Investing in Canada Real Estate Market
Posted on March 8, 2009
Filed Under buying real estate investment |
Like any other western country, the real estate market in Canada is a traditional and mature market that employs hundreds of thousands of people and provides attractive returns to investors. The investor returns are cyclical and are representative of the key economic factors like unemployment, GDP growth, interest rates, inflation etc.
Investing in either the residential or the commercial real estate in Canada provides a real estate investor an opportunity to diversify their portfolio and thus stabilize their returns. In the recent past, the Canadian real estate market has yielded above market returns after adjusting for inflation and has attracted billions of dollars from both domestic as well as foreign investors.
Given the high demand and recent high rates of appreciation in the real estate market in Canada, investing in Canada real estate market provides the investor an opportunity to buy a residential property and either rent it out or flip it within a year during a market upswing. In the recent past, several investors who invested in real estate market in Canada have followed the flip strategy and benefited from annual returns in excess of twenty percent.
Overall Canada has the following two attractions for real estate investors interested in investing in Canada:
First, Canada attracts a large number of rich expatriates who move to Canada either to retire or to work under the Canadian Immigration Departmentâs skilled worker program. This is a big contributor to the Canadian economy as a whole and the real estate market in particular as theses expatriates continuously keep up the rental demand and in some instances demand for resale of homes. Cities that are most popular amongst the immigrants offer a great investment opportunity in the Canada real estate market as the immigrant inflow make these cities slightly immune to the national economic conditions.
Secondly Canada has been blessed with a fast growing market within its borders. For more than five years in a row, Canada has been rated as one of the best places to live in the world by a leading research company. The political stability, economic strength and high quality of life has resulted in spawning and expansion of a multitude of small businesses and led to the physical expansion of several Canadian cities. These cities have in turn developed commercial and residential real estate sectors which offer tremendous investment opportunities. A real estate investor thus has the option to invest in any one of Canadaâs growing cities and either buy a residential or a commercial property â office space, industrial or retail units. In addition, there is also a fast growing tourist sector that creating new and attractive opportunities as more and more people invest in second or vacation homes.
Thus there are unlimited opportunities for a real estate investor in the Canadian real estate market and if one performs their due diligence and follows the process, one can easily achieve above market returns. Short term gains, sustainable income and long term growth can all be provided by Canadaâs real estate market if the investor can correctly target and time their investments.
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Ben Hirsh is an expert on Woodstock GA real estate and has an excellent website all about Woodstock real estate which features a Woodstock GA MLS search, the Woodstock GA history page, and much more.
Ben Hirsh
http://www.articlesbase.com/business-articles/investing-in-canada-real-estate-market-99925.html
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Investing in Real Estate in the Philippines?
How is the real estate market in the Philippines? I know that a lot of Balikbayans are Baby Boomers now and are looking to retire. They can't afford to retire in the US, Canada, Australia, ect, because its too expensive.
However, the Philippines is a lot cheaper for them to buy a place and retire. So I am wondering if it is worth it to invest in the Philippines real estate.
Also, I want to know if a lot of new condos in Global City, Makati, Ayala, Alabang are selling? Are people buying all these properties or are they just empty homes?
For us the ans is yes. The properties are all inmy wife's name which doesn't bother me a bit. I retired here to Iloilo city in 2002.
My subdivision lots have all gone up by at least 20% a year for the past 3 years and I see them going nowhere but up.
My wife is not a US Citizen so she cannot collect my SS or pension when I die. To me real iestate is by far the best way to invest money here.
Those condo's are selling and at a premium price. One of the reasons I think is because foreigners here cannot own any property only condo's.
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Have on rental house and lot and 3 more propertyies I will be investing in over the next few years.
At the present time until the Philippines changes their Constitution only Filipino citizens can own real property. Other than Filipino citizens can own a home (the structure) just can not own the property that structure is constructed on. You can lease the land for fifty years.
Foreigners from other countries, outside the Philippines can own a condo, a town house under cetrtain conditions and other dwellings in accordance with Phillippines law. The best bet to learn more about this is go to this web site: http://www.livinginthephilippines.com/ and also join the groups forum at http://groups.yahoo.com/group/LivingInThePhilippines3/join
I am an American married to a filipina. My wife and I own an upper scale condo. Go here http://www.ricexpats.com and carefully explore all of the many different URL and hyper-links. Much can be learned about the Philippines, and way of life. Tons of great info, many videos and photos. if you take the time you will see links to other condos
Gobal City is in the Fort Bonifical area, a fairly newly developed area and very promising. Lots of new condos
Feel free to contact me. My email is at my web site.
References :
http://www.ricexpats.com
There are many foreigners living on Bohol , some are buying large properties and sub-dividing . They seem to be doing well in this endeavor . We just bought two lots and a friend of ours bought two adjoining lots .
Many of the sub-divisions in and around Cebu and Mactan have houses that just sit vacant for long periods .
I personally feel that land is a great investment as the population grows it will only grow in value
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you can try also in tagaytay,nice place,no pollution and good climate,house & lot or lot only,you can e mail me
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With the struggling job market in the Philippines, buying property and expecting to sell later to locals to make a profit may be difficult. Unless of course your target market is focused in international clients.
Many baby boomers are not necessarily looking to make a profit in real estate but are preparing to establish a comfortable retirement. That means having and living in large and fully paid property(s) with no debts and very affordable daily expenses. While some supplement their living by also owning and running one or more businesses to continue to earn an income.
With the high prices of homes in the U.S. and less yearly salary increases, paying off a home while you're still alive can be difficult to impossible as prices for other daily necessities continue to climb due to inflation.
Social Security and Medicare benefits in the U.S. are predicted to fall in a crisis in the next 10 - 20 years as the prices for health care fees will rise even more with less money in the pot to provide support for everyone.
As the value of the dollar drops against the value of the Philippine peso, many Filipinos see this as the best opportunity to buy land or homes now before the value of the dollar loses an even higher significant amount of value as the Philippines economy continues to improve.
Hope this helps!
References :
MeetFilipinoFriends.com chat with filipino friends