“In comparison to popular European investment hot-spots, Canada still offers enticing, affordable and less expensive property. Current rental yields are hovering around the 7% mark; however, with prices currently on the rise along with its population, Canada is both highly alluring and rewarding for folk who relocate there, just as it is for professional property purchasers who might buy an apartment flat villa, lodge or chalet”.
After avoiding the problems that have plagued the U.S. property market, Canada is set to maintain its rental yields as demand for property outweighs its availability and it’s widely expected that its 2008 capital growth will certainly be favourable. Over 30% of Canada’s gross domestic product (GDP) comes from exports and the low Canadian dollar that attracts such high levels of activity. Canada’s progressive economy has strengthened too, faster than most could‘ve predicted and has, over the past 15 years, outgrown almost any other from around the world with its low living costs and minimal rates of interest and inflation.
Considering the sheer size of the world’s second largest country, it comes as no surprise to learn of the wide array of opportunities that are offered throughout its rural scenery and cityscapes. With a wealth of inherently stunning surroundings abundant with nature parks, historical cities, expanse lakes, ocean views and prominent mountain ranges, the overall appeal of the country is undeniable. It’s also a fact that there are over 600,000 Brits living in Canada to date. Canada hosts an undeniably healthy climate for residents and overseas investors alike, so whether you want to keep an eye on your heart or your profit margin, Canada is proven to be a great place to look after your investment.
For a non-obligatory chat about any aspect of overseas property investment contact David Stanley Redfern Ltd.
David Stanley Redfern Ltd HQ:
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