In the 21st century, the property market in Canada — the Great White North — is dominated by people looking to purchase vacation properties and by investors looking to capitalize on the growth that is being experienced in some of the larger cities within The Myst Condo the country. What is important to keep in mind is that the vast majority of the citizens of Canada actually live within one hundred miles of the Canadian and U.S. border. As a result, the hot markets for property — with the exception of some holiday and vacation properties located further north — tend to be along the one hundred mile band near the Canadian and U.S. borderline.
With all of this noted, there are some different opportunities available to a foreign national who is interested in making an investment in Canadian property — either for personal, commercial or investment purposes.
Investment Property in Canada
As mentioned previously, the vast majority of the population of the nation of Canada is situated in a one hundred mile radius from the Canadian and U.S. border. Therefore, when it comes to real property investing, the marketplaces that a foreign national should serious consider is that band of property that lies in those cities and communities within that hundred mile band. By far, this represents the area in which the greatest amount of growth in both the real estate market and the development of other commercial enterprises is being seen in the 21st century.
Commercial properties remain a decent investment when it comes to real estate in Canada. As of yet, most of the major Canadian cities have not been overdeveloped. There remains a decent demand for commercial building space in most of the major Canadian points of commerce. As a result, a foreign national interested in investing in commercial property does have room to maneuver in this day and age.
People with a more limited amount of money to invest might want to consider investing in residential property that can be leased to travelers on holiday or vacation. Tourism remains a strong industry in Canada. As a result, there remains money to be made through the ownership of residential property that can be made available to tourists within the country.
Residential Property in Canada
Like its neighbor to the south, the Canadian residential real estate market significantly varies depending on which community is being considered. Not surprisingly, the costs associated with single family homes continues to rise in the larger and more major Canadian cities. At the present time, the more rural and outlying residential housing market in the country is a bit flat. In other words, if you are looking for bargains on residential property, a foreign national might want to consider one of the more rural or northward lying communities when looking to purchase such property.