Calgary Real Estate Market is the Best Place to invest!
It is very important to do a thorough research when you want to buy real estate property. The Real Estate Investment Network (REIN) recently revealed the top 10 cities of Canada where you can invest. This research study was based on some important factors like improvement of transportation, average income of that particular area, job and population growth etc.
Calgary
Mr. Campbell of REIN said that Calgary is the best city in Canada. Besides the remarkable decrease in real estate market, the Mortgage and Housing Crop. forecasts that the market will increase in 2010. The report again points out that current recession is the reason why the market has fallen. But since the recession is slowly getting over and the economic situation is more stable, so the major strength of the province including production of foodstuff, fertilizer and fuel will improve. According to Mr. Campbell, the excellent geographical position, heavy migration and changed affordability of the city presents a good business opportunity for long-period investors.
Kitchener-Waterloo-Cambridge, Ontario
According to REIN, KWC is the technology triangle. It is the main economic backbone of new Ontario and it will always be the big brother to all other main areas in east Canada.
Edmonton
Edmonton is one of the top ranked cities because of huge prospects. REIN report says that the area has been expanding its market with a rising population growth and an advanced management. Campbell says that this city is the major sponsor of power and energy growth in western Canada. He added that the main infrastructure development including LRT growth and ring road expansion are the key features of the city.
Surrey, B.C.
This is the second largest city and it is developing so fast that it could become larger than Vancouver. With the border crossings to U.S.A, deep sea docks, links to 5 main highways and the 4 railways, this city is a major place to do trade.
Maple Ridge & Pitt Meadows, B.C.
The REIN report says that the Gateway and Translink Project improves these towns of B.C. and they are easily accessible in Vancouver. Mr. Campbell predicts that extra 400 industries will shift into the region. It will improve the real estate demand for both commercial and residential property.
Hamilton, Ont.
Mr. Campbell reported that the management and local business owners transformed the area to a metropolis with financial strength and diversification. The report points out that its leadership is revitalizing and innovative.
St. Albert, Alta.
The city is poised to become a major patron of Edmonton Ring Road. Mr. Campbell added that when the transportation development is completed the region will experience a huge flood of new inhabitants and shifting of companies. Other characteristics of the city comprise constantly low job opening rates and real estate property value raises. The report says that the city has become the main retail center for the northern region.
Barrie & Orillia, Ont.
Mr. Campbell says that these two cities have a very strong potential to grow. College and University increased campuses have conveyed a new look to these areas. This is very good news for the property investors.
Red Deer, Alta.
According to REIN report there are a lots of concealed opportunities are available in this region. This region has experienced an immense population and job growth and the real estate market has been continuously developing. The commercial and industrial development is the key features that the investors will take advantage of.
Winnipeg
According to Mr. Campbell, Winnipeg is the most consistent place in respect to economic development. REIN says that the housing prices increased in double digits from last year. A very good factor about the city is that the worldwide immigration is projected to rise as the government will undertake the provincial nominee program.
About Crystal
The latest data from Canada Mortgage and Housing Corporation seems to back up a study Monday showing Calgary was the place in Canada for real estate investment. While CMHC says the annual rate of housing starts across the country slipped in July, starts in Calgary were up almost 55% from last year. Construction began on 1,166 new housing units last month, compared to 755 starts in July a year ago. CMHC says it’s the highest level of single family starts since 2007 and the 13th consecutive month in which the single family starts have increased year over year. But the streak is expected to end as the competition from the resale market eats into home sales.