Canada Property Market Continues to Boom. The signs are strong for the Canadian real estate market . Financial analysts say that the market is still set for continued growth. Calgary has experienced a price explosion and Edmonton is a hot market as well. Property prices rose 15.5% in the 2007. Rising real estate prices and rising rental rates and demand are making Canada a prime market.
In the St. John area of British Columbia, the government has a commitment to spend some fifty million dollars, on the infrastructure improvements. A new natural gas plant is being developed 45 minutes outside of the Ft. St. John area. Alberta is also a great investment area. Property prices surged 20% in 2007. Alberta has been the second fastest growing area in Canada for 5 years straight. The IT industry is booming in Ontario and has a strong student housing market. Property prices are continuing to grow here as well.
Affordable property can be found in another growing area. Nova Scotia Canada is a great market, and affordable. Another affordable area is the city of Saskatoon, it is a growing and upcoming city. Saskatoon is known as the city of beautiful bridges. Saskatoon has less than 1% vacancy rates and the demand for rentals continue to grow. It is a great area for apartment and or condominium investments. The city is rural, but is considered one of the world’s biggest agricultural biotechnology centers. It has a population of around 200,000. It also offers a large student population, and a variety of International companies offer economic stability to this region. A couple of the big international companies in the area are Cameco and Potash Corp. Along with the stability they offer, these international companies big in higher paying jobs.
With property values rising at a steady rate, this is a very aggressive market. Many investors are looking at Canada as a great investment opportunity. English is spoken by most of Canada’s population, and is the national language of Canada, along with French which is spoken more commonly in the East. Canadian tourism is growing nearly 4 % per annum, and Canada holds 2.9% of the worlds total tourism demand. The country’s real estate market is strong and continues to grow. Properties range from 2 Bd Town-homes $235,000 – $600,000 Lake front Homes in Saskatoon. Here is a great property in Ontario. It is an entire Island 9+ Acres with a beautiful main Lodge, high ceilings, tongue and grove woodwork and 10 cabins 2700 ft of shoreline, fishing, and hunting. A great get away estate or resort opportunity for only 1,500,000.
