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Archive for October, 2009

Hottest Investment Destinations in Canada

Wednesday, October 28th, 2009

The big cities hold all the aces as far as investment locations of Canada are concerned. As discussed earlier, most of Canadian population is based within hundred miles of US-Canadian border cities. So, naturally the hottest destinations have to be prime locations among these cities. Though the government is trying to develop the northern parts of the country as well, but the adverse weather conditions are primarily responsible for slow growth of these areas.

On the individual level, Alberta’s city of Calgary invites many real estate inquiries. This city of a million folk enjoys a continental climate and is a major hub of activities during the winters. The city can be easily be called the winter capital of Canada, since it played host to the Winter Olympics in 1988. The place is one of the cleanest cities of the world and a favourite among expats and tourists. The property prices may not be too inviting in Calgary but still any investment at such a paradisiacal place is worth every dollar spent.

Ontario and Toronto are other places that have always remained the central pieces of real estate investment in Canada. The town of Timmins in Ontario is particularly famous for being the hometown of famous singer Shania Twain, and has witnessed a steady increase in real estate prices. Timmins is also on the verge of becoming a great mining town, which will catapult the town to the top of real estate radar in Canada.

Montreal is a huge hit among Brits and French real estate investors since the city boasts of being a relic of Canada’s colonial past. Mostly French speaking people who have inhabited the place since generations, and some European migrants constitute the Montreal populace. Canada was a colony of Brits as well as French at different times, and you can find the amalgam of these two rich cultures here in Montreal.

There is no dearth in the variety of property on offer in Canada. You can chose from low-end apartments to high-end ones, from villas to penthouses. And if you are planning to invest in rental property, Canada is next to none with a consistent inflow of tourists all the year around. The best place to invest in holiday homes is along the coast, as tourists tend to flock these regions for obvious reasons.