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Canadian Real Estate for SaleA brief guide to Investing in Real Estate in Canada The Canadian housing market as predicted recovered faster than most westernised mature markets with the average resale price of residential properties sold through the Multiple Listing Service® having risen by 11.3% to CAD $324,779 (US$303,614), according to the Canadian Real Estate Association (CREA). Canada can offer a wide range of options from what is a well developed and mature market. Although the North American market has seen some trials during the years 2007 - 2009 the Canadian property market has proved to be a dynamic one has not suffered as highly as the volatile USA which even into the later part of 2009 has also seen a firming of the markets. As Canada is the second largest land mass in the world with numerous provinces to choose from an investor can choose from well trodden locations to the more obscure out of the way places to invest. As the Canadian real estate investment market is mature and a solid performer it has a slower but more sure expectation in terms of return on any investment (ROI). Thinking that a quick flip is possible is not always to going to prove the case unless you are a local with specific knowledge of the most viable contractors and sources for materials as well as a full in-depth understanding on how each town works as regards growth hot spots. If you are looking for a regular return on your investment as regards income it is wise to think over 12 -24 months minimum and select property according to all the information to hand through due diligance procedures. Certain locations have proven to be more viable to investors than others - Toronto, Calgary, Edmonton, Vancouver are a few that are high on any investors mind when seeking out opportunities. But there are also very firm markets in smaller city locations such as London Ontario, and Kitchener - the later due to it being a spill over town from Toronto. Of course the regular favourites would be the ski areas of British Columbia, the lakes of the Muskokas in Ontario and of course the Quebec ski lifestyle regions of Mont Tremblant, Mont Sainte Anne and Stoneham. University towns and cities there will always be student housing in demand. Alternatively, because Canada is a nation very popular with emigrants from around the world, bear in mind that the majority that arrive rent initially and congregate in the main urban areas while they are finding their feet – they will need rental accommodation. Using an international property broker with access to local realtors who have experience of the local markets can prove very useful and it is wise to seek professional guideance at all times. Canada is a wealthy country and list high on the IMF's list of best countries to live in. During 2009 Canada was listed at the number 4 spot overall and with such a strong economy, low population and excellent growth expectation Canada is a very solid performer that should be listed for those seeking firm returns. Resale house prices started recovering in May 2009, due to cheaper house prices, pent-up demand, lower borrowing costs, and new government incentives. 2008, resale house prices dropped by 0.7% 2006 and 2007 prices rose by an annual average of 11%. 2010 onwards - full recovery of the housing market is expected Canadian economy is projected to grow by about 3%. Note: There are virtually no restrictions on foreigners buying properties in Canada.
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