Trends in Canadian Real Estate Market After Facing the Slump Due to Economic Downfall

Posted on March 31, 2017 in Uncategorized

Canada is also a member of G8 and OECD. Even though the Canadian market is a mixture, still it crosses the European market on the Heritage Foundation economic index. The real estate in Canada has been on high for a long time, as the number of immigrants in Canada has been increasing every year. Since the so-called per capita income and economic boom for Canada has been consistent, the immigrants made their way into this country as permanent residents. If you are in particular looking for Canada rentals or other property in the country, the best way would be to look up for Canada real estate listings on some reliable site offering information about international for sale or international for exchange.

The international real estate market for Canada expanded due to the population growth, which is artificial as it solely increased due to immigrants. The of Canada market has seen a positive response due to the highest per-capita immigration rate. Thanks to the family reunification in Canada, it is aiming to welcome another 240,000 to 265,000 permanent residents in 2010. This has led to the safest and secure international real estate listings.

Due to the recent economic downfall, the real estate in Canada suffered in the same way as did the other countries. But with the second half of 2009, it started a positive trend. It continued to remain steadfast in the first quarter of 2010. As the market in Canada depends highly on the number of immigrants, the international rentals suffered in Canada in 2009 when the immigrants reduced to 269,000. But for the next two years, the predication has been made that the migration will increase as the economic and employment scenarios have shown a positive trend in Canada. The number of immigrants will increase to 283,375 in 2010 and 298,352 in year 2011. This will increase the demand of residence and accommodation which will ultimately lead to a boom in Canadian market. Here is a glance into the trends:

1. The employment conditions are an important drive in the trend of Canadian market. This sector is going to be on rise for 2010 and 2011 which will increase the Canadian for sale trend.

2. Due to increasing number of jobs and employment improvement, the net immigrants for 2010 and 2011 is likely to increase which will definitely increase the international exposure for Canadian market. The number of permanent residents will increase thus promising a better and comparative platform for purchasing properties.

3. In 2009, the shift in the Canadian market was more towards the selling trend rather than buying. But in years 2010 and 2011, the trend will become balanced due to moderating sales and increasing inventory levels.

These trends give a very optimistic future of the Canadian market at the domestic level and international real estate markets as well.

The Real Estate Scene in British Columbia, Canada

Posted on March 30, 2017 in Uncategorized

Real Estate Investing involves buying, selling, managing and renting real estate for financial gain. Many rich Canadians are investing in real estate in Canada to maximize their capital gains and for financial security.

To invest in canada, especially in British Columbia, you need to do some extensive research to know the current and the future opportunities for real estate investment. As a prospective investor, you should analyze the British Columbia Real Estate market closely to see which cities have the potential for growth in the coming decade.

The British Columbia property market, though reviving from a bit of a low period, is currently booming and it is the right time to invest in positive cash-flow properties here. Customer confidence is on the rise and the mortgage interest rates are quite low. This has created a positive environment for investors and perked up residential property sales this year.

The city of Vancouver has attracted the most interest of the British Columbia land and buildings market. Not only real property investors but also home buyers, young and old alike are rushing in for their dream investment. There is certainly no shortage of opportunities in the present real estate market condition. Currently, it is expected that the price of residential property in the British Columbia area could rise by 8% and more than double of that in Vancouver. In Downtown Vancouver, the prices of condos will be pushed from CAD $500 per square feet to about $1000 per square feet, making the city the seventh most expensive place in the world to stay in. The city of Victoria is also experiencing record sales in this quarter.

Surrey is another city growing fast in terms of the British Columbia landed property market. With major infrastructure and transportation projects coming up, the city will experience explosive population increase and this is definitely a good indication for property growth. The other towns in the British Columbia region which have a lot of potential in the landed property investment scene are Abbotsford, Kamloops, Kelowna, Dawson Creek, Oliver, Fraser Valley, Maple Ridge and Pitt Meadows.

However, it is to be remembered that the free hold market is not an organised one; hence, the investor is expected to put in a lot of personal effort and time. The investor has to first locate the properties in which to invest, and then investigate and properly verify the status of the property, prior to purchase. He has to bargain hard and negotiate a sales price with the seller and finally, draw up a sales contract with the assistance of a land holdings attorney.

Real Estate Investing Forums can be a good way to get your land holdings queries answered and stay abreast of current market trends in Real Estate, Canada, like the right place to invest in, the correct prices to expect and most importantly, the right time to sell. Whether you are a new investor or a seasoned one, participating in real property investing forums offers opportunities to connect with like minded people from all around the world and freely share strategies and experiences.


Comparing Canada’s Healthier Real Estate Market to the US Market

Posted on March 29, 2017 in Uncategorized

Canada considers the United States of America her most vital and central economic partner. The two economies show interdependence and strong economic bond with 80% of Canada’s exports meant for the US market while two thirds of Canada’s imports come from the USA. Nonetheless, the economic conditions of the US market pale in comparison to Canadian real estate market. Canada’s market is thriving while the US market is still struggling to survive for more than four years now.

For us to understand why this is so, we have to go back for a little historical trip. Only then can we see possible developments. Going back to summer 2006, the US housing bombed and many people were affected. It was a lot worse for most people. It made Canada worried thinking that the worst can also happen to them which is understandable.

The Canadian market is booming and flourishing for many years already. Then it has reached prices that are record high in 2007 with the 5.2% highest average appreciation for the years 2000-2009. Home ownership also reached its peak. Thus, it was disconcerting to see Canada real estate market starting to go down in the last quarter of 2008 only to go into complete freeze in the winter of 2009. This happened to Canada’s real estate markets especially to Toronto and Vancouver, considered the strongest. Declines of 50% or higher were experienced leading to fears of long and difficult recession in the real estate market.Fortunately, in spring of 2009, the market bounced back showing skyrocketing sales even to the point of having sales exceeding 100%. Now the Canadian real estate market is seeing steady growth and is doing a lot better than most real estate markets around the world.

There are plenty of reasons for Canada’s bullish real estate market:

Having low interest rates is one reason given by experts. When Bank of Canada slashed rates to.25% record low this low-rate policy helped Canada a lot. Unlike Canada, however, the low rate policy did not help the US.

The US market was riddled with subprime loans equivalent to 22% share of all loans in 2006-2008 compared to Canada which is only 5% being under subprime category.

Canadian banks enjoy the reputation of being the world’s soundest as per World Economic Forum’s assessment. This stance helped Canada from the subsequent credit crunch.

Despite rise of unemployment, the increase wasn’t as severe as the US and economy is slowly improving with jobs being added starting last summer. Canada’s social system deflected personal bankruptcies.

Generally speaking, Canada’s real estate market has risen over the financial crisis that has swept over the globe. It is now considered to be on solid ground which is expected to continue growing with the added influx of foreign investors buying real estate properties mostly in Vancouver. The Bank of Canada has committed to keeping rates steady until summer 2010.

The Vancouver real estate market is actually in pretty good shape. It is also poised for investors with low transaction costs and almost zero restrictions on foreign buying of Canadian real estate properties. Vancouver is a very attractive investment potential for anyone with the right capital and mindset. If you are a potential buyer, investing on Canadian properties will be one decision you will never regret. Definitely, you will be buying into a solid market with sound financial system in a robust and healthy economy.