Canada is the second largest country in the world and the
11th richest. Generally it is well regarded for being
easy-going, tolerant and stable with one of the fastest growing
populations among industrialised nations, currently standing at
33.2 million. A recent national census revealed that increasing
immigration and movement of the population from rural to urban
areas was significantly altering the country’s demographic profile.
Much of the economic and political power base showed a westward
trend, towards cities such as cosmopolitan Vancouver and Calgary in
the oil-rich province of Alberta. Almost half the citizens of
Canada live in or around big conurbations such as Montreal,
Vancouver and Toronto.
Canada’s economic fortunes are strongly linked
to its US neighbour and account for 80% of its export income. GDP
growth in the country was predicted by the Economist Intelligence
Unit to be at only around 2.1% in 2007, due to effects generated by
the slowing of the US economy and housing market. Final statistics
showed that it was 2.7% for the year.
Politically, Canada is very stable. Part of
the British Commonwealth, Canada, has two official languages:
English and French. The country is regarded as a clean, safe and
green place to live and work, and its main cities regularly rank
highly in terms of quality of life. In the 2007 Mercer Human
Resource Consulting survey of worldwide cities and their quality of
life, all of Canada’s major cities were in the top 25.
Still in this Chapter
Is this is good place to Buy?
Which type of Property should you go for?
Hotspots
The Purchase Process
Mortgages
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