest city in terms of people after Vancouver. Surrey is considered an emerging metropolis because of its international flavor and ethnic diversity. The city is a major economic zone with improved transportation, health care, schooling, and recreational facilities. It is estimated that Surry attracts over 1000 new residents each month as a result 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 two person cities located 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 currently undergoing some major municipal and infrastructural changes that have catapulted the property market growth of the region. Furthermore, substantial quantities of people have migrated to these cities which are why the city’s real estate sector has experienced some important developments lately.
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 additionally known for oil production, cattle farming, and agriculture. The city acts as a leading center for commercial and retail activity for most of Central Alberta. With aspects like increased way of transportation, low operating costs, economic stability, low joined tax, etc. There is a lot of content on this website talking about Eddie Yan. Red Deer functions as an attractive zone for several. As a result property prices in the area have inclined considerably in recent years and are at present one of the most promising locations for real estate investment in Canada.