Canada has a reputation for being a more genteel neighbor to the United States. However, in terms of real estate investing, few people think of this North American giant. Most of your efforts are spent in your own country, but should you give Canadian real estate a try?
Realistically, this article could end now with the short answer – yes!
However, you may want to know why Canadian real estate is worth your money. With that in mind, here are some compelling reasons to invest in property in Canada:
Diversify your portfolio
Do you live in England or the US – or anywhere in the world apart from Canada – this real estate investment is a chance to diversify your property portfolio. It’s never a good idea to put all of your eggs in one basket and own a property that only exists in one country. What happens if the country experiences an economic downturn? All of your assets will be hit, and you’ll go into panic mode.
In contrast, by investing in Canada, you have assets that won’t be affected by any economic events in other countries. So if you have an interest in getting some abroad property then this could be the country for you. Obviously, if you already live in Canada, this point does not apply.
Canada is a desirable place to live
An important aspect of making a solid property investment is that you buy a property that will be in demand. This means you’ll have quite a lot of buyers waiting to pick it up from your hands or quite a lot of tenants looking to rent it out. As it happens, Canada is amongst them the most desirable place to live in this world.
As a result, this means that many people are all the time looking to move to Canada from someplace else. Combine this with an already huge population, and you have an enormous demand for real estate. What makes Canada so desirable? Well, if you look at this article at lives in London Ontario, Canada, then you’ll quickly see why people want to live in this country. It has the perfect mixture of safety, friendliness, wide open spaces and city life. Other than that, it is a diversified place. There are remote rural areas that are perfect for retirees, and there are bustling cities that are perfect for modern professionals. Thus, you can make quite a lot of money because the demand for real estate is very high.
Many different properties are available
Continuing from the previous point, Canada is full of various properties for you to invest in. Yes, you have traditional houses, but you even have large country houses and farms in additional remote areas. There are lots of apartments in big cities, and you have lots of them commercial housing to consider too.
The point is that there are options for virtually any investor. If you want to start investing in commercial property then cities like Toronto and Montreal are perfect for this. There’s quite a lot of potential for profit in a large country house, too – particularly since you can add to it and improve it in so many ways. No matter what investment method you choose, Canada has properties that make it possible.
Canadian real estate can be very affordable
Despite its popularity, real estate in Canada is highly regarded. This is a boon for investors because it means you can get some properties for cheap. Especially if you turn your back on the big cities – this is where the real value comes in!
At some point, the value of the Canadian real estate market will increase. It’s bound to occur, and part of this comes from the inflow of individuals moving to the countryside. Many Americans have emigrated after the 2016 presidential election, and more will follow after this year’s results. So, we have a country where there’s quite a lot of real estate up for grabs, available at good prices, and demand is just about to start picking up. This is the perfect recipe for profit.
All things considered, Canadian real estate is certainly worth looking into. If you already live in Canada, it is still a good idea to consider buying a property. However, this is clearly a more effective investment opportunity for people living overseas. One thing that also needs to be mentioned is that this is an amazing time to invest in general. Global interest rates have plummeted, and there is been a little bit of an economic crisis. While this is not great, it means borrowing money is cheaper than before. So you can get a mortgage and get your feet on the property ladder!
