Top 10 Cities for Real Estate Investment in Canada
Aug 9, 2010
August 9, 2010
So you’ve got a ton of money and you’re interested in purchasing Canadian real estate– where do you go from there? Sure you can invest in some fund that spreads your investment over the entire country, but if you want to be a proper investor you might want to become a bit more informed about where exactly your money should go.
The Real Estate Investment Network (REIN) has compiled a list of the Top 10 Places in Canada to purchase right now. Now don’t worry, this list isn’t based on a bunch of crap about historical prices and intangible financial mumbo-jumbo. It’s based on projections for the future. For example, planned transportation improvements, average income in the area, population growth, and job growth. Basically, they looked at these projected measures, and if they were higher than average, it’s a good place to invest in real estate!
Oddly enough, nothing east of Ontario shows up on the list, and while Mr. Campbell says cities like Halifax, Saint John and Moncton “still provide decent returns,” the top cities are ones that will outperform the national average between 2010 and 2015.
So, a lot of places are good– but some of them are better. And those some are the 10 that were listed above. So go! Buy– before everyone else does.